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Home builders constructing a home.
Builder confidence in the market for newly built single-family homes rose four points to 35 in January, according to the National Association of Homebuilders.

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  • Homebuilder stocks surged on Tuesday after a slew of earnings showed improving demand from home buyers.
  • The demand from home buyers comes despite the average mortgage rate hovering above 6%.
  • "We saw buyer demand improve as the fourth quarter progressed and can confirm the strength continued through the month of January," PulteGroup said.

A string of earnings beats sent homebuilder stocks surging on Tuesday as the results show that there is still demand from consumers to buy a home. 

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Markets, MI Exclusive, Stock Market, Homebuilders, Homebuilder Stocks, mortgage rates, Trading, finance, Mover
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Homebuilder stocks surge after earnings reveal improving demand from buyers des…