Hopes for a recovery in homebuilding have picked up recently, primarily as a result of pent-up demand for new household formation. All those college grads who moved back in with their parents…
The housing market is supposed to be doing better and the lack of a new recession is supposed to have helped to put in a floor under what had been consistently falling…
Homebuilder PulteGroup Inc. (NYSE: PHM) is leading homebuilding stocks into another trough today following a downgrade from S&P Capital IQ to ‘Strong Sell’. MarketWatch cites an analyst’s comment on Pulte that likely…
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, homebuilder Lennar…
US equities opened higher this morning following the report on a US non-farm payroll gain of 227,000 jobs (more coverage here). In Europe, the Greek debt swap deal went off smoothly, but…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Arch Coal, Inc. (NYSE: ACI) Cut to Market Perform at BMO. Cabela’s, Inc.…
D.R. Horton, Inc. (NYSE: DHI) rarely makes a splash on the most active option contracts. So when you see a contract volume of 70,186 contracts traded in the April 2012 $14.00 Put…
Of all the big US homebuilders, Hovnanian Enterprises Inc. (NYSE: HOV) has been one of the most troubled. But the company’s first fiscal quarter earnings report might represent a small step in…
Toll Brothers Inc. (NYSE: TOL) is softening after its net loss rather than a small gain expected. There is more to this than just an earnings story. What is really the driving…
Homebuilder DR Horton Inc. (NYSE: DHI) posted EPS of $0.09 this morning, beating the consensus estimate of $0.04 and smashing an EPS loss of -$0.06 in the same period last year. The…
Paul Ausick US home prices fell -1.4% month-over-month in November and -4.3% year-over-year according to the latest report from research firm CoreLogic. The year-over-year drop in October was -3.7%. The declines come following some…
The monthly S&P/Case-Shiller Home Price Indices for the month of October were released this morning, and the results failed to meet already low expectation. The annual decline in home prices in the…
Stocks in homebuilders have been down so low for so long that almost anything look like up. Recent earnings releases have indicated that new orders are improving, but much of the improvement…
Mortgage interest rates remain historically low, but buyers are either unwilling or unable to take advantage of the low rates. After three straight weeks of increases in mortgage applications, borrowers backed off…
The markets got off to a strong start this morning, and stayed that way throughout the day. The dollar weakened against the euro and yen as currency traders seem to believe that…
