Shares of home builders have been on a tear since the stock market bottomed in late March, boosted by a recovery in the housing market as record-low mortgage rates draw buyers. The S&P 500’s home-building subindustry index—currently made up of Lennar Corp., D.R. Horton Inc., PulteGroup Inc. and NVR Inc.—is up 23% this year and closed Monday at its first record in 15 years. The S&P 500, in comparison, has risen 4% and is within 1% of its February high.

Source: Wall Street Journal August 10, 2020 20:18 UTC