Hovnanian (HOV) the big home builder, recently ran a sale on a number of its houses in selected areas across the country. According to The Washington Post "the largest discounts were on the most…
We had two pieces of news today in the housing sector, and neither one of which were given a cheer. KB Home (KBH) issued earnings today and the losses were wide, but they are…
Lennar posted earnings and as expected these were just ugly. The loss was $3.25 per share after charges, although this includes charges of $3.33 per share. Revenues were $2.34 Billion. Lennar’s home sale revenue…
Lennar (LEN), one of the largest home-builders, reported a third quarter net loss in 2007 of $513.9 million, or $3.25 per diluted share, compared to third quarter net earnings of $206.7 million, or $1.30…
Lennar Corp. (NYSE:LEN) is set to report earnings on Tuesday, September 25, 2007. If you can find any great positive calls ahead of this it is only from an analyst named Pangloss. If the…
Hovnanian (HOV), the home builder, is going to have a three day sale this week. It would be more accurate to say that they will be giving the houses away, at least from a…
Stock Tickers: CTX, DHI, KBH, LEN, RYL, MHO, BECN, BLDR, MAS, XHB After a mid-day review of 52-week lows, there was one obvious group that makes this list now more frequently than it does…
Accredited Home Lenders Holding Co. (NASDAQ:LEND) has issued a press release saying that it has entered into an agreement to trade approximately $1 billion of loans under a 90-day purchase agreement with an investor…
Luminent Mortgage Capital Inc. (NYSE:LUM) and Arco Capital Corporation Ltd. have entered into a Letter of Intent outlining current and proposed transactions intended to address Luminent’s current liquidity issues that arose due to unanticipated…
Lowe’s Companies (NYSE:LOW) reports earnings on Monday and First Call estimates put earnings at $0.61 EPS on revenues of $14.1 Billion. Estimates for the following quarter are $0.47 EPS on revenues of $12.1 Billion.…
Home Depot (NYSE:HD) broke the news this morning that it is in discussions with private equity firms Bain Capital, Caylyle, and with Clayton Dubilier & Rice over restructuring its previously agreed to sale of…
This morning we saw earnings out of some of the key homebuilder stocks. These numbers are almost immaterial as they are sloppy and results are all over the place and as no one is…
On today’s STOP TRADING segment on CNBC, Jim Cramer addressed the homebuilders all being up based on the rumors that Warren Buffett’s Berkshire Hathaway (NYSE:BRK/A). Cramer said it would more likely be Pulte Homes…
There have been market rumors today that Warren Buffett’s Berkshire Hathaway could be buying a stake in Hovnanian Enterprises Inc. (NYSE:HOV). The truth is that anything is possible, particularly since Buffett likes businesses that…
Lennar Corp. (LEN-NYSE) reports earnings on Tuesday. The company is expected to post a sharp drop-off after the company had already withdrawn guidance. FirstCall has estimates at $0.05 EPS on very wide range with…