Seeking Alpha

Homebuilders pop as building permits surge

  • Homebuilders have their tails in the air following this morning's housing starts report which beat expectations and also included a big building permits print - up 6.2% from September and 13.9% from a year ago.
  • Full report
  • ETF: XHB +0.7%, ITB +0.7%.
  • Toll Bros. (TOL +1%), Pulte (PHM +1.1%), Hovnanian (HOV +1%), D.R. Horton (DHI +1.3%), Lennar (LEN -0.7%)
Comments (2)
  • Deja Vu
    , contributor
    Comments (1100) | Send Message
     
    why are single family housing stocks up? The jump was from multifamily starts!
    26 Nov 2013, 12:30 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1500) | Send Message
     
    Guilty by association.
    26 Nov 2013, 02:44 PM Reply Like
DJIA (DIA) S&P 500 (SPY)