The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
Stocks declined Thursday after Federal Reserve Chairman Ben Bernanke said bank failures are likely as the housing crisis takes its toll, and a pair of economic reports came in weaker than expected.
Toll Brothers reported a first-quarter loss Wednesday: the homebuilder announced a huge jump in write-downs on properties it could no longer sell profitably; and its sales fell 23 percent. So why did the company’s stock climb as much as 2.21 percent Wednesday? Thank the Office of Federal Housing Enterprises Oversight and Lehman Brothers.
After all the doom and gloom in recent months, the beleagured housing market got a bit of good news on Wednesday.
D.R. Horton, the largest U.S. home builder, posted a quarterly loss that was narrower than expected Thursday as it took big inventory charges and wrote off land option contracts.
Cisco's downbeat earnings comments could make a dent in stocks Thursday morning. Ahead of the opening bell, investors will also be watching rate meetings by the European Central Bank and the Bank of England.
Stocks closed with a big rally, led by beaten-down financial shares, but still ended one of the worst Januarys in years.
Homebuilders face a "side effect" challenge: a massive land glut. But one savvy entrepreneur is creating a new business from the builders' problems.
CNBC asked the pros on how to survive this kind of market. Here's what they had to say.
U.S. homebuilder sentiment sank to nearly a record low in January. A survey released Wednesday by the National Association of Home Builders cited the glut in houses on the block, and tight credit and lending conditions, as stimuli depressing the market. Nevertheless, several of the biggest builders -- and the firms with the worst outlooks -- saw their shares rise Wednesday.
It’s the last day of 2007, which means everyone and their broker are busy with predictions for 2008, but I’d caution you in using today’s numbers from the National Association of Realtors as any basis for prediction.
I've never claimed to be an economist (just play one on TV), but I have held a few yard sales in my time, so this I know: If something isn't selling, lower the price. So how can new home sales be reportedly dropping 9 percent while the price of a new home rose month-to-month from $229,500 to $239,100?!
So I was clicking through all the sale spams in my inbox this morning -- from all the major retailers -- offering me 25 to 60 percent off on cashmere items, plasma TVs, sateen sheets and unwanted DVDs. Suddenly it occurred to me that one group of retailers was conspicuously absent: America’s big home builders.
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.
Betting on real estate these days is not for the faint of heart. Between the housing correction, economic uncertainty, the credit crisis and predicted softening in the commercial property markets, determining where to invest for future returns requires an extra dose of due diligence and, let's face it, good old-fashioned courage.
Cramer makes the call on viewers' favorite stocks.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.
U.S. stocks closed lower Monday as major Dow components and financials outweighed hopes for a Fed rate cut and a government plan to rescue at-risk homeowners.
Stocks closed mostly higher on expectations that the Federal Reserve will cut interest rates and the U.S. government will help homeowners recover from the subprime mortgage crisis.
Shares of homebuilder stocks were trading higher on Tuesday after Pulte Homes reaffirmed its fourth-quarter outlook late Monday.
Stocks closed higher after another volatile session, helped by a rally among energy shares as oil soared to a record high close of $98 a barrel.