Homebuilder stocks gained Monday as builders showed more confidence in the market for new homes in August.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose 2 points to 60 following a downwardly revised reading of 58 in July. Readings above 50 indicate more builders view sales conditions positively.
So far this year, the XHB has gained nearly 8 percent.
XHB year to date