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The December numbers beat expectations by a lot and sent the stocks of the public home builders higher and prompted housing analysts to exclaim bullish headlines, but here's what they failed to mention.
Most stocks trade in tandem with the market. But some tend to bounce back a little faster.
Nokia shareholders are unhappy with the details of the patent dispute settlement with Research In Motion, and Hovnanian is up about 370 percent year-to-date, with the FMHR traders.
It's been a reversal of fortunes for banks in 2012: financial stocks lead this year, up 26 percent, after performing the worst of all 10 S&P sectors last year.
The nation's home builders continue to feel much better about their industry.
Home prices are rising, and potential buyers may look back and regret not taking advantage of today's low rates and affordability, Hovnanian CEO Ara Hovnanian told CNBC.
Ara Hovnanian, Chairman, President, & CEO, Hovnanian Enterprises, discusses boomerang buyers: people who lost their homes to foreclosure but are now back in the market for a new house. He also looks at the phenomenon of buyers seeking bigger homes.
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.