*Euro/dollar at 9- month low, risks fall below $1.30. *Dollar/yen seen testing July peak of 103.15 yen. TOKYO, Aug 20- The dollar held firm near 11- month high against a basket of major currencies on Wednesday after strong U.S. housing data added to hopes of a firming recovery in the world's biggest economy.» Read More
DR Horton rose$. 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.
WASHINGTON, Aug 19- U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stock index futures advanced modestly on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and ahead of data on inflation and the housing market.
WASHINGTON— The Commerce Department reports on U.S. home construction in July. The report will be released at 8:30 a.m. Eastern time Tuesday. The National Association of Home Builders/Wells Fargo builder sentiment index rose in August to 55, up two points from a revised 53 for July.
The Standard& Poor's 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about rising tensions in Iraq and Ukraine. Home Depot, the nation's largest home improvement retailer, rose after raising its annual profit forecast following a strong spring selling season.
NEW YORK— Don Pardo,' Saturday Night Live' announcer whose voice was part of cultural fabric, dies at 96..
Treasury yields pulled away from recent lows on upbeat U.S. housing data and hopes of progress in the Ukraine crisis.
DR Horton rose$. 29 or 1.4 percent, to $21.13. Hovnanian Enterprises Inc. rose$. 25 or 6.3 percent, to $4.22. Lennar Corp. rose$. 61 or 1.7 percent, to $37.55.
*Dollar General offers to buy Family Dollar. NEW YORK, Aug 18- U.S. stocks surged on Monday, with the Nasdaq closing at a 14- year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave investors reasons to make bigger bets on the equity market.
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