In a summer with precious little positive economic news, housing is proving to be a bright spot. June housing starts, at 760,000, was the best print since October 2008.
Wall Street suffered through another rough day Monday, with stocks dropping more than 1 percent on worries over the effect the European debt crisis would have on the global economy.
Stocks traded mostly higher at the open Thursday, with traders shrugging off a fresh batch of economic reports and a rising dollar as Europe's debt woes continued to intensify.
Housing stocks have rallied 14 percent from their low at the beginning of the month, and 31 percent so far this year.
Furniture stocks are down big from their highs on the year even as homebuilder shares point towards a housing recovery. Something's not right.
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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.
It's way too early to call it a success or disappointment, but one thing is sure: in this environment, it's orders that matter.
Home building: An awful lot of optimism built into the spring home buying season!
Homebuilder stocks have jumped as much as 45 percent over the past three months. But the question remains whether it's a fragile rally based on overly optimistic expectations for the economy or an early sign that a sustained real estate recovery is in the offing.
After years of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has clearly bottomed, with sales and prices rising and foreclosures declining.
Australia’s goal of having the world’s toughest tobacco promotion laws in place by 2012 moved closer on Thursday when it released the plain packing design that all cigarette manufacturers will be forced to adopt as part of new legislation. The FT reports.
The group is crawling back to life, say analysts, and is very likely poised for a three- to five-year run for bold and patient investors.
"Tea parties" have played a role in knocking out some incumbents in primary elections around the country and if the current trend continues, they'll have an impact on policy in November. Investors should start to think of how this might affect their portfolio, especially with markets currently offering discounts on shares.
Continued signs of stabilization in the market, from a reversal of falling home price to a tightening in credit spreads, have analysts optimistic about the builders' future. No wonder the sector is hot.
Real estate might be a four-letter word to some investors. After all, commercial real estate was hit by the collapse of a number of businesses and a glut of vacant office space. Residential real estate is only now beginning to recover from a bubble that burst in 2007. But it’s time for investors to re-consider...