Standard Pacific Corp. (SPF)

[56Chevy]

Standard Pacific (NYSE: SPF ) , whose stock has risen 69% so far this year, also turned in numbers to die for: new orders up 43% from last year, an increase in backlog of 55%, and a revenue jump of nearly 56%. M.D.C. Holdings (NYSE: MDC ) was equally upbeat, easily besting predictions in its own first-quarter report. New orders and backlog were up here as well, by 51% and 50%, respectively. Closings were up also, by 12%.

These are impressive numbers and with all of the homebuilders experiencing the same positive trends I'd have to say the recovery in homebuilding may have legs this time.