Shares of U.S. homebuilders are leading consumer discretionary stocks as the new home market is poised to rebound faster than other cyclical purchases this year.
The Standard & Poor’s Supercomposite Homebuilding Index—made up of Toll Brothers Inc., NVR Inc. and nine others—has risen 20 percent since Nov. 11. The S&P 500 GICS Consumer Discretionary Sector Index—which includes Lennar Corp., PulteGroup Inc., D.R. Horton Inc. and 81 other companies such as Home Depot Inc. and Lowe’s Cos.—is up 1.9 percent during the same period. This follows about 10 months when homebuilders lagged behind by 45 percentage points.
