Land shortage may provide an unforeseen roadblock to U.S. housing market's full comeback.» Read More
The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..
NEW YORK, March 20- U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen's comments that had fueled speculation of an earlier-than-expected rate hike by the central bank.
Wall Street opened lower, but reversed course after the Philadelphia Federal Reserve Bank said its business activity index rose far more than expected in March, rebounding after a contraction in February.
Wall Street opened lower but reversed course after the Philadelphia Federal Reserve Bank said its business activity index rose far more than expected in March, rebounding after a contraction in February.
"These stocks are not expensive," Jim Cramer said on "Squawk on the Street" about companies that offer an indirect way to invest in the housing sector.
Janet Yellen left traders with three takeaways: the dollar will strengthen, rates will rise, and easy money policies are on their way out.
*Ukraine in view as Russia seizes naval bases. *Lennar Corp, Jabil Circuit both rise after results. NEW YORK, March 20- U.S. stock index futures pointed to a modestly lower open on Thursday as investors continued to digest comments from Federal Reserve Chair Janet Yellen, who raised the specter of an earlier-than-expected rate hike.
Experts say that even if this week's data come in soft, we could still be in the early stages of a new American housing boom.
*KB Homes, other homebuilders shares rise. March 19- KB Home, the No. 5 U.S. homebuilder, reported a first-quarter profit for the first time since 2007 as it sold homes at higher prices in California, its largest market, and indicated towards a strong spring selling season.
*KB Home rallies after results, Adobe Systems falls. NEW YORK, March 19- U.S. stocks barely budged on Wednesday as investors paused after a two-day rally and looked ahead to comments from Federal Reserve Chair Janet Yellen.
March 19- KB Home, the fifth-largest U.S. homebuilder, reported a better-than-expected quarterly profit as a shortage of ready land to build on helped it increase selling prices, sending its shares up as much as 10 percent in morning trade.
*Oracle falls after results, but KB Home rallies. The S&P 500 was within striking distance of all-time highs, though an Oracle Corp selloff weighed on tech shares, and economic bellwether FedEx Corp sounded a sour note in its outlook.
Stocks could move to new highs if Russia behaves, and if the Fed soothes on rates. Elsewhere, the dam is breaking on 2014's flood of IPOs.
March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss as it closed deals at higher prices, sending its shares up 7.5 percent in premarket trading.
*FedEx and Oracle fall after results, Adobe higher. *The S&P 500 looked to open near record levels despite sour notes sounded by weak results from FedEx Corp, an economic bellwether, and Oracle Corp.. *FedEx posted third-quarter results that were below expectations and gave a weak full-year profit forecast, saying it had been significantly hurt by winter storms.
March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss and said new home orders rose. Net income was $10.6 million, or 12 cents per share, in the first quarter ended Feb. 28 compared with a loss of $12.5 million, or 16 cents per share, a year earlier. New home orders rose 6 percent to 1,765 units.
U.S. stock index futures signaled a positive open on Wednesday as fears of military movements in Ukraine receded.
Confidence among the nation's home builders edged up slightly in March but is still mired in the negative, way down from recent highs.
Janet Yellen takes center stage in the week ahead, chairing her first FOMC meeting amid market skittishness over events in Ukraine.
The "Fast Money" traders share their final trades of the day.