Homebuilders ETF Sees Continued Move Higher (XHB)

After a nice move higher yesterday, the Homebuilder ETF SPDR S&P Homebuilders (NYSE: XHB) is seeing a nice 4.5% follow-through move higher. Yesterday the ETF was was up 4%.

Today's move could be more technical, but yesterday there was a number of positive comments from analysts on the fundamentals bottoming out. In addition, analysts see continued consolidation in the space following the Pulte Homes's (NYSE: PHM) recent deal to acquire Centex (NYSE: CTX).

If you look at the individual homebuilders you will notice that a lot of them not seeing as dramatic of a move. The ETF is made up of other non-builder stocks, which could represent the discrepancy.

• Ryland Group Inc. (NYSE: RYL) +9%
  
• NVR Inc. (NYSE: NVR) +6%
  
• Meritage Homes Corporation (NYSE: MTH) +6%
  
• Lennar Corp. (NYSE: LEN) +1%
  
• Toll Brothers Inc. (NYSE: TOL) +5%
  
• Standard Pacific Corp. (NYSE: SPF) -1%
  
• DR Horton Inc. (NYSE: DHI) +4%
  
• KB Home (NYSE: KBH) +3%
  
• M/I Homes, Inc. (NYSE: MHO) +11%
  
• Pulte Homes Inc. (NYSE: PHM) +5%
  
• Beazer Homes USA Inc. (NYSE: BZH) +4%
  
• Hovnanian Enterprises Inc. (NYSE: HOV) +4%
  
• MDC Holdings Inc. (NYSE: MDC) +2.5%

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