"We look for stressed sectors toward year end," Larry McDonald says.» Read More
Are you ready skeedaddy. It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Fears of the fiscal cliff could be impacting potential buyers already. The new home sales monthly number from the U.S. Department of Commerce is based on signed contracts.
Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high.
The federal agency that some credit with saving the housing market during the worst of the recent crash, may now be in need of taxpayer help itself.
The housing rebound could cause the unemployment rate to drop significantly in the next few years, said Ara Hovnanian, CEO of Hovnanian Enterprises, one of the nation's largest builders of single-family homes.
The homebuilders are rising from the ashes, after overbuilding and a credit crash sent sales and construction to levels not seen economists began counting all those numbers; they are rising, but not necessarily thriving.
The one thing standing in the way of a more robust housing recovery, is tight credit. Mortgage rates are at near-historic lows, but too many potential home buyers still cannot access these rates due to damaged credit.
A jump in signed contract to buy newly built homes in September brought volumes to the highest level since April of 2010. Is it enough to put a period on the statement that housing is in full recovery? Perhaps, but not an exclamation point.
It’s hard to imagine, given that the nation’s housing market is still digging itself out of an epic foreclosure crisis, that there just are not enough homes available to buy. But, that may be the case.
NEW YORK-- The shares of at least four homebuilders hit new highs and construction materials companies got a boost as well Wednesday from the release of a new report showing that U.S. builders started construction on homes in September at the fastest rate since July 2008, another sign of a recovering housing market.
Real estate is and always will be local, and this recovery is becoming increasingly local. That is clear in the latest numbers on supplies of distressed homes.
Oct 4- Standard& Poor's Ratings Services today said that its ratings, including the' CCC-' corporate credit rating, on Hovnanian Enterprises Inc..
NEW YORK-- Shares of homebuilders climbed on Wednesday as recent data continues to point to signs that the housing market is making a sustained comeback. Sales of new homes remained near a two-year high in August, the government said last week.
CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.
Ara Hovnanian, Hovnanian Enterprises Chairman & CEO, discusses how the uncertainty about taxes is impacting Hovnanian decisions and the overall business climate.
Despite a slow and cautious recovery in housing, the nation's big public home builders appear to be gaining ground...and building on it.
The prospect that the world’s central bankers will juice the banking system with a new wave of easing sent stocks flying and the euro rallying.
Traders are handicapping which central bank will come out swinging first — and the odds right now are not on the European Central Bank.
Stocks logged a modest gain in thin-volume trading Tuesday, lifted by a better-than-expected service sector report, but the ongoing uncertainty in the euro zone kept investors nervous.
U.S. stock index futures were slightly higher, but investors remained cautious following a string of disappointing economic reports last week and amid the ongoing uncertainty in the euro zone.