I'm out of the office today, but I'll be back -- and blogging -- on Wednesday. Happy Holidays!
The folks at HUD felt that my blog of yesterday left out some key points, namely, their side of the story, so I am happy to post a reply directly from them.
Shares of homebuilder stocks were trading higher on Tuesday after Pulte Homes reaffirmed its fourth-quarter outlook late Monday.
Without a dire market, the Fed won’t move.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks ended higher as record oil prices boosted shares of Exxon Mobil and other energy producers, while technology shares rallied on optimism ahead of Cisco's earnings.
Stocks are firming after the last few anxious sessions though the U.S. dollar has moved to a new low, oil is back on the rise and gold is at a 28-year high. The ever sunny Google is hitting a new high before the opening bell after Sanford C. Bernstein upped its target on the stock to $850 from $720.
Beazer Homes USA on Monday said it cut 25 percent of its staff in October, would suspend its dividend and sees at least $230 million in noncash impairment charges in its fiscal fourth quarter.
Shares of home builders soared on Monday as a frenzy of short sellers bought stock to cover their positions, giving the overall housing stock index its greatest one-day gain in about five years.
Moody's Investors Service on Thursday cut its ratings on home builders Centex, Lennar and Pulte Homes to junk status, saying it expects bleak housing industry conditions to linger at least until 2009.
Also, an adoring fan's generous offer; Cisco's new wireless acquisition and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Fallout from credit problems in the mortgage market continued to batter various companies across the globe this week.
Beazer, the No. 7 U.S. home builder, like nearly all of the other large U.S. home builders has focused on cutting costs and strengthening its balance sheet in order to navigate rough waters in the U.S. housing market.
The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home and Pulte Homes to their positions.
Stocks ended the holiday-shortened week lower as surprisingly weak monthly employment report sparked worries of a U.S. economic recession. The Dow Jones Industrial Average posted a weekly loss of 1.7%, the S&P 500 fell 1.3% and the Nasdaq Composite declined 1.2%.
Stocks finished the week with a huge selloff as a surprise drop in U.S. jobs sparked worries that the economy is headed for a recession.
U.S. home builder Beazer Homes USA said Friday it received "purported" default notices related to some senior notes from the bank that serves as trustee for the notes, sending shares down as much as 15 percent.
We reported some pretty nasty numbers from the Mortgage Bankers Association yesterday: A 51% rise in new foreclosures nationwide to the highest rate in the history of the MBA survey. And it’s a big bad number like that that is going to add more fuel to the fire in Washington among all those folks who have been bandying about the idea of some kind of government...
Inflation numbers are good for those who want a rate cut. The PCE deflator shows moderating inflation. U.S. futures--as well as European bourses--are also rallying because of President Bush's proposal to help homeowners who cannot pay their mortgages.
House or home -- the latest on the real estate market this week wasn't inspiring for homeowners, homebuilders or investors.
Today I'm uncovering the truth about home prices. Yes, the truth! We went to an auction this weekend in Ontario, California, where a NEW Beazer home was on the foreclosure block (I guess the original buyer's lending fell through). In a neighborhood where other new, or nearly new, homes are on sale for $420k, this home's opening bid was...$209,000.