Some of the largest companies have had some difficulties securing land because of rising demand, and analysts with Citigroup see a healthy rebound ahead.
Homebuilder stocks improved modestly Monday following an upbeat industry sentiment report. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday showed that, for the first time in seven years, most U.S. homebuilders are optimistic about home sales.
*1st- quarter loss $0.16/ share vs est. loss $0.22/ share. *To invest more than $1 billion in 2013 on land acquisition. March 21- KB Home, the fifth-largest U.S. homebuilder, plans to invest more than $1 billion this year on land acquisition and development as it steps up growth initiatives amid a strong U.S. housing recovery.
Stock index futures hovered around the flatline Thursday following the weekly jobless claims report, while uncertainty in Cyprus kept investors on edge.
*Lennar Corp, Toll Brothers enter rental market as demand shifts. March 12- Battered by the financial crisis, homebuilders in the United States are adopting a targeted approach to growth as the cyclical housing market swings upward again.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.