- Homebuilders ended the week strong. D.R. Horton jumped 4.1%, PulteGroup (NYSE:PHM) rose 3.9%, Toll Brothers +3.0%, KB Home (NYSE:KBH) +3.3%, and Lennar (NYSE:LEN) +3.0%
- Taylor Morrison Home (NYSE:TMHC) +2.4% and AV Homes +1.2%. Yesterday, TMHC agreed to buy AV Homes for $963M in cash and stock.
- Earlier this week, CoreLogic home price index indicated a 5.3% increase from April 2018 to April 2019.
- SPDR S&P Homebuilders ETF (NYSEARCA:XHB) closed +1.9% on Friday; it includes homebuilders PHM, DHI, and TOL, along with home-improvement retailers Lowe's and Home Depot (NYSE:HD), as well as a number of appliance maker Whirlpool (NYSE:WHR) and construction material suppliers
- ETFs: XHB, ITB, PKB, NAIL, HOML, CLAW
- Previously: CoreLogic sees tight U.S. housing supply pushing home prices up in year ahead (June 5)
- Now read: PulteGroup (PHM) Presents At JP Morgan 11th Annual Homebuilding and Building Products Conference - Slideshow
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