Homebuilder stocks improved modestly Monday following an upbeat industry sentiment report.

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday showed that, for the first time in seven years, most U. S. homebuilders are optimistic about home sales.

The index moved to 52 this month from 44 in May. It was the largest monthly increase since 2002. A reading above 50 indicates more builders view sales conditions as good, rather than poor. The index hasn't been that high since April 2006, just before the housing market collapsed. Measures of customer traffic, current sales conditions and builders' outlook for single-family home sales over the next six months also soared to their highest levels in seven years.

The housing recovery is looking more sustainable and some saw the report as a sign that construction could help drive stronger economic growth in coming months.

U. S. homebuilder shares have jumped in the past year as the housing market begins to recover. But after hitting record highs this spring, they have declined modestly.

Here's how some homebuilders' shares fared Monday:

Toll Brothers Inc.: Up 78 cents, or 2.4 percent, to close at $33.66

Lennar Corp.: Up 29 cents to close at $39.32

DR Horton Inc.: Up 37 cents to close at $24.26

Hovnanian Enterprises Inc.: Up 9 cents to close at $6.37

MDC Holdings Inc.: Up 82 cents, or 2.3 percent, to close at $36.56

KB Home: Up 37 cents to close at $22.02.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on support@news.net


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.