The economic data on the housing front seems to have very little to cheer about. Maybe there is some hope on pending sales today, but actual sale closings in existing homes and…
PulteGroup, Inc. (NYSE: PHM) is often thought of by many as the bogey of the US Homebuilding sector. If so, the company is giving a forecast that might mean profits in 2010…
New home sales in December went back the wrong way, which was largely expected considering the data we had already seen from the housing sector in the last week. The problem is…
Beazer Homes USA Inc. (NYSE: BZH) was weak earlier because of its proposed secondary offering that will add to dilution of shareholders. This morning the company’s secondary offering of 19,500,000 shares of…
Moody’s Investors Service has raised the bias and outlook on the U.S. homebuilder sector this morning. Its report was titled “U.S. Homebuilding Industry Shows Signs of Stability” and the ratings agency raised…
The Commerce Department has just shown a report that new home sales for the month of September turned south. This may increase the call for that first time home buyer $8,000.00 tax…
The prior data out of the National Association of Home Builders had been improving for three consecutive months. New data for October came out today showing that the index slipped. The problem…
This morning’s July data for existing home sales, or used homes, posted another gain and this makes it the fourth consecutive month, according to the National Association of Realtors. This created more…
The Commerce Department’s data on new home sales did not just rise in June for a third straight month. The new home sales rose sharply. The headline number came in at an…
Douglas A. McIntyre It looks like the NAHB survey of homebuilders are again feeling a bit “less-bad” than in recent surveys. The survey for July shows a reading of 17, up from 15 in June. …
The confidence among home builders looked like it was creeping higher, but the most recent data from the National Association of Home Builders showed a decrease in June. This drop put the…
The new home sales data is showing a very mixed bag, with a bit of a positive twist to it. We are seeing a run up in the SPDR S&P Homebuilders (NYSE:…
We won’t bother telling you about the homebuilder merger this morning, because we already covered it once. But in a down and out sector, you will see that traders are looking to…
There was another positive number on new home sales data for the month of February. It looks like new home sales came in UP 4.7% at 337,000 annualized units. The SPDR S&P…
Lennar Corp. (LEN-NYSE) reports earnings on Tuesday. The company is expected to post a sharp drop-off after the company had already withdrawn guidance. FirstCall has estimates at $0.05 EPS on very wide…
