Investing.com – U.S. home construction stocks were higher Tuesday after strong new home sales.
Toll Brothers (NYSE:TOL) was up 5.25% after also reporting in-line second quarter earnings.
Lennar (NYSE:LEN) put on 2.9%, while PulteGroup (NYSE:PHM) added 2%.
New home sales jumped 12.4% in July to 654,000, the biggest increase in nine years.