The trend is trying to turn in the favor of homebuilders.

Utilities, healthcare, small cap stocks, technology, and financials are among the best.

Homebuilders have tried to stay upbeat about their rate-sensitive industry. 30-year mortgage rates have, in many cases, dropped three-quarters of a percentage point in 2014.

NAHB/Wells Fargo US Housing Market Index (HMI) for September was reported at a level of 59.00 up from 55.00 last month and up from 57.00 on year ago.

The Consumer Discretionary sector ranks fourth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report.

Most of the strength in the housing market is coming from multi-family units (up +28.9%) instead of more traditional single family residences (up +8.3%).