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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 +0.89% 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 -0.53% climbed 1.9% and D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI -0.21% hiked up 2.3%, both into record territory, while Lennar Corp. /zigman2/quotes/202536373/composite LEN +0.13% 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 +1.67% rallied 1.3% and Lowe's Companies /zigman2/quotes/205563664/composite LOW +2.97% 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 +0.82% 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
$ 78.11
+0.69 +0.89%
Volume: 1.86M
May 6, 2021 4:00p
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/zigman2/quotes/201912487/composite
US : U.S.: NYSE
$ 65.68
-0.35 -0.53%
Volume: 823,232
May 6, 2021 4:00p
P/E Ratio
17.32
Dividend Yield
1.04%
Market Cap
$8.13 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 101.50
-0.21 -0.21%
Volume: 2.13M
May 6, 2021 4:00p
P/E Ratio
11.76
Dividend Yield
0.79%
Market Cap
$36.66 billion
Rev. per Employee
$2.09M
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/zigman2/quotes/202536373/composite
US : U.S.: NYSE
$ 105.70
+0.14 +0.13%
Volume: 1.36M
May 6, 2021 4:00p
P/E Ratio
10.80
Dividend Yield
0.95%
Market Cap
$32.22 billion
Rev. per Employee
$2.37M
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 337.58
+5.53 +1.67%
Volume: 3.54M
May 6, 2021 4:00p
P/E Ratio
28.27
Dividend Yield
1.96%
Market Cap
$357.03 billion
Rev. per Employee
$261,708
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/zigman2/quotes/205563664/composite
US : U.S.: NYSE
$ 205.94
+5.94 +2.97%
Volume: 4.53M
May 6, 2021 4:04p
P/E Ratio
26.61
Dividend Yield
1.17%
Market Cap
$143.44 billion
Rev. per Employee
$263,521
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/zigman2/quotes/210599714/realtime
US : S&P US
4,201.62
+34.03 +0.82%
Volume: 2.24B
May 6, 2021 5:28p
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