• Beazer Homes USA and Meritage Homes have filed for stock offerings, and Hovanian Enterprises recently issued bonds.
• The Dow Jones U.S. Home Construction Index is up 50% since January. It has seven builders' stocks in it.
• The new money is being used to reduce debt in some cases and to buy land in others.

From the article:

U.S. home builders, anticipating that a recovery in new-home sales is on the horizon, are raising cash on Wall Street to repair balance sheets and rebuild their depleted supply of land.