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…
Markets opened lower this morning following some reversals in Europe, not the least of which is the coming French presidential election. PMI readings from Europe and China were also weak. Asian and…
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…
