Home builders are increasingly targeting the wealthy as the housing market remains tepid, The New York Times reports.» Read More
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent. Houston accounted for about...
Some of Thursday's midday movers:
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, reported its first fall in quarterly margins in three years and forecast a further drop in 2015 as costs rise. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 4.3 percent in morning trading on Thursday.
Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the quarter ending Feb. 28, sending down its shares along with those of its competitors. "We do not expect to reach our housing gross profit margin goal of 20 percent in 2015," Chief Executive Jeff Mezger said on a conference call. "The inland areas of California were quite a...
Some of Tuesday's midday movers:
Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the current quarter, sending down its shares along with those of its competitors. KB Home's shares fell as much as 14 percent to $14.28 after initially rising on the upbeat results. Shares of D.R. Horton Inc, the biggest U.S. homebuilder by number of homes sold, were down 4.8...
Some of the names on the move ahead of the open.
NEW YORK, Jan 7- U.S. stocks rebounded on Wednesday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates. "The U.S. continues to be the strongest region in the globe right now, and I think markets are...
Some of Wednesday's midday movers:
In a large options trade Monday, one trader bet housing stocks will collapse in the coming months.
Next year is shaping up to be one of those rare times when strong economic growth is accompanied by low interest rates, the perfect mix for housing.
These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...
WASHINGTON, Nov 19- Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/ 2- year high, suggesting the housing market was still on a recovery path. The Commerce Department said on Wednesday groundbreaking for single-family homes, which account for more than two-thirds of the market, increased 4.2...
After a rally in housing stocks, the CNBC "Fast Money" traders share their top trades.
Real estate stocks could offer the next leg up for the market, Triogem's Tim Seymour says.
Think that the market was uneventful on Tuesday? Not so fast, Jim Cramer sees these three sectors growing fast, which could lead to profits.
*D.R. Horton advances after earnings. In the consumer discretionary space, shares of homebuilders rose after D.R. Horton reported better-than-expected quarterly revenue and said orders jumped 38 percent, suggesting an uptick in housing demand. D.R. Horton shares rose 2.2 percent to $23.95.
U.S. stocks ended near highs on Tuesday, with the Dow and S&P each edging up to a record close.
*D.R. Horton advances after earnings. NEW YORK, Nov 11- The Dow and S&P 500 inched lower late Tuesday afternoon after both indexes managed to touch fresh intraday records for a fifth straight session in early trading. The e-commerce giant reported more than $9 billion in sales on China's Singles' Day on Tuesday.
*D.R. Horton advances after earnings. NEW YORK, Nov 11- U.S. stocks edged lower on Tuesday afternoon after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading. The e-commerce giant reported more than $9 billion in sales on China's Singles' Day on Tuesday.