Homebuilder Stocks Are Surging Today

Home prices increased at their fastest pace since July 2006, and new home sales data showed that housing supply continues to be tight.

And tight housing supply is expected to push home prices higher this year.

This has helped push homebuilder stocks higher today. Here is a look at what some of them are doing:

• Toll Brothers is up 3 percent.

• DR Horton America's largest homebuilder is up 3.5 percent.

• Beazer Homes is up 2.3 percent.

• PulteGroup is up 4.5 percent.

• Lennar Corp is up nearly 3 percent.

• Standard Pacific Corp which builds single-family attached and detached homes is up nearly 7 percent.

• Homebuilder ETFs ITB and XHB are also up today.