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ArchivePrice of Crude Leads the Way (APOL, LDK, DAL, NWSA, MHO, JKS)Posted by Geoff Seiler at 4:39PM on June 26th
Stocks scraped out gains on the day to help recoup some of yesterday’s losses. The market largely followed the price of crude, which after some choppy trading, edged out a gain as well. All in all, it was a slow…  Homebuilders Bounce On Housing Starts Data (CVCO, MHO, MTH, SPF, KBH, BZH, NVR)Posted by Jason Smith at 1:29PM on October 19th
New home construction rose by 30 basis points in September to a seasonally adjusted annual rate of 610,000, the highest level since April. Economists were expecting a -4.2% decline to a rate of 539,000. The surprise increase is a positive… Homebuilders Rally Despite Disappointing Data (MHO, RYL, BZH, LEN, NVR, DHI, BHS, KBH)Posted by Jason Smith at 12:43PM on September 24th
August new home sales came in at an annual pace of 288,000, which matched July’s sales rate and missed the economist consensus for an improvement to a rate of 295,000. TD Securities economist Eric Green told Bloomberg, “There is no… Lennar Beat Puts Homebuilders In Focus Ahead of Data (LEN, BZH, MHO, KBH, PHM, TOL, MTH, RYL)Posted by Owen Vater at 9:30AM on September 20th
Homebuilders took a hit last week after bearish foreclosure data stoked fears of a continued housing slump, but Lennar (LEN) rebounded on Monday after better-than-expected fiscal third-quarter earnings. The company recorded net income of $30 million or 16 cents per share for… Homebuilders Fall On Foreclosure Data (MHO, KBH, PHM, SKY, TOL, BZH, HOV, NVR)Posted by Jason Smith at 1:20PM on September 16th
After some recent analyst optimism in the homebuilder space, stocks sold off sharply on Thursday’s foreclosure data from RealtyTrac. According to coverage by Bloomberg, bank repossessions jumped 25% year-over-year in August. Seized properties spiked to 95,364 last month, marking the highest… Homebuilders Edge Up Despite Negative Housing Start Consensus (BZH, MHO, HOV, PHHM)Posted by Anita Godse at 10:19AM on June 14th
With the expiration of the housing stimulus plans, Morgan Joseph expects that May housing starts, will fall significantly from April, and the most recent consensus is a month-to-month drop of -2.5%. The analyst noted that there are still serious concerns… Tax Credit-Fueled Numbers Send Homebuilder Stocks Soaring (HOV, BHS, XIN, RYL, MHO, SPF, PHHM)Posted by Anita Godse at 11:38AM on May 26th
On Wednesday, the Department of Commerce estimated that new-home sales rose nearly 15% in April to a seasonally-adjusted annual rate to 504,000—the highest levels since May 2008. This was significantly higher than estimates projecting an annual rate of 425,000. A… Homebuilders Break Out On Economic Optimism (HOV, MHO, BZH, LEN, SPF, PHHM, CVCO, BHS)Posted by Owen Vater at 1:58PM on April 14th
Mortgage applications fell last week, marking the Mortgage Bankers Association index’s biggest drop since February, according to Bloomberg’s coverage Wednesday morning. Under normal circumstances one might expect a decline in mortgage applications to weigh on homebuilding stocks, but that’s far from… Despite Second Daily Pop, Correction May Still Be At Hand (UPS, WHR, DHI, ANN, MHO)Posted by Jim Ambrosio at 4:48PM on February 2nd
Stocks rallied for a second-straight day, bouncing back from last week’s declines. Corrections are part of a healthy market and aren’t all that uncommon, and after huge gains from the market’s lows, we think we could be in store for… NAR: Tax Credits Masking Broad Improvement in Housing Trends (DHI, MHO, SPF, HOV, TOL, LEN)Posted by Owen Vater at 10:49AM on February 2nd
The National Association of Realtors’ pending home sales index met expectations with a 1% rise in December, and homebuilding stocks are responding in a big way. The uptick follows a sharp decline in November when the proposed deadline for first-time…  |
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