Home Building Stocks January-04-2011
Now, the shares of homebuilders rallied significantly on the news, with builders Hovnanian (NYSE: HOV ) and PulteGroup (NYSE: PHM ) jumping 6.9% and 3.3%, respectively. K.B. Home (NYSE: KBH ) climbed 3%, while D.R. Horton (NYSE: DHI ) and Toll Brothers (NYSE: TOL ) rose 2.9% each. Beazer (NYSE: BZH ) rose 2.4% and Lennar (NYSE: LEN ) edged higher 1.2%.