KB Home on Thursday reported fiscal third-quarter profit of $23.3 million.» Read More
Recent comments by CNBC’s Jim Cramer have revived a debate over whether home prices have hit bottom or will continue falling.
Stocks ended with modest gains as better-than expected employment data overshadowed negative news from the housing industry. "Jobless claims dropping below 300,000 is a very good sign," said Michael Darda, chief economist at MKM Partners. "It really doesn't look like the labor market is falling off of a cliff here."
Third-quarter corporate earnings are expected to show the weakest growth in five years, but a rebound is likely in the fourth quarter.
KB Home Thursday posted a fiscal third quarter loss, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market.
The Street is edging toward the end of one of the most volatile quarters in recent memory ... and for all those a bit tired of the excitement, it looks like it might actually have a laid-back and happy ending.
A relatively swift resolution to the United Auto Workers strike against General Motors is giving some lift to stocks this morning. The dollar is defying gravity and is bouncing off its lows against the Euro but that move looks like it will be short lived.
Faced with the worst U.S. housing market in years, KB Home is wishing upon a star. The No. 5 U.S. home builder said Wednesday it would begin to offer homes customized with Walt Disney characters -- such as Mickey Mouse, Cinderella and Pirates of the Caribbean.
There was more bad news for the housing sector Tuesday. Both sales and prices of existing homes continued to fall, while inventories rose.
Homebuilders were murdered Monday. Investors appear to be anticipating more bad news when the government reports existing home sales data Tuesday. Meanwhile, industry giants Lennar (LEN) and KB Home (KBH) report earnings this week. Has the housing market bottomed?
Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.
The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home and Pulte Homes to their positions.
We reported some pretty nasty numbers from the Mortgage Bankers Association yesterday: A 51% rise in new foreclosures nationwide to the highest rate in the history of the MBA survey. And it’s a big bad number like that that is going to add more fuel to the fire in Washington among all those folks who have been bandying about the idea of some kind of government...
Inflation numbers are good for those who want a rate cut. The PCE deflator shows moderating inflation. U.S. futures--as well as European bourses--are also rallying because of President Bush's proposal to help homeowners who cannot pay their mortgages.
House prices across the nation declined by 3.2% in the second quarter from a year earlier, suggesting the housing downturn has deepened, according to the S&P/Case-Shiller Index.
From commodities and construction materials to interest rates and mortgage lenders, the state of real estate is at the forefront of most business and financial debates. But some say opportunities still exist -- if you know where to look. CNBC's crack team of reporters dug into the real estate market from every angle. Here is a sampling of what they found.
Today's 387-point drop in the Dow is a perfect reason why investors should take profits when they have the chance. Remember: Bulls make money, bears make money, but hogs get slaughtered.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
There’s no place for bullishness until this mortgage/private-equity mess gets stabilized. But when will investors know that happened? Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Beazer Homes USA said Wednesday that rumors that sent down its stock down nearly 40% are "unfounded."
CNBc's Bob Pisani sees several reasons investors should be optimistic about the market. He shares what traders are telling him at midday.
The slaughterhouse that has been the U.S. housing market for the past few months got bloodier on Thursday as several industry leaders reported worse results, July home sales fell more than expected and stocks throughout the sector hit multiyear lows.