DR Horton fell$. 09 or. 4 percent, to $21.80. Hovnanian Enterprises Inc. fell$. 04 or. 9 percent, to $4.28. Lennar Corp. rose$. 02 or. 1 percent, to $39.02.» Read More
DR Horton rose$. 08 or. 3 percent, to $21.90. Hovnanian Enterprises Inc. rose$. 04 or. 9 percent, to $4.32. Lennar Corp. fell$. 11 or. 3 percent, to $38.69.
LONDON, Aug 20- Copper rose to a one-week high on Wednesday as robust U.S. housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.
DR Horton rose$. 05 or. 2 percent, to $21.87. Hovnanian Enterprises Inc. rose$. 02 or. 5 percent, to $4.30. Lennar Corp. fell$. 21 or. 5 percent, to $38.59.
LONDON, Aug 20- Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.
*Euro/dollar at 9- month low, risks fall below $1.30. *Dollar/yen seen testing July peak of 103.15 yen. TOKYO, Aug 20- The dollar held firm near 11- month high against a basket of major currencies on Wednesday after strong U.S. housing data added to hopes of a firming recovery in the world's biggest economy.
DR Horton rose$. 69 or 3.3 percent, to $21.82. Hovnanian Enterprises Inc. rose$. 06 or 1.4 percent, to $4.28. Lennar Corp. rose $1.25 or 3.3 percent, to $38.80.
U.S. stocks gained Tuesday after investors got some encouraging news about home building, inflation and corporate earnings. Investors were encouraged by a bounce in home construction last month and news that consumer prices rose at the slowest pace in five months.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Home Depot Inc., up $4.64 to $88.23. Lennar Corp., up $1.25 to $38.80.
DR Horton rose$. 60 or 2.8 percent, to $21.73. Hovnanian Enterprises Inc. rose$. 08 or 1.9 percent, to $4.30. Lennar Corp. rose $1.26 or 3.3 percent, to $38.81.
Furthermore, the solid activity reported in new construction and by Home Depot Inc in its quarterly report on Tuesday may in part be due to activity delayed by bad weather in the first quarter.
CNBC's Diana Olick breaks down the story behind housing starts. Olick shows what areas of the U.S. saw the biggest jump in construction.
NEW YORK— U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings. Home Depot jumped 6 percent after its income surged thanks to a rebound in its spring selling season. Lennar and KB Home each rose 3 percent.
Discussing Home Depot's strong Q2 performance and growth across all geographies, with Peter Keith, Piper Jaffray senior analyst. Keith says investors will reward Home Depot for solid execution and strong management.
CNBC's Courtney Reagan breaks down Home Depot's strong quarter as the home improvement retailer beat on both the top and bottom lines.
CNBC's Mary Thompson reports the market is seeing early gains today as housing-related stocks rise after upbeat data and earnings in the sector.
NEW YORK— Better news on home building and corporate earnings are sending stocks higher. Home Depot rose 4 percent after reporting that its quarterly income surged thanks to a rebound in its spring selling season. Lennar and KB Home each rose 3 percent.
WASHINGTON, Aug 19- U.S. housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low for a while.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stocks were poised for a higher open on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and supportive economic data on inflation and the housing market.
CNBC's Jim Cramer breaks down Home Depot's strong Q2 earnings, and explains how the fantastic quarter could impact the Fed raising rates.
WASHINGTON— U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday.
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