ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index rose by three points from a downwardly revised 56 in July to 59 in August. Last month’s reading had been the…
ThinkstockInterest rates are rising and the 30-year mortgage just hit a 12-month high. Rising rates will eat up your spending power and erode the value of your fixed income investments. So, will…
ThinkstockBy now you are likely well aware that the housing crisis is not just over. The housing market is undersupplied and many markets are experiencing huge booms in their pricing. Many economists preach…
ThinkstockWe have written at great length about the resurgence of homebuilding in the United States. Like any other sector, if you go long enough without production, demand catches up with supply. Doomsday…
Interest rates are nearly zero and the Federal Reserve has pledged to keep them that way until unemployment reaches 6.5% and as long as inflation does not get to a level that…
Flickr, Images of MoneyThe resolution for the fiscal cliff remains elusive. The politicians hate each other too much to be rational. If one sector has a lot to lose as the country…
ThinkstockThe bad timing of Wall St. analysts is legendary. As the implosion of the subprime mortgage credit market mirrored the collapse in residential and commercial market real estate values in late 2008…
ThinkstockElection Day has come and gone. President Obama won a second term. The current electoral vote was by a margin of about 3 to 2 (unofficial), but the percentage last seen was…
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…
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…
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…
The housing data keeps coming in with a mixed fan-fare. The new home sales in America for the month of February fell 1.6% to 313,000 versus a Dow Jones consensus target of…
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…
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…
