Homebuilder stocks tracking for best quarter in more than 2 years

Mark Elias | Bloobmerg | Getty Images

Construction workers set floor trusses in place that will support the second story of a home at the Lennar Corp. Madison Pointe at Central Park development in Doral, Florida.

Shares of the SPDR S&P Homebuilders ETF (XHB) were tracking for their best quarter in more than 2 years Friday, amid a leap in homebuilder sentiment to its highest in 12 years.

As of Friday afternoon, XHB was up nearly 10 percent for the first quarter of 2017, on pace for its best quarter since the fourth quarter of 2014 when it gained 15.31 percent.

Top performers in the ETF include:

TopBuild — up 32 percent quarter to date, on pace for its best quarter ever since it went public in June 2015.

PulteGroup — up 28 percent quarter to date.

DR Horton — up 22 percent quarter to date, nearly matching its best quarter set in the fourth quarter of 2014 at 23.25 percent.

and Lennar — up 19 percent quarter to date.

SPDR S&P Homebuilders ETF (XHB) quarter-to-date performance

Source: FactSet

On Events's Gina Francolla contributed to this report.


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