The index of home builder sentiment fell just one point in January to 57 from an upwardly-revised December reading.» Read More
About 15.8 percent of KB Home shares outstanding are on loan, making it the most shorted stock announcing earnings this week.
Some of Wednesday's midday movers:
These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...
The "Fast Money" traders give their final trades of the day.
Take a look at some of Thursday's midday movers:
After a rally in housing stocks, the CNBC "Fast Money" traders share their top trades.
Real estate stocks could offer the next leg up for the market, Triogem's Tim Seymour says.
U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...
Some of Monday's midday movers:
Some of Tuesday's midday movers:
Take a look at some of Wednesday's midday movers:
CNBC reporters will showcase properties near their alma maters in the latest twist on the "Million Dollar Home Challenge." Vote for the winner.
Some of Thursday's midday movers:
As home builders try to gain more business, more will be going after the entry-level buyer, real estate expert Bradley Hunter told CNBC Wednesday.
Indexes added to gains and hit session highs after Chicago Federal Reserve Bank President Charles Evans said the central bank should be "exceptionally patient" in removing monetary policy accommodation at a Peterson Institute conference on labor market slack.
"This is welcome news in an otherwise mixed outlook," said Diane Swonk, chief economist at Mesirow Financial in Chicago. New home sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units, a second straight monthly gain that took them to the highest level since May 2008, the Commerce Department said on Wednesday.
Take a look at some of Wednesday's midday movers.
"They are trying to hold in the 1,980 s and not break that support and close below it," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.
WASHINGTON, Sept 24- Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course. The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units.
The PHLX Housing index was down 0.1 percent after earlier falling as much as 1.3 percent on the back of results at KB Home. KB Home fell 6.1 percent to $15.92 following third-quarter earnings and sales that missed expectations. D.R. Horton Inc fell 0.4 percent to $21.20 while Beazer Homes was off 0.7 percent at $17.80.