*First drop in home prices since January 2012. NEW YORK, July 29- U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.» Read More
Homebuilder D.R. Horton fell 3 percent, making it one of the biggest decliners in the S&P 500.. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to sell itself.
WASHINGTON, July 28- Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, fell 1.1 percent to 102.7.
DR Horton fell$. 19 or. 9 percent, to $21.42. Hovnanian Enterprises Inc. fell$. 04 or. 9 percent, to $4.38. Lennar Corp. fell$. 55 or 1.4 percent, to $37.88.
SEOUL, South Korea— For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time.
DR Horton fell $2.86 or 11.5 percent, to $21.94. Hovnanian Enterprises Inc. fell$. 17 or 3.7 percent, to $4.46. Lennar Corp. fell $1.24 or 3.1 percent, to $39.27.
WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction. "The economy is doing better," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.
*D.R. Horton shares down 10 pct, PulteGroup down 3 pct. July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, said it had to offer discounts in the third quarter to boost sales in Chicago, a particularly bleak spot in a weak U.S. housing market.
The PHLX housing sector index fell 2.36 percent, with shares of D.R. Horton Inc, the No. 1 U.S. homebuilder, dropping more than 3 percent. D.R. Horton spooked investors on Thursday when it reported a 23- percent drop in third-quarter profit.
DR Horton fell $2.46 or 9.9 percent, to $22.34. Hovnanian Enterprises Inc. fell$. 14 or 3.0 percent, to $4.49. Lennar Corp. fell $1.05 or 2.6 percent, to $39.46.
DR Horton fell $1.30 or 5.2 percent, to $23.50. Hovnanian Enterprises Inc. fell$. 08 or 1.6 percent, to $4.56. Lennar Corp. fell$. 90 or 2.2 percent, to $39.61.
NEW YORK, July 24- The S&P 500 hit a record high for a third straight session on Thursday, lifted by jobs data and earnings, but a weak reading in new home sales kept other key stock indexes little changed.
*Weekly jobless claims fall 19,000. WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.
WASHINGTON— Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday.
WASHINGTON, July 24- Sales of new U.S. single-family homes fell sharply in June and the prior month's data was revised to show less robust growth, suggesting the housing market would struggle to regain momentum.
July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 23 percent slump in third-quarter profit, hurt by an impairment charge, mainly on properties in the weak Chicago market. D.R. Horton reported a 15 percent drop in home deliveries in both the Midwest and the Southwest in the quarter ended June 30.
"We're past the bottom in mining for sure," Caterpillar's CEO tells CNBC.
July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 28 percent rise in third-quarter homebuilding revenue and the company said orders rose 25 percent. Homebuilding revenue rose to $2.10 billion in the quarter ended June 30 from $1.64 billion, a year earlier.
July 24- U.S. homebuilder PulteGroup Inc reported a 15 percent rise in quarterly profit as it sold homes at higher prices, but said orders fell 2.2 percent. Net income rose to $41.9 million, or 11 cents per share, in the second quarter ended June 30, from $36.4 million, or 9 cents per share, a year earlier.
WASHINGTON— The Commerce Department reports on sales of new homes in June. The report will be released at 10 a.m. Eastern on Thursday. The National Association of Realtors reported that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.
DR Horton rose$. 46 or 1.9 percent, to $24.30. Hovnanian Enterprises Inc. rose$. 16 or 3.6 percent, to $4.59. Lennar Corp. rose$. 52 or 1.3 percent, to $39.86.
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