Market Overview

9 Stocks That Moved On The Big New Homes Sales Beat

9 Stocks That Moved On The Big New Homes Sales Beat

New home sales for the month of September soared to the highest level in a decade.

Throughout the month of September, sales of new U.S. single-family homes rose 18.9 percent to a seasonally adjusted annual rate of 667,00 units. By comparison, analysts and experts were expecting the SAAR rate to read 555,000, which would have implied a decrease from August's reading of 560,000 units.

See Also: Best Homeowners Insurance

Naturally, the much stronger than expected home sales report sent shares of homebuilders and related stocks mostly higher. Here is a summary of how the stocks performed as of late Wednesday morning.

  • M/I Homes Inc (NYSE: MHO): +2.81 percent at $30.00.
  • PulteGroup, Inc. (NYSE: PHM): +2.06 percent at $29.27.
  • Toll Brothers Inc (NYSE: TOL): +0.49 percent at $44.82.
  • Lennar Corporation (NYSE: LEN): +0.10 percent at $58.07.
  • D. R. Horton Inc (NYSE: DHI): -0.32 percent at $43.18.
  • iShares Dow Jones US Home Const. (ETF) (NYSE: ITB): -0.51 percent at $38.77.
  • Hovnanian Enterprises, Inc. (NYSE: HOV): -1.08 percent at $2.28.
  • SPDR S&P Homebuilders (ETF) (NYSE: XHB): -1.54 percent at $40.81.
  • KB Home (NYSE: KBH): -1.96 percent at $27.04.

Related Articles (DHI + HOV)

View Comments and Join the Discussion!

Posted-In: Home Sales homebuilders new home salesNews Econ #s Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at