Find out how the US government is doing more to hurt homeowners than help them.
Earlier today, the National Association of Home Builders reported a 2 point decline in their Housing Market Index, back to its level from May of last year. Details revealed that traffic fell to its lowest levels in a year. Tomorrow, we get another read on the real estate market with Housing Starts scheduled to come out at 8:30 am and consensus numbers are expecting a drop there as well. Despite these numbers, housing stocks have been gaining.
Despite a fairly decent earnings report out of Toll Brothers this morning, some concerns linger over the state of the housing industry. Toll’s CEO Robert Toll pointed out that the speed of a housing recover has been “hard to discern” due to “unevenness in demand” the homebuilder has seen since September.
Lumber prices recently hit a new high; just as some homebuilder stocks finally started seeing some relief. So will the pricey lumber stall the recovery in homebuilding stocks? David Goldberg, building and building products analyst and Phil Gotthelf, president and commodities analyst at Equidex shared his insights.
Although the knee-jerk reaction was to sell and ask questions later, is the Fed's rate hike a signal that the economy is improving?
Housing starts rebounded more than expected, while permits fell slightly less than forecast. Does this signal a housing market recovery—and hopes for home builders? Megan Talbott McGrath, home builder analyst at Barclays Capital, and Paul Puryear, director of real estate research at Raymond James, discussed their sector outlooks.
Standard Pacific is attracting upside option activity ahead of its fourth-quarter earnings report after the market closes today.
Stocks on Wall Street could be put to the test Wednesday, after the market notched its best two-day gain in four months.
Stocks turned a shaky start into a full-throttle rally Tuesday as UPS delivered an encouraging earnings report, pending home sales rose and Ford reported a double-digit increase in sales.
The Bank ETF closed higher on Tuesday, shrugging off the Volcker plan presented to lawmakers. How should you trade financials, now?
A rather strange two days...the mantra all through January was, SELL THE EARNINGS...good or bad, sell the earnings. Now, in the first two days of February, companies that beat earnings are trading UP and staying UP. One thing’s for sure: there’s more going on than just the start of a new month.
Stocks rallied mid-morning on pending home sales in line, dollar weakness, Mr. Geithner speaking like a fiscal conservative—but most point to earnings commentary as the main factor for the rally. Three items stand out...
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Investors are struggling to make sense of Tuesday's market action. Industrials and materials led the rally but tech lagged, badly. Can the rally continue without tech?
Stocks made another push higher Tuesday afte a shaky start as UPS delivered an encouraging earnings report, pending home sales rose and Wall Street braced for a hearing on the "Volcker Rule" later today.
Mining and metal stocks are up again about 2 percent in Europe; Rio Tinto was raised to "buy" from "hold" at Citigroup. We have no panic over Greek bonds, so Europe is trading higher. Elsewhere, earnings are pumping up stocks — mostly outside the U.S., but not all...
Wall Street was set to extend the previous session's gains at the start of trading Tuesday, with European markets mostly higher across the board and some important economic testimony coming from Capitol Hill.
Retail sales, at down 0.3 percent, was below expectations of a gain of 0.5 percent, though November was revised upward, while first time unemployment claims rose slightly more than expected for the week.
Lennar announced that orders for new homes increased for the first time in more than three years. It also posted a quarterly profit. What does this mean for the industry? James McCanless, senior homebuilding analyst at FTN Equity Capital Markets, shared his analysis.
The latest data from S&P/Case Shiller’s monthly report showed that home prices are still improving. But David Goldberg, building and building products analyst at UBS, said the group is still overvalued by 10 to 15 percent. What does this mean for the homebuilder stocks going forward?