Some of Tuesday's midday movers:» Read More
DR Horton rose$. 43 or 2.1 percent, to $20.54. Hovnanian Enterprises Inc. rose$. 06 or 1.4 percent, to $3.90. Lennar Corp. rose$. 40 or 1.1 percent, to $36.36.
Hedge-fund manager Todd Schoenberger once said "Homeownership is for suckers." It's way beyond that now, he says.
Some of Wednesday's midday movers:
U.S. stocks closed mixed on Monday, with Dow lower and the S&P 500 showing the longest streak of quarterly gains since 1998.
Some of Monday's midday movers:
June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices. Lennar has been able to raise prices despite a choppy recovery in the U.S. housing market as it mainly caters to buyers looking for a second home who are more comfortable with volatile interest rates.
Some of the names on the move ahead of the open.
June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices. Lennar's average selling price rose 14 percent in the quarter amid tighter supply of homes. Lennar's profit was weighed down by losses in its real estate financing business and multi-family home business.
June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a 28 percent increase in quarterly revenue as it sold more homes, and said orders rose 8 percent. Revenue rose to $1.82 billion in the second-quarter ended May 31 from $1.43 billion a year earlier. Net income was flat at $137.7 million, or 61 cents per share.
Consumer confidence at highest level since January 2008. WASHINGTON, June 24- U.S. consumer confidence jumped to its highest level in nearly 6-1/ 2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum.
The stock market's record-breaking rise could get derailed by oil.
In our Talking Squawk blog, Joe appears on "The Daily Show" in a clip of his Rick Perry interview; Becky loses her breath on TV; and Andrew talks cocktails.
Generational forces and still-tight mortgage lending standards are holding back housing from a more robust recovery, Lennar CEO Stuart Miller tells CNBC.
Stuart Miller, Lennar Corp. CEO, shares perspective on the housing recovery and mortgage market. It's unclear when household formation will resume, say Miller. And Mike Jackson, AutoNation chairman, weighs in.
*Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
Stocks rose Friday, with the S&P 500 on track for its first weekly advance in three, after a better-than-expected housing report.
NEW YORK, May 23- The S&P 500 was on track for a record closing high on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Shares of Lennar Corp, the second-largest U.S. homebuilder in terms of revenue, shot up 3.4 percent to $40.33.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
Some of Thursday's midday movers:
VIENNA, May 15- Austrian viscose-fibres maker Lenzing's profits fell by less than expected in the first quarter as it accelerated a cost-cutting plan, lifting its shares more than 5 percent.