Seeking Alpha

The unexpected rise in pending home sales and D.R. Horton's (DHI +7.2%) better-than-expected...

The unexpected rise in pending home sales and D.R. Horton's (DHI +7.2%) better-than-expected quarterly profit is lifting homebuilder stocks (XHB +1.6%) and the broader market. Aside from DHI: LEN +5.7%, PHM +4.4%, KBH +3.1%, TOL +3%. Broad indexes up slightly: Dow now +0.2%, S&P +0.3%, Nasdaq +0.6%.
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