Stock market live blog: S&P 500 and Dow slip, but Nasdaq gains

Homebuilder stocks are getting a welcome reprieve after new home sales and consumer confidence hit their highest level in six years.

The iShares U.S. Home Construction ETF



/quotes/zigman/1496092/delayed
/quotes/nls/itb
ITB



rose 1.3% to 24.36, but is still down 1.5% for the year to date.

Similarly, homebuilders shares were showing gains on Tuesday while most of them are down for the year.

The biggest gainers on the day were Hovnanian Enterprises Inc.



/quotes/zigman/229621/delayed
/quotes/nls/hov
HOV



, up 2.7% at $4.59, and Ryland Group Inc.



/quotes/zigman/240216/delayed
/quotes/nls/ryl
RYL



, up 2.7% at $39.23. Then again, Hovnanian has also been hit the hardest on the year and is still down 30% year-to-date. Ryland is down 9.6% for the year.

The best performers for the year are NVR Inc.



/quotes/zigman/132207/delayed
/quotes/nls/nvr
NVR



, up 13%; D.R. Horton Inc.



/quotes/zigman/224125/delayed
/quotes/nls/dhi
DHI



, up 7.6%; and Lennar Corp.



/quotes/zigman/232035/delayed
/quotes/nls/len
LEN



, up 4.5%. Those stocks were up from 1.4% to 2% Tuesday.

Other 2014 laggard homebuilder stocks seeing gains Tuesday are Beazer Homes USA Inc.



/quotes/zigman/12231718/delayed
/quotes/nls/bzh
BZH



, down 18%, and Meritage Homes Corp.



/quotes/zigman/233326/delayed
/quotes/nls/mth
MTH



, down 14%.

About admin