May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.» Read More
DR Horton fell$. 50 or 1.8 percent, to $26.53. Hovnanian Enterprises Inc. fell$. 09 or 2.7 percent, to $3.27. Lennar Corp. fell $1.18 or 2.4 percent, to $47.23.
Shares of PulteGroup Inc. and Meritage Homes Corp. were hit particularly hard after they reported disappointing first-quarter results Thursday. PulteGroup's stock shed $1.52, or 7 percent, to $20.17 in afternoon trading. Elsewhere, shares of Beazer Homes USA Inc. fell 47 cents, or 2.5 percent, to $17.68.
DR Horton fell$. 80 or 2.9 percent, to $26.24. Hovnanian Enterprises Inc. fell$. 04 or 1.2 percent, to $3.32. Lennar Corp. fell $1.04 or 2.1 percent, to $47.37.
NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Fluor rose$. 42 or. 7 percent, to $60.60. Quanta Services Inc. rose$. 17 or. 6 percent, to $29.18.
The Commerce Department said Thursday that new-home sales fell 11.4 percent last month to a seasonally adjusted annual rate of 481,000. This marks a swift reversal from an annual sales pace of 543,000 in February, which had been the strongest performance in seven years. "The pace is sluggish, but the trend in new home sales is still higher, said Jennifer Lee, a...
WASHINGTON, April 23- New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/ 2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market. The Commerce Department said on Thursday sales declined 11.4 percent to a seasonally adjusted annual rate of 481,000 units. That was the biggest percent...
NEW YORK— U.S. stocks are opening slightly lower following disappointing earnings news from a major homebuilder and other companies. PulteGroup sank 9 percent in early trading Thursday, the most in the Standard& Poor's 500 index, after reporting quarterly income that was well below what Wall Street analysts were expecting. Railroad operator Union Pacific and...
COLUMBUS, Ohio _ M/I Homes Inc. on Thursday reported first-quarter earnings of $9.6 million. M/I Homes shares have climbed slightly more than 3 percent since the beginning of the year. Keywords: M/I Homes, Earnings Report.
WASHINGTON— The Commerce Department reports on March sales of new homes Thursday at 10 a.m. Eastern. Building permits for homes fell 5.7 percent in March from February to an annual rate of 1.04 million, the Commerce Department reported last week. The National Association of Home Builders/Wells Fargo builder sentiment index increased four points to 56 in April.
NEW YORK— Shares of some top construction companies were mixed at the close of trading:. Fluor rose$. 43 or. 7 percent, to $60.18. Quanta Services Inc. fell$. 16 or. 5 percent, to $29.01.
DR Horton fell $1.53 or 5.4 percent, to $27.03. Hovnanian Enterprises Inc. fell$. 08 or 2.3 percent, to $3.36. Lennar Corp. fell$. 73 or 1.5 percent, to $48.41.
NEW YORK— Shares of some top construction companies are mixed at 1 p.m.:. Fluor rose$. 25 or. 4 percent, to $60.00. Quanta Services Inc. fell$. 19 or. 7 percent, to $28.98.
DR Horton fell $1.76 or 6.2 percent, to $26.80. Hovnanian Enterprises Inc. fell$. 05 or 1.5 percent, to $3.39. Lennar Corp. fell$. 54 or 1.1 percent, to $48.60.
WASHINGTON, April 22- U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season. The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the...
April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported its slowest growth in average selling prices in over three years and the company forecast a drop in gross margins for the current quarter as it sells more lower-priced homes. D.R. Horton said sales in its lower-margin' Express' homes business, which caters mainly to first-time home buyers, are expected...
NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Fluor fell$. 19 or. 3 percent, to $59.56. Quanta Services Inc. fell$. 17 or. 6 percent, to $29.00.
DR Horton fell$. 57 or 2.0 percent, to $27.99. Lennar Corp. fell$. 10 or. 2 percent, to $49.04. Pulte Homes Inc. fell$. 16 or. 7 percent, to $22.05.
April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 30 percent jump in orders as the spring selling season got off to a strong start. "The spring selling season at D.R. Horton is off to a strong start... The company's net income rose to $147.9 million, or 40 cents per share, in the quarter ended March 31, from $131 million, or 38 cents per share, a year earlier.
April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 38 percent rise in quarterly revenue and a 30 percent jump in orders as the spring selling season got off to a strong start. Homebuilding revenue rose to $2.32 billion from $1.68 billion as homes sold rose 33 percent to 8,243.. The company's net income rose to $147.9 million, or 40 cents per share, in the...
NEW YORK— Shares of some top construction companies were down at the close of trading:. Fluor fell$. 01 or percent, to $59.75. Quanta Services Inc. fell$. 15 or. 5 percent, to $29.17.