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Posts related to ‘Housing’

Newcastle Sets Large Secondary Offering (NCT)

Posted: March 28, 2012 at 5:17 pm

Newcastle Investment Corporation (NYSE: NCT) is getting clobbered on news of a secondary offering.  The company now plans to sell some 16.5 million shares of common stock in a public ...
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Freddie Mac Sees Mortgage Rates Rising to 4.5% in 2012

Posted: March 28, 2012 at 1:11 pm

Freddie Mac is out with its U.S. Economic and Housing Market Outlook for March.  The GSE's report shows signs that the housing market is "awakening from its depression-like condition of ...
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Homebuilders Rally, Ignore Case-Shiller Drop (LEN, PHM, BZH, DHI)

Posted: March 27, 2012 at 3:13 pm

This morning’s report on the S&P Case-Shiller housing price index indicated that housing prices continue to fall in the US (our coverage here). Shortly before the January data was released, ...
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Freddie Mac Reports Single-Family Delinquency Rate Falls

Posted: March 27, 2012 at 12:33 pm

For the month of February, the percentage of single-family homes that were three or more months behind in payments fell to 3.57%, the first time since August 2011 that the ...
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Case-Shiller Real Estate Index Beaten Down

Posted: March 27, 2012 at 9:37 am

Whatever hope there has been for a real estate market recovery was crushed today and Case-Shiller issued its data for prices in the top 10 and top 20 markets.  Data ...
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Homebuilder Lennar Hammers Estimates (LEN)

Posted: March 27, 2012 at 8:03 am

Lennar Corp. (NYSE: LEN), one of the country’s largest homebuilders, today reported earnings for its first fiscal quarter ended February 29th. The company reported EPS of $0.08 on total revenue ...
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Case-Shiller On The Way

Posted: March 27, 2012 at 6:37 am

The S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis ...
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Pending Home Sales Still Look Rocky

Posted: March 26, 2012 at 10:13 am

What happened to all the reports about the bottom in the housing market?  The number of pending home buyers who have signed contracts to buy a house fell in February. ...
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Pending Home Sales Decline

Posted: March 26, 2012 at 10:13 am

The National Association of Realtors (NAR) this morning announced that its pending home sales index fell in February from January’s reading of 97.0 to 96.5. The consensus estimate for the ...
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New Homes Sales Wreck Housing Players (HD, LOW, ITB, XHB)

Posted: March 23, 2012 at 10:27 am

The housing data keeps coming in with a mixed fan-fare.  The new home sales in America for the month of February fell 1.6% to 313,000 versus a Dow Jones consensus ...
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KB Home Staggers as New Orders Decline (KBH)

Posted: March 23, 2012 at 8:54 am

Home builder KB Home (NYSE: KBH) was not expected to post a profit in its fourth quarter -- and it didn’t. The company reported a fourth-quarter EPS loss of -$0.59, ...
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US House Prices Unchanged in January

Posted: March 22, 2012 at 11:24 am

The US Federal Housing Finance Agency (FHFA) reported today that US house prices were unchanged between December 2011 and January 2012. The December change was reduced from a gain of ...
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Annaly Downgrade Highlights Mortgage REIT Sector Risks Ahead (NLY, MORT)

Posted: March 22, 2012 at 10:27 am

Annaly Capital Management Inc. (NYSE: NLY) is holding up rather well considering an analyst downgrade this morning.  The research team at Stern Agee lowered the Annaly rating down to Underperform ...
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Home Market Finds Foundation

Posted: March 21, 2012 at 10:19 am

The theory that the housing market has bottomed and may be at the start of a tentative recovery was supported by data release by the NAR. February numbers were the ...
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Mortgage Activity & Refinance Activity Already Cooling Off

Posted: March 21, 2012 at 7:10 am

Apparently the tick up in rates and the pull-forward of February housing purchases is taking a toll on mortgage on data.  The Mortgage Bankers Association has now reported that the ...
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