Things may still be difficult in America, but Germany’s Info Institute gave a German sentiment reading that was not just above expectations. It grew to the highest level in 3 years. This…
Sometimes logic can’t be used when trading economic data and stocks. The National Association Of Realtors report shows a drop of about 27% this morning for July’s existing home sales fell to…
Mergers are headed the way of smaller homebuilders. That is the take from Citi. The firm is looking at several companies in the sector and it featured Beazer Homes USA Inc. (NYSE:…
Defying all the mediocre views of the US housing market, PulteGroup Inc. (NYSE:PHM) reported EPS of $0.20 on revenue of $1.3 billion. Analysts had been expecting an EPS loss of -$0.01 on…
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…
Bank of America/Merrill Lynch has initiated coverage of the homebuilder sector this morning. Technically this is a resumption of coverage. While some are positive calls, there are still some cautious undertones here…
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…
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…
These are this morning’s top day trader alerts and most active in price and volume. We have more detailed analysis and data on price and volume with links through to each at…
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…
Traders are lightly selling Hovnanian Enterprises Inc. (NYSE: HOV) and Toll Brothers Inc. (NYSE: TOL) after the two homebuilders reported earnings between yesterday’s close and this morning’s open. The news is also…
