Credit Suisse has issued a new coverage rating systems for its homebuilder universe. These are some of the calls we saw in the sector: Centex (NYSE: CTX), DR Horton (NYSE: DHI), and KB Home…
MacroMarkets LLC has announced that its subsidiary MacroShares Housing Depositor has now filed with the Securities and Exchange Commission for exchange-traded securities that will allow investors to invest in the upward and the inverse…
Overstock.com, Inc. (NASDAQ: OSTK) has announced its official debut of its real estate search application through the O-Hot Value Indicator. The company site can be accessed at http://realestate.overstock.com. Overstock believes the site is unique…
Sherwin-Williams Co. (NYSE: SHW) is under trading pressure this morning based on an earnings warning the company issued in pre-market hours. The paint and coatings company cited lower sales, housing woes, and of course…
The case for housing and home building stocks may be this simple. When smart money comes into the industry, the bottom should be near. Unless smart money has an idiot fringe, an outpost of…
The inventory of homes in the US is at the highest level since 1985, measured by average months on the market. According to Reuters "inventories of unsold homes rose measurably, surging 10.5 percent to…
The Pimco Total Return, run by highly-worshiped bond manager Bill Gross, is putting most of its chips into mortgage debt. The fund, which manages $130 billion, is counting on the federal government to make…
The housing market in Brazil operates in a what which is beyond the wildest dreams of US homebuilders. The sector has very little leverage. A number of government programs help people obtain mortgages. The…
This morning the earnings report out of Lowe’s Companies Inc. (NYSE: LOW) has taken shares lower. The housing materials and hardware giant saw a near-18% drop in earnings and its numbers came in at…
This week we’ll get to see earnings out of home improvement giants Lowe’s Companies Inc. (NYSE: LOW) and Home Depot Inc. (NYSE: HD). Lowe’s Companies Inc. (NYSE: LOW) reports earnings on Monday. First Call…
The housing and subprime mortgage market claimed another victim today as Fannie Mae (FNM) reported a dismal quarter, cut its dividend and said it would raise $6 billion. Fannie Mae says it lost $2.2…
A WVFC interview with Deutsche Bank’s Karen Weaverby Elaine Lafferty We kept hearing about this woman named Karen Weaver, a top Wall Street analyst, who correctly sounded the alarm three years ago about the…
Lewis Ranieri, one of the people who started the financial systems for the current mortgage market, believes that they system is worse off than most people know. According to Reuters, "I think the actual…
Meritage Homes Corporation (NYSE: MTH) priced offering of 4 million common shares at $20.50 per share after market close yesterday. The proceeds to the homebuilder from the $82 million offering will be used for…
Housing prices are down across the US. Perhaps it is appropriate that it is in the world’s capital of gambling that they are down the most. According to Bloomberg, home prices in "Las Vegas…