MTH - Why These Homebuilder Stocks Soared More Than 25% in May
Shares of homebuilders KB Home (NYSE: KBH), Meritage Homes (NYSE: MTH), and Beazer Homes USA (NYSE: BZH) popped more than 25% in May, according to data provided by S&P Global Market Intelligence. KB's shares were up 26.1%, Meritage's rose 32.2%, and Beazer's jumped an impressive 39.5% in a month that saw the S&P 500 creep up by only 4.5%.
After March's stock market crash, May's gains pushed two of the three companies back into positive territory for the year. KB's shares are up 1.5% so far in 2020, while Meritage's have now gained 20.5%. Only Beazer is trailing the market's year-to-date performance, with shares down 26.4% compared to the S&P 500's 3.7% loss.
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