Nikkei Reverses Gains, Down by as Much as 3%
Lennar Corp
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Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.
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DR Horton fell$. 11 or. 4 percent, to $26.01. Hovnanian Enterprises Inc. rose$. 16 or 2.7 percent, to $6.10. Lennar Corp. rose $1.11 or 2.6 percent, to $43.40.
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According to the Commerce Department, new-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000. That's only slightly below January's pace of 458,000, which was the fastest since July 2008. _ KB Home, up 87 cents, or 3.8 percent, to $23.91. _ Hovnanian Enterprises Inc., up 20 cents, or 3.4 percent, to $6.14.
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DR Horton rose$. 26 or 1.0 percent, to $26.38. Hovnanian Enterprises Inc. rose$. 18 or 3.0 percent, to $6.12. Pulte Homes Inc. rose$. 26 or 1.2 percent, to $22.69.
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Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.
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DR Horton fell$. 27 or 1.0 percent, to $25.85. Hovnanian Enterprises Inc. rose$. 03 or. 5 percent, to $5.97. Lennar Corp. rose$. 09 or. 2 percent, to $42.38.
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DR Horton fell$. 19 or. 7 percent, to $26.12. Hovnanian Enterprises Inc. rose$. 10 or 1.7 percent, to $5.94. Lennar Corp. fell$. 18 or. 4 percent, to $42.29.
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DR Horton rose$. 67 or 2.5 percent, to $26.98. Hovnanian Enterprises Inc. rose$. 27 or 4.6 percent, to $6.11. Lennar Corp. rose $1.01 or 2.4 percent, to $43.48.
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NEW YORK-- Homebuilders' shares are getting a lift Wednesday following Toll Brothers' strong second-quarter performance and a healthy housing report. Earlier in the day, Toll Brothers Inc. reported quarterly earnings of 14 cents per share on revenue of $516 million.
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DR Horton rose$. 57 or 2.2 percent, to $26.88. Hovnanian Enterprises Inc. rose$. 20 or 3.4 percent, to $6.04. Lennar Corp. rose$. 97 or 2.3 percent, to $43.44.
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DR Horton fell$. 43 or 1.6 percent, to $26.31. Hovnanian Enterprises Inc. fell$. 18 or 3.0 percent, to $5.84. Lennar Corp. fell$. 75 or 1.7 percent, to $42.47.
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DR Horton fell$. 33 or 1.2 percent, to $26.41. Hovnanian Enterprises Inc. fell$. 12 or 2.0 percent, to $5.90. Lennar Corp. fell$. 78 or 1.8 percent, to $42.44.
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DR Horton fell$. 31 or 1.2 percent, to $26.43. Hovnanian Enterprises Inc. fell$. 08 or 1.3 percent, to $5.94. Lennar Corp. fell$. 89 or 2.1 percent, to $42.33.
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DR Horton fell$. 49 or 1.8 percent, to $26.74. Lennar Corp. fell$. 60 or 1.4 percent, to $43.22. Pulte Homes Inc. fell$. 34 or 1.4 percent, to $23.61.
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DR Horton fell$. 28 or 1.0 percent, to $26.95. Hovnanian Enterprises Inc. fell$. 02 or. 3 percent, to $6.00. Lennar Corp. fell$. 55 or 1.3 percent, to $43.27.
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DR Horton rose$. 20 or. 7 percent, to $27.43. Hovnanian Enterprises Inc. rose$. 06 or 1.0 percent, to $6.08. Lennar Corp. rose$. 46 or 1.0 percent, to $44.28.
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DR Horton rose$. 43 or 1.6 percent, to $27.23. Hovnanian Enterprises Inc. rose$. 15 or 2.6 percent, to $6.02. Lennar Corp. rose$. 88 or 2.0 percent, to $43.82.
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Ken Rosen, Rosen Consulting Group, and CNBC's Diana Olick discuss the first real signs of an apartment building boom.
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DR Horton rose$. 31 or 1.2 percent, to $27.11. Hovnanian Enterprises Inc. rose$. 13 or 2.2 percent, to $6.00. Lennar Corp. rose$. 88 or 2.0 percent, to $43.82.
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DR Horton rose$. 41 or 1.5 percent, to $27.21. Hovnanian Enterprises Inc. rose$. 15 or 2.6 percent, to $6.02. Lennar Corp. rose$. 69 or 1.6 percent, to $43.63.