This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pulte: Homebuilder Winners & Losers

NEW YORK ( TheStreet) -- PulteGroup (PHM - Get Report), Weyerhaeuser (WY - Get Report) and Lennar (LEN - Get Report) were among the homebuilder stocks in positive territory Monday after the National Association of Home Builders' index of builder sentiment came in unchanged in May .

The NAHB said early Monday its confidence index, which measures builder perceptions of current single-family home sales and sales expectations for the next six months, came in flat at a reading of 16 in May, matching expectations of industry watchers, according to consensus estimates listed on Briefing.com.


Any reading below 50 indicates poor sentiment. The index has not been above 50 since April 2006.

Though the index remained unchanged, and has been at a reading of 16 for six of the past seven months, market watchers were pleased it had not fallen this month, bidding builder stocks mostly higher in morning trading.

Weyerhaeuser led the group, gaining 2.7% ahead of midday. D.R. Horton (DHI - Get Report) added 2.1%, PulteGroup 1.1%, Lennar 1.6%, and KB Home (KBH - Get Report) 1.5%.

The SPDR S&P Homebuilders (XHB), an exchange-traded fund that tracks the homebuilder sector, bucked the trend, trading 0.1% lower. Small-cap builders Standard Pacific (SPF - Get Report) and Comstock Homebuilding (CHCI - Get Report) were also in negative territory, shedding 1.1% and 1.5%, respectively.


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
CHCI $0.72 0.00%
DHI $25.79 0.00%
KBH $14.77 0.00%
LEN $46.82 0.00%
PHM $19.62 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs