Homebuilders are up nicely following Lennar's (LEN +3.1%) FQ1 earnings beat and its statement...

|By:, SA News Editor

Homebuilders are up nicely following Lennar's (LEN +3.1%) FQ1 earnings beat and its statement that the market is stabilizing due to low house prices and interest rates. PulteGroup (PHM) +4.1%, Ryland (RYL) +3.75%, DR Horton (DHI) +3.7%, and KB Home (KBH), which reported weak results on Friday, +2.3%.