There's more at play in the recent housing setback than just this winter's frozenomics, home builder Ara Hovnanian tells CNBC.» Read More
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.
Like the third sequel to a summer horror movie, stocks are set up for another selloff amid worries about a double-dip recession. "I’m starting to fear summer," one economist said.
Take a look at some of Wednesday’s morning movers:
The combination of a stronger U.S. jobs report, and some indications that China will likely have a soft landing, not a hard landing, are helping to support markets.
Home price data will get more attention than usual Tuesday, as traders watch to see if the glimmer of improvement in housing continues.
Despite mixed results in the housing sector, many homebuilder stocks are outperforming the overall market by a large margin.
Stocks closed near highs of the session Wednesday with the S&P finishing at its highest level since July 2011, buoyed by an optimistic report on Greece, which added fuel to an earlier rally after a better-than-expected housing market report.
Homebuilder stocks rose Thursday following a Wall Street Journal report showing that hedge funds have been buying up housing-related investments.