Homebuilders
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Jed Kolko, Trulia chief economist, reveals the results of its latest report on housing and credit, explaining that they found in most of the country, "prices are below "their fundamental value."
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DR Horton rose$. 20 or. 7 percent, to $27.35. Hovnanian Enterprises Inc. rose$. 01 or. 2 percent, to $6.09. Lennar Corp. rose$. 56 or 1.3 percent, to $43.24.
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DR Horton rose$. 06 or. 2 percent, to $27.21. Hovnanian Enterprises Inc. rose$. 03 or. 5 percent, to $6.11. Lennar Corp. rose$. 29 or. 7 percent, to $42.97.
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DR Horton fell$. 04 or. 1 percent, to $27.11. Hovnanian Enterprises Inc. fell$. 03 or. 5 percent, to $6.05. Lennar Corp. rose$. 10 or. 2 percent, to $42.78.
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DR Horton rose$. 33 or 1.2 percent, to $27.15. Hovnanian Enterprises Inc. rose$. 09 or 1.5 percent, to $6.08. Lennar Corp. rose$. 28 or. 7 percent, to $42.68.
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DR Horton rose$. 27 or 1.0 percent, to $27.09. Hovnanian Enterprises Inc. rose$. 13 or 2.2 percent, to $6.12. Lennar Corp. rose$. 33 or. 8 percent, to $42.73.
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*Homebuilder PDG posts worse-than-expected $37 mln Q1 loss. SAO PAULO, May 10- PDG Realty SA, one of Brazil's biggest homebuilders, posted a worse-than-expected first quarter loss on Friday, as the company cut back new projects to focus on deliveries and unsold inventory.
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DR Horton rose$. 30 or 1.1 percent, to $27.12. Hovnanian Enterprises Inc. rose$. 12 or 2.0 percent, to $6.11. Lennar Corp. rose$. 36 or. 8 percent, to $42.76.
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SAO PAULO, May 10- PDG Realty SA, one of Brazil's biggest homebuilders, posted a first-quarter net loss of 73.8 million reais on Friday, as it continued to scale back operations and bring costs under control. Two of four analysts surveyed by Reuters expected an average net loss of 38 million reais, while the other two predicted profit of 52 million reais.
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DR Horton fell$. 14 or. 5 percent, to $26.82. Hovnanian Enterprises Inc. rose$. 09 or 1.5 percent, to $5.99. Lennar Corp. rose$. 15 or. 4 percent, to $42.40.
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DR Horton rose$. 06 or. 2 percent, to $27.02. Hovnanian Enterprises Inc. rose$. 06 or 1.0 percent, to $5.96. Lennar Corp. rose$. 50 or 1.2 percent, to $42.75.
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DR Horton rose$. 12 or. 4 percent, to $27.08. Hovnanian Enterprises Inc. rose$. 11 or 1.8 percent, to $6.01. Lennar Corp. rose$. 65 or 1.5 percent, to $42.90.
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MEXICO CITY, May 7- The family that holds a large stake in Mexican homebuilder Homex has been selling shares to meet margin calls on loans, according to a U.S. regulatory filing. The De Nicolas family's stake in the company shrank to 22.57 percent on May 3 from 27.53 percent last month, according to a filing with the U.S. Securities and Exchange Commission.
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MEXICO CITY, May 7- The family that holds a large stake in struggling Mexican homebuilder Homex has been selling shares to meet margin calls on loans, according to a U.S. regulatory filing. The De Nicolas family's stake in the company shrank to 22.57 percent on May 3 from 27.53 percent last month, according to a filing with the U.S. Securities and Exchange Commission.
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SYDNEY, May 6- Two of Australia's biggest building companies have dealt a blow to hopes that commercial and housing construction could help rebalance the faltering economy away from the overweight and slowing mining sector.
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SYDNEY, May 6- Two of Australia's biggest building companies have dealt a blow to hopes that commercial and housing construction could help rebalance the faltering economy away from the overweight and slowing mining sector.
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*Senate committee set to start work on changes. WASHINGTON, May 3- As the Senate gets ready to debate the details of a broad U.S. immigration bill, a group of House of Representatives lawmakers is still struggling to write its own legislation, hung up in part over guest worker programs sought by businesses.
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Discussing the housing recovery, and the state of home building credit markets, with Robert Curan, Fitch Ratings lead homebuilding analyst
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FINANCIAL NEWS: THOI BAO KINH TE VIETNAM. --Partly private Vietnam International Bank said it has offered loans worth a total of 1 trillion dong at interests as low as 7.77 percent for business purposes, home building and car purchases by July 22.
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DETROIT, May 1- U.S. automakers gained share in a slowing U.S. auto market in April as improvements in the housing sector played in to Detroit's traditional strengths: pickup trucks and sport-utility vehicles.