ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.6% month-over-month in December following a downward revision of the November housing price index to a gain of 0.4%. For…
ThinkstockThe S&P/Case-Shiller home price index for December was higher for the ninth consecutive month. The 20-city composite rose 6.8% year-over-year in December, in line with the consensus estimate, and well above the November increase…
ThinkstockThe Home Depot Inc. (NYSE: HD) reported fourth-quarter 2012 adjusted diluted earnings per share (EPS) of $0.67 and $18.2 billion in revenues before markets opened this morning. In the same period a year ago,…
ThinkstockLowe’s Companies Inc. (NYSE: LOW) reported fourth-quarter diluted earnings per share (EPS) of $0.26 and $11.05 billion in revenues before markets opened this morning. In the same period a year ago, the home improvement…
ThinkstockThe homebuilding stocks were battered this week when luxury builder Toll Brothers Inc. (NYSE: TOL) released lower-than-expected earnings despite reporting revenues that were up 32% from last year. Does this mean that the homebuilding…
ThinkstockThe delinquency rate for mortgage loans fell to its lowest level since 2008 at the end of the fourth quarter of 2012. The seasonally adjusted delinquency rate of 7.09% was down 31 basis points…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in January rose 0.4% to 4.92 million from a downwardly revised total of 4.9 million in December.…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in January slipped to an annual seasonally adjusted rate of 890,000, a sharp decrease of…
ThinkstockToll Brothers Inc. (NYSE: TOL) reported first-quarter fiscal 2013 results before markets opened this morning. The luxury home builder reported quarterly diluted earnings per share (EPS) $0.03 on revenues of $424.6 million. In the…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decrease of 1.7% in the group’s seasonally adjusted composite index, following a drop of 6.4% for the previous…
ThinkstockFollowing about 10 months of mostly steady improvement in share prices, growth has flattened out a little in the homebuilders’ stocks. Upbeat reports on the state of the housing market, historically low interest rates,…
ThinkstockThe National Association of Homebuilders (NAHB)/Wells Fargo housing market index fell by a point in February to 46. The January reading was the highest for the index since April 2006. An index reading below…
wikimedia commonsForeclosure trends have continued to improve for homeowners with troubled loans, another sign that housing has begun to mend. Most recent information on the market that has been crippled since 2006 show things have started…
ThinkstockThe recession and the housing bust are getting farther and farther away and must be part of everyone’s distant memory. A company called Taylor Morrison Home Corporation is soon to come public in an…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a decrease of 6.4% in the group’s seasonally adjusted composite index, following a rise of 3.4% for the previous…