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 higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
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…
The three major US stock indexes opened higher this morning despite the refusal of the European Central Bank to lower its interest rates (our story here) and a lower-than-expected rise in US…
The three major US stock indexes opened lower this morning, but only the DJIA remained negative until the afternoon. Economic news from Europe was mixed ahead of a G7 meeting related to…
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…
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…
US stocks opened higher this morning following an in-line report from ADP on US employment gains. There was little economic news out today, but we can anticipate tomorrow’s report on new jobless…
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…
Earnings season is over for the most part, but we still have many widely held companies which are due to report earnings this week. We have compiled earnings previews for the following…
Earnings season is over for the most part, but we still have many companies that are widely held stocks due to release their earnings for the week ahead. We are tracking earnings…
New Jersey-base homebuilder Hovnanian Enterprises Inc. (NYSE: HOV) reported this morning that its preliminary net contracts for the three-months ended January 31st, rose by 27% year-over-year, from 850 to 1,079. The company…
Paul Ausick The National Association of Home Builders/Wells Fargo Housing Market Index rose 4 points, to 25, in December. That’s the highest index reading since June 2007, and the fourth consecutive monthly increase in…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Euro Tech Holdings Co. Ltd. (NASDAQ: CLWT), Net 1…
