Fannie Mae Delinquencies Keep Rising (FNM, FRE)
It seems that the end of the recession notices via positive GDP has not reached Main Street America, at least as far as paying for their single-family house. Fannie Mae (NYSE: FNM) has just…
Housing
All Housing Articles
Newest first · Page 199Almost 25% Of Homes Are Underwater
By Douglas A. McIntyre There have been a number of attempts to come up with a figure about how many U.S. home mortgages are underwater — in other words, the value of the home…
NABE Recession-end: Stocks Gains, Dollar & Bond Losses in 2010
The November 2009 NABE Outlook, compiled by the National Association for Business Economics, has a new outlook for the rest of 2009 and 2010 based on data taken October 24 to November 5. The…
Mortgage Loan Deliquencies Move Up Toward All-Time Record
Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the 11th straight quarter, hitting an all-time national average high of 6.25 percent for the third quarter of 2009,…
Lowe’s (LOW): Hope Gets In Your Eyes
One word from a CEO can obscure an entire earnings reports. Home improvement giant Lowe’s (NYSE:LOW) reported lackluster earnings. However, its chief Robert A. Niblock said, “We are beginning to see signs of improved performance…
Earnings Duel on Deck: Lowe’s vs. Home Depot (LOW, HD)
This week’s earnings calendar is going to be dominated by retail earnings. Early in the week you have the home improvement and building material wars with earnings first out of Lowe’s Companies Inc. (NYSE: LOW)…
Beazer Files to Raise $750 Million (BZH)
Beazer Homes USA, Inc. (NYSE: BZH) has just filed a mixed securities shelf registration that will allow it to sell securities in the amount of up to $750 million. This will allow Beazer and…
The Foreclosure Rate Abates
Foreclosure rates may have leveled off, but it would be a mistake to count on that being a long-term trend. New data from RealtyTrac shows foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions —…
Housing Speculation On The Rise
According to a recent survey conducted by Move.com the some people interested in purchasing real estate as an investment has doubled since March 2009. The results show that this growth has been driven by falling housing prices and…
Housing Sales Rise, But Prices Continue to Drop
The National Association of Realtors is out with its Q3 data on home sales. As you would expect, there is some positive data and some cautious data. The group reported that most states continued…
24/7 Wall St. TV: Homeowners Faced With Foreclosure Can Rent Their Own Homes
The government’s many programs to keep the number of mortgage defaults from growing has grown by one. The new Dead for Lease program will allow some homeowners who face foreclosure to turn their homes over…
Stanley Wants Bigger Tool Works (SWK, BDK, SNA)
The tool sector for builders and home repair is about to get a lot smaller for investors looking for diversification of company choices to invest in. The Stanley Works (NYSE: SWK) and The Black…
New Home Sales Highlight Softness (XHB, ITB, DHI, LEN)
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 credit, but…
Home Builders Already Cautious, Get More Cautious (XHB, ITB)
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 with already…
Foreclosures Hit Quarterly Record Giving Housing Market No Hope
There may be some signs of a sharply improving economy. The FOMC notes released yesterday show that the Fed believes that GDP will start to pick up quickly next year. The housing market is…