RDFN - Homebuilder stocks some real estate brokers advance as home prices surge

Homebuilder stocks climb as home prices continue to rise and COVID cases decline. Both the S&P Corelogic Case-Shiller Home Price Index and the FHFA House Price Index clocked in double-digit percentage year-over-year increases in March.That persistent rise may have hurt home sales in April.New home sales fell more than expected to a seasonally adjusted annual rate of 863K in April, and the March rate was revised down to 917K from its initial reading of 1.02M.The iShares U.S. Home Construction ETF (ITB) climbs 2.1%; individual names seeing some of the strongest action are: Toll Brothers ([[TOL]] +4.0%) (which reports earnings after the close today), KB Home ([[KBH]] +4.6%), Beazer Homes USA ([[BZH]] +3.9%),  and NVR ([[NVR]] +3.5%).Tech-focused real estate brokerage Redfin ([[RDFN]] +2.2%) also gains, while digital real estate company Zillow ([[Z]] -0.0%) and brokerages Realogy ([[RLGY]] +0.6%) and eXp World Holdings ([[EXPI]] -0.4%) rise more modestly. Re/Max ([[RMAX]] -0.2%) slips, though.YTD

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Homebuilder stocks, some real estate brokers advance as home prices surge