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April 16, 2021, 11:55 a.m. EDT

Homebuilder stocks in broad rally to records after big jump in housing starts data

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By Tomi Kilgore

The homebuilder sector enjoyed a unanimous rally toward a record Friday, after data showing that new-home construction in March surged more than expected. the SPDR S&P Homebuilders ETF /zigman2/quotes/202739297/composite XHB +0.21% rallied 1.6% toward a record close, with all 35 equity components gaining ground. Among the more active homebuilders, shares of Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL +0.70% climbed 1.9% and D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI +0.05% hiked up 2.3%, both into record territory, while Lennar Corp. /zigman2/quotes/202536373/composite LEN -1.35% advanced 1.0%, in range of its April 9 record close of $105.52. Also in the homebuilders ETF, shares of Home Depot Inc. /zigman2/quotes/208081807/composite HD -0.22% rallied 1.3% and Lowe's Companies /zigman2/quotes/205563664/composite LOW -0.15% jumped 1.5%, both toward record closes. The homebuilders ETF has run up 29.6% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.07% has gained 11.2%. Housing starts in March rose 19% from February to a seasonally adjusted annual rate of 1.74 million, topping expectations of 1.62 million.

/zigman2/quotes/202739297/composite
US : U.S.: NYSE Arca
$ 77.42
+0.16 +0.21%
Volume: 940,270
May 5, 2021 4:10p
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 66.03
+0.46 +0.70%
Volume: 893,098
May 5, 2021 4:00p
P/E Ratio
17.42
Dividend Yield
1.03%
Market Cap
$8.07 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 101.71
+0.05 +0.05%
Volume: 1.53M
May 5, 2021 4:00p
P/E Ratio
11.79
Dividend Yield
0.79%
Market Cap
$36.65 billion
Rev. per Employee
$2.09M
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 105.56
-1.44 -1.35%
Volume: 1.02M
May 5, 2021 4:00p
P/E Ratio
10.79
Dividend Yield
0.95%
Market Cap
$32.66 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 332.05
-0.72 -0.22%
Volume: 2.01M
May 5, 2021 4:00p
P/E Ratio
27.81
Dividend Yield
1.99%
Market Cap
$357.80 billion
Rev. per Employee
$261,708
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/zigman2/quotes/205563664/composite
US : U.S.: NYSE
$ 200.00
-0.30 -0.15%
Volume: 2.51M
May 5, 2021 4:03p
P/E Ratio
25.84
Dividend Yield
1.20%
Market Cap
$143.65 billion
Rev. per Employee
$263,521
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/zigman2/quotes/210599714/realtime
US : S&P US
4,167.59
+2.93 +0.07%
Volume: 1.76B
May 5, 2021 5:13p
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