The housing market recovery has been one of the U.S. economy’s brighter stories this year. Now, Fitch Ratings says that the recovery is even better than we thought. In its latest research…
Hovnanian Enterprises Inc. (NYSE: HOV) may have been the hardest hit of all the publicly traded homebuilders since the housing market collapse began in 2007. The share price dipped below a dollar…
Share prices for homebuilders’ stocks began rising at the beginning of the year and all but two of the homebuilders we looked at in our value search have doubled share prices in…
The three major US stock indexes opened lower this morning after Japan reported an unexpected plunge in its exports in July (our coverage here). In Europe there was not economic news out…
The National Association of Realtors (NAR) reported this morning that existing home sales rose by 2.3% to a seasonally adjusted annual rate of 4.47 million units in July compared with 4.37 million…
Paul Ausick Toll Brothers Inc. (NYSE: TOL) reported third fiscal quarter earnings per share (EPS) of $0.36 on $543 million in sales before markets opened this morning. In the same period a year ago,…
Paul Ausick The three major US stock indexes opened higher this morning but by early afternoon all three had gotten stuck solidly in the red. The higher opening reflected little data and some new…
While most earnings have already been announced, we have a significant number of sector leaders reporting earnings this week. We have taken the Thomson Reuters consensus earnings per share and revenue estimates…
The three major US stock indexes opened mixed this morning following a wealth of data on the Chinese economy. The short version is that the economy is slowing so much and inflation…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Allscripts Healthcare Solutions (NASDAQ: MDRX) raised to Overweight at JPMorgan. American Electric…
Signs of a recovery in the US housing market are everywhere. The National Association of Homebuilders/Wells Fargo housing market index is just the latest signal. The index rose 6 points in July,…
The three major US stock indexes opened sharply lower this morning following a tepid report on US job growth. The US economy managed to create just 80,000 jobs in June, below the…
The signals are multiplying that a recovery in home construction is taking place. Earlier this week the S&P Case-Shiller housing price index showed a gain for the first time in seven months.…
Homebuilder Lennar Corp. (NYSE: LEN) reported second quarter earnings today that handily beat both EPS and revenue estimates. Excluding a one-time tax gain, the company posted EPS of $0.21 compared with a…
Investors have been chasing up the housing stocks higher and higher over the last year. The economy is only just now seeing a better housing market and foreclosures and the shadow inventory…
