Housing Stocks Surging Amid Earnings-Based Rally On Wall Street

Housing stocks are among the market’s best performers in late-morning trading on Tuesday, as traders are buying into the sector amid a broad-market rally helped by a strong start to the earnings season.

The strength in the housing sector is reflected by the 2.9 percent gain currently being shown by the Philadelphia Housing Sector Index. With the advance, the index is moving higher for a fifth straight session.