Posted by Jason Smith at 12:24PM on October 8th
Housing stocks are tough to follow these days, swinging rapidly on economic data and mixed opinions among experts.
Homebuilders are surging across the board today after Treasury Secretary Geithner said the housing markets are showing “broad signs” of improvement, according to…
Posted by Owen Vater at 11:48AM on October 2nd
Over the last week, some homebuilders have gotten crushed with double-digit declines.
Despite this week’s announcement that August pending home sales jumped 6% to their highest level in over two years, investors are still dumping homebuilders across the board. According to…
Posted by Owen Vater at 11:57AM on August 21st
July’s existing home sales data is sending homebuilders on a rally to end the week.
On Tuesday, an unexpected decline in new home construction raised housing questions among investors. Today’s existing home sales data is more clearly positive, however. Existing homes…
Posted by Max Magee at 11:41AM on May 4th
A 3.2% jump in pending home sales surprised analysts on Monday, sending homebuilder stocks skyward.
Homebuilder stocks are up huge on the better-than-expected home sales number, which analysts predicted would be flat. Of late, homebuilders have been rallying on any glimmer…
Posted by Max Magee at 11:57AM on April 22nd
Homebuilders surged on Wednesday following the second straight monthly increase of the Federal Housing Finance Agency home price index.
The index, which was up 0.7% in February, remains -6.5% below its value at the same time last year, but the sequential…
Posted by Max Magee at 12:37PM on April 15th
Homebuilder stocks were up on Wednesday despite an 11% weekly drop in mortgage applications.
The Mortgage Bankers Association reported that its application index fell this week for the first time in over a month. In a low rate environment, such negative…
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