- Homebuilder stocks enjoy healthy gains after the NAHB sentiment index rose to its highest level since July 2005, with its six-month sales outlook also jumping to an 11-year high.
- Despite rising mortgage rates, the post-election bounce in builder sentiment is consistent with other data showing U.S. industries are optimistic that Pres.-elect Trump will make it easier for companies to do business.
- In today's trade: HOV +3.8%, KBH +2.5%, BZH +2.3%, TOL +2.1%, MDC +2.1%, PHM +1.4%, DHI +1.4%, LEN +1.2%.
- ETFs: XHB, ITB
Homebuilders on the move as confidence surges to 11-year high
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About HOV Stock
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Symbol | Last Price | % Chg |
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HOV | - | - |
Hovnanian Enterprises, Inc. |