The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009. It also noted that the Mortgage Bankers Association’s most recent data shows some 12%…
Douglas A. McIntyre The Commerce Department data for April’s new home sales looks good on the surface, but there are perhaps more problems than there are winners here. On an annualized basis, there were 352,000…
Douglas A. McIntyre If you are an investor or a buyer in the market for a new home or if you are a homebuilder, there may be some good news after waves and waves of…
Douglas A. McIntyre There is some good news on the housing front, although this “good news” may only be a relative issue and we are having to go back to February in this data. The…
Douglas A. McIntyre 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…
Pulte Homes, Inc. (NYSE: PHM) is acquiring Centex Corporation (NYSE: CTX) in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. The deal has been unanimously approved by…
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…
You probably already figured that the increase in existing home sales was due to foreclosure, pre-foreclosure, and other distressed sales. Today, Ryland Group Inc. (NYSE: RYL) had an interesting SEC Filing. While…
Standard Pacific Corp. (NYSE: SPF) is doing something some might not expect out of a homebuilder. It filed to raise up to $600 million by issuing securities and debt to fund the…
Douglas A. McIntyre If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed…
Everyone knew homebuilders would turn one day and when they turned it would be fast and in a flurry of buying volume. Much of this may attributed to short covering, but much…
Everyone keeps predicting one or more of the large US Homebuilders is going to implode because of their overbuilding and inability to sell new units at their old highly profitable margins. Most…
Lennar Corp. (NYSE:LEN) is set to report earnings on Tuesday, September 25, 2007. If you can find any great positive calls ahead of this it is only from an analyst named Pangloss. …
Douglas A. McIntyre Stock Tickers: CTX, DHI, KBH, LEN, RYL, MHO, BECN, BLDR, MAS, XHB After a mid-day review of 52-week lows, there was one obvious group that makes this list now more frequently than…
