New Homes Sales Wreck Housing Players (HD, LOW, ITB, XHB)
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 325,000. January…
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Newest first · Page 179KB Home Staggers as New Orders Decline (KBH)
Home builder KB Home (NYSE: KBH) was not expected to post a profit in its fourth quarter — and it didn’t. The company reported a fourth-quarter EPS loss of -$0.59, more than twice as…
US House Prices Unchanged in January
The US Federal Housing Finance Agency (FHFA) reported today that US house prices were unchanged between December 2011 and January 2012. The December change was reduced from a gain of 0.7% to a gain…
Annaly Downgrade Highlights Mortgage REIT Sector Risks Ahead (NLY, MORT)
Annaly Capital Management Inc. (NYSE: NLY) is holding up rather well considering an analyst downgrade this morning. The research team at Stern Agee lowered the Annaly rating down to Underperform from an already-cautious rating…
Home Market Finds Foundation
Flickr, Images of MoneyThe theory that the housing market has bottomed and may be at the start of a tentative recovery was supported by data release by the NAR. February numbers were the best…
Mortgage Activity & Refinance Activity Already Cooling Off
Apparently the tick up in rates and the pull-forward of February housing purchases is taking a toll on mortgage on data. The Mortgage Bankers Association has now reported that the number of mortgage applications…
Housing Starts Slightly Lower than Forecast
The US report on February housing starts shows that the seasonally adjusted annual rate fell -1.1% from January’s revised estimate of 706,000 to 698,000. The consensus estimate for February housing starts was 706,000. Compared…
Homebuilders Confidence Weak, But Steady
The National Association of Home Builders (NAHB)-Wells Fargo Housing Market Index for March came in at 28, unchanged from its revised reading for February. The index has increased for five consecutive months, and is…
Worst Real Estate Markets Show Little Improvement
Flickr, Images of MoneyRealtyTrac released its monthly measures of foreclosure activity. Foreclosure filings dropped 8% from February of last year to 206,900. While the move could be called an improvement, 2.5 million homes likely…
Housing Problems Depend on the House
News about the housing market leads many Americans to think that no one was spared in the downturn. That is not so. While 20% of mortgages are underwater, 80% are not. Many homes bought…
States Sunk by Underwater Mortgages
Wikimedia, public domainAs home prices continue to slide, more and more homeowners find themselves owing more on their homes than those houses are worth. The slowing level of foreclosure activity last year only exacerbated…
Should Dividend Investors Chase Apartment REITS? (EQR, AVB, UDR, CPT)
If there is one beneficiary in a recovery where so many people were forced out of the housing market, it is apartment complex owners. Not everyone can live with their parents, and there have…
Foreclosed Homes Sales — 50% Off
Some 24% of the homes sold in the U.S. during the fourth quarter were in some stage of foreclosure, according to Realtytrac. The firm’s 2011 U.S. Foreclosure Sales Report also reported that: The average…
States with the Most Miserable Housing Markets
Home prices fell in December to the lowest levels since the housing crisis began in mid-2006, according to the Standard & Poor’s Case-Shiller Home Price Index. While other housing statistics certainly suggest that a…
Economic Report To The President–Not Much Substance
Close to the beginning of 443 pages of analysis by the Council of Economic Advisors called the “Economic Report from The President” was this observation: This is a make-or-break moment for the middle class, and for all those…