SAO PAULO, July 31- Brazilian homebuilder PDG Realty SA reported a second-quarter net loss of 135.3 million reais, larger than the 104.9 million reais loss posted a year earlier, according to a Thursday securities filing. Five analysts in a Reuters survey had forecast a second-quarter net loss ranging from 10 million to 42 million reais.» Read More
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.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON, July 17- U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013.. Groundbreaking declined 9.3 percent to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September, the Commerce Department said on Thursday.
CNBC's Diana Olick reports the latest home builder confidence data.
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