One Homebuilder That Still Needs to Get Well
Beazer USA Homes Inc. (NYSE: BZH) reported a third fiscal quarter net loss of $0.38 per share and $254.6 million in revenue before markets opened today. The net loss for the same period a…
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Newest first · Page 172MGIC Implosion After Earnings
MGIC Investment Corp. (NYSE: MTG) looks like it is visiting Implosion Row all over again after the mortgage insurer’s earnings report. The company reports that its second-quarter earnings came to a loss of $1.36…
Construction Spending Up 9% in First Six Months of 2012
Spending on construction rose 9% year-over-year in the first six months of 2012, according to the latest data from the U.S. Census Bureau. In June, spending rose to a seasonally adjusted annual rate of…
Analyst Cautions Lowe’s on Chasing the Buyout of Rona
Lowe’s Companies Inc. (NYSE: LOW) is making a mistake in its recently announced acquisition of the Canadian home improvement chain called Rona. At least that is the take of the analyst team at Janney…
Mortgage Applications Continue to Rise on Refinancing; Interest Rates Rise Slightly
The Mortgage Bankers Association released its weekly report on mortgage applications this morning, noting a 0.2% rise in the group’s composite index compared with last week’s total. Applications for refinancing rose 0.8% to the…
How Low Can Mortgages Go? New Record Lows All Over Again
Zillow has reported numerous times that the mortgage rates have hit another record low, but now it is looking almost silly if you have been in the housing economy for more than a couple…
FHFA Chief Says ‘No’ to Principal Reductions
The acting chief of the Federal Housing Finance Agency (FHFA), the regulator that oversees both Fannie Mae and Freddie Mac, has responded to requests from legislators related to the two mortgage agencies’ participation in…
Foreclosures Fall to Prerecession Levels
Research firm CoreLogic Inc. (NYSE: CLGX) has released its latest data on foreclosures in the United States for the month of June. The firm reports 60,000 completed foreclosures in June, compared with 80,000 in…
Case-Shiller: Housing Down Year-Over-Year
Although housing prices rose month-over-month from April to May, they fell year-over-year, according to S&P/Case-Shiller. Data through May 2012 for the S&P/Case-Shiller Home Price Indices showed that average home prices increased by 2.2% in…
Pending Home Sales Drop in June
The National Association of Realtors (NAR) this morning released its data on pending home sales in June. The index fell from a downwardly revised figure of 100.7 in May to 99.3 in June. Compared…
Homebuilder PulteGroup Beats EPS Estimate, Revenues Light
PulteGroup Inc. (NYSE: PHM) reported second-quarter adjusted earnings per share (EPS) of $0.11 and $1.07 billion in revenue this morning. Adjusted EPS were sharply up from a loss of $0.15 in the same period…
Foreclosure Activity Gets Ugly in First Half
A day after the Commerce Department said sales of new homes fell 8.4% last month from May to a seasonally adjusted annual rate of 350,000, real estate research firm RealtyTrac reported that first half foreclosures…
Ryland Homes Misses EPS, Beats Revenues
Ryland Group Inc. (NYSE: RYL) reported second-quarter EPS of $0.14 and $293.8 million in revenue after markets closed today. EPS was up from an EPS loss of -$0.24 in the same period a year…
New Home Sales Tumble in June; Mortgage Rates Fall
The U.S. Census Bureau this morning released data on new single-family home sales for June. Economists had been expecting a seasonally adjusted annual rate of 370,000, but the data came in far short at…
American Cities Where Homes Sell Fastest
Flickr, Images of MoneyHomes are selling faster in the majority of U.S. markets than they were a year ago, according to data released Tuesday. The report, which looked at the largest housing markets in…