NEW YORK ( TheStreet) -- The SPDR S&P Home Builders ETF ( XHB) shot up 4% on Thursday despite data that showed existing home sales were down 5.1% in June. Housing starts were also down 5% last month. Top holdings of the ETF include Pulte Group ( PHM), up 4.7%, and Lennar ( LEN), up 5% on Thursday morning. The iShares Dow Jones US Home Construction ( ITB) also rose 3.5%. The gains mark a reversal of recent market action, where homebuilder ETFs have frequently ended in the negative category. Basic material ETFs were the other strong performers. The iShares Dow Jones Basic Material ETFs ( IYM) is up 3.5%. Its top holdings include Freeport-McMoRan ( FCX), Nucor ( NUE) and Peabody Energy ( BTU), all of which have recently received analyst upgrades. Financial ETFs got a lift on Thursday after a host of regional banks including SunTrust Banks ( STI), Fifth Third Bancorp ( FITB) and KeyCorp ( KEY) reported better-than-expected earnings numbers. The SPDR KBW Bank ( KBE) was rising 3.5%, while the SPDR KBW Regional Banks ETF ( KRE) rose 3.1%. -- Reported by Shanthi Venkataraman in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.