NEW YORK ( TheStreet) -- Shares of home builders PulteGroup ( PHM), D.R. Horton ( DHI) and Lennar ( LEN) were among the best-performing stocks in the S&P 500 on Wednesday. The S&P 500 fell 6.5 points, or 0.47%, to 1,365.68 on Wednesday. Pending home sales, reported Monday from the National Association of Realtors, rose 2% in January, near a two-year high. Analysts were expecting a 1% increase; sales dropped 3.5% in December.
Shares of PulteGroup increased 6.27% to $8.82. The company has an estimated price-to-earnings ratio for next year of 16.55; the average for home construction companies is 21.2. For comparison, D.R. Horton and KB Home ( KBH) both have higher forward P/Es of 17.8 and 29.62, respectively. Eighteen of the 22 analysts who cover PulteGroup rate it at hold; four analysts give the stock a buy rating. TheStreet Ratings gives PulteGroup a D+ grade and sell rating. The stock has risen 39.78% year to date.