Why D.R. Horton Stock Jumped 11% in December
Shares of D.R. Horton (NYSE: DHI) surged 11% in December, according to data provided by S&P Global Market Intelligence. Several positive news items helped drive the housing stock higher last month.
Data released in December pointed to continued strength in the housing market. The Commerce Department reported that housing starts in November hit an eight-month high, increasing 11.8% to a seasonally adjusted 1.670 million units. That was well above the 1.568 million units expected by economists. Meanwhile, permits for future home building increased by 3.6% to 1.712 million units.
Image source: Getty Images.
Source Fool.com
