U.S. stock index futures pointed to a higher open on Wall Street on Thursday.» Read More
Beazer Homes Chief Financial Officer James O'Leary has resigned to become President and Chief Executive Officer- Elect of Kaydon.
Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.
Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
The builder said it has "yet to see any meaningful evidence of a sustainable recovery in the housing market."
Last week the Secretary of the Treasury, Hank Paulson, was asked if the residential real estate market had bottomed. He refused to answer the question. But as we approach the New Year, that is arguably the biggest question in real estate. The spring season is right around the corner, traditionally the busiest for buying and selling, and many believe it will tell the true story of the state of the market.