Homebuilding Stocks To Watch Following KB Homes Q4 Results

Traders will want to watch homebuilding stocks following the Q4 results of KB Home KBH.

KB Home spiked up in early trading only to fall more than 1 percent later in Tuesday morning’s trading session.

The SPDR S&P Homebuilders (ETF) XHB was higher Tuesday and recently traded at $35.71, up 1.78 percent.

Other names trading higher Tuesday included Hovnanian Enterprises, Inc. HOV, Lennar Corporation LEN, D.R. Horton, Inc. DHI and PulteGroup, Inc. PHM.

KB Home recently traded at $16.39, down 1.09 percent.