The HW 30 (HW 30), the HousingWire index of firms driving the U.S. housing economy, saw modest gains on light trading through most of the post-Christmas Day session.

Along with the other markets, the HW 30 was higher by early afternoon trading, up 0.29% as of 2:40 p.m. ET. The Dow was pushing to record levels - up 122 points or 0.75% - while the Nasdaq was up 0.29% and the S&P 500 rose 0.48%.

Traders seemed optimistic on upbeat jobs numbers for the week ending Dec. 21 and the adjustment to the coming tapering of QE3.