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.» Read More
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.
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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 $39.86.
Existing home sales are up for the third straight month. CNBC's Diana Olick digs into June's home sales data.
DR Horton rose$. 43 or 1.8 percent, to $24.27. Hovnanian Enterprises Inc. rose$. 16 or 3.5 percent, to $4.59. Lennar Corp. rose$. 38 or 1.0 percent, to $39.72.
WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.
DR Horton rose$. 50 or 2.1 percent, to $24.34. Hovnanian Enterprises Inc. rose$. 10 or 2.1 percent, to $4.53. Lennar Corp. rose$. 65 or 1.7 percent, to $39.99.
WASHINGTON, July 22- U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent to an annual rate of 5.04 million units. "Things are flying pretty fast," said Lawrence Yun, the NAR's chief economist.
CNBC's Diana Olick breaks down the latest June existing home sales data.
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Jay Morelock, FTN Financial economist, shares his outlook on housing ahead of earnings this week by industry leaders PulteGroup and D.R. Horton.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to sustained momentum in the economy even as home building fell for a second straight month in June.
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