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…
Beazer Homes USA, Inc. (NYSE: BZH) and PulteGroup, Inc. (NYSE: PHM) are seeing two different reactions after earnings. Beazer’s recent order growth came at a price against margins. It had 31% order growth…
Earnings season is still upon us. There are going to be many big earnings reports Thursday and we would consider Thursday as the climax for the companies reporting their normal fourth quarter…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Amgen Corporation (NASDAQ: AMGN) Cut to Neutral at JPMorgan. Comerica…
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…
Homebuilder PulteGroup Inc. (NYSE: PHM) has sold a 1,700 acre parcel of land originally set to be a master planned community of about 1,500 homes near Denver. The land was sold in…
Paul Ausick 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 collapse of the US housing market has been among the most stubborn problems facing the US economy for the past four years. Construction jobs have vanished, home values have plummeted, and…
Our look at stock target prices focuses on homebuilders and home improvement stores today. It is not news that U.S. homebuilders have had a very tough few years. In the past five…
The number of foreclosures filed in the third calendar quarter of 2011 totaled 610,337, an increase of less than 1% from the second quarter and a drop of 34% from the same…
Despite a near-compulsive search for good news from the US housing market, nearly every story contains more than enough dismal news to outweigh whatever good news there is. Generally the news starts…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Apple, Inc. (NASDAQ: AAPL), Micron Technology, Inc. (NASDAQ: MU), Pultegroup, Inc. (NYSE:…
