Shares of homebuilders rose Friday on hopes that mortgage rates could fall and spur home buying. The yield on the 10-year Treasury note, which mortgage rates follow, fell to 2.87 percent Friday from 2.97 late Thursday after the Labor Department reported the weakest month of hiring in three years. Employers added 74,000 jobs in December after averaging 214,000 in the previous four months. Lower rates makes homes more affordable to consumers. Here's how homebuilder stocks fared in trading Friday afternoon: — Beazer Homes USA Inc. : Up 28 cents , or 1.2 percent, to $23.14 . — D.R. Horton Inc. : Up 57 cents , or 2.6 percent, $22.32 . — Hovnanian Enterprises Inc. : Up 8 cents , or 1.3 percent, to $6.28 . — KB Home : Up 60 cents , or 3.4 percent, to $18.48 — Lennar Corp. : Up $1.01 , or 2.6 percent, to $39.43 . — M.D.C. Holdings Inc. : Up 33 cents , or 1 percent, to $31.68 . — PulteGroup Inc. : Up 43 cents , or 2.1 percent, to $20.21 . — Ryland Group Inc. : Up $1.01 , or 2.4 percent, to $43.52 . — Standard Pacific Corp. : Up 15 cents , or 1.7 percent, to $8.92 . — Toll Brothers Inc. : Up 98 cents , or 2.7 percent, to $37 .
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Some California Cities Seeking Water Independence
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Obama Seeks to Stay Neutral in CIA-Senate Conflict
- Will Missing Malaysian Jet Prompt Aviation System Change?
- GM Recall Poses First Major Test for New CEO