Investors long looked to Alcoa and Intel as earnings bellwethers, but that view is outdated. These companies are the best read on earnings.» Read More
DR Horton fell$. 39 or 1.4 percent, to $28.07. Hovnanian Enterprises Inc. fell$. 09 or 2.5 percent, to $3.47. Lennar Corp. fell $1.60 or 3.2 percent, to $48.56.
DR Horton fell$. 71 or 2.5 percent, to $27.75. Hovnanian Enterprises Inc. fell$. 09 or 2.5 percent, to $3.47. Lennar Corp. fell $1.34 or 2.7 percent, to $48.81.
DR Horton fell$. 58 or 2.0 percent, to $28.46. Hovnanian Enterprises Inc. fell$. 16 or 4.3 percent, to $3.56. Lennar Corp. fell $1.29 or 2.5 percent, to $50.15.
DR Horton fell$. 67 or 2.3 percent, to $28.37. Hovnanian Enterprises Inc. fell$. 14 or 3.8 percent, to $3.58. Lennar Corp. fell $1.35 or 2.6 percent, to $50.09.
DR Horton rose$. 30 or 1.0 percent, to $29.04. Hovnanian Enterprises Inc. rose$. 11 or 3.0 percent, to $3.72. Lennar Corp. rose$. 47 or. 9 percent, to $51.44.
DR Horton rose$. 40 or 1.4 percent, to $29.14. Hovnanian Enterprises Inc. rose$. 05 or 1.2 percent, to $3.66. Lennar Corp. rose$. 58 or 1.1 percent, to $51.55.
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The first time home buyer is coming back big this spring as mortgage rates fall and rents increase, according to Wall Street research.
WASHINGTON, March 23- U.S. home resales rebounded modestly in February against the backdrop of a persistent shortage of properties on the market, a trend that could undermine the spring selling season. The Fed singled out housing as a sector that remains slow, and it still is, but that doesn't mean the Fed shouldn't hike rates, "said Joel Naroff, chief economist at...
U.S. homebuilders are gearing up for a sharp rise in demand this spring as Americans become more confident about keeping their jobs.
WASHINGTON, March 23- U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units.
Lennar Corp, Toll Brothers Inc and KB Home, among the top six builders, together reported an average 19 percent increase in orders in the latest quarter, up from 3.3 percent in the same period last year. Lennar, the No.2 U.S. homebuilder after D.R. Horton Inc, said on Thursday it expected single-family housing starts and permits to rebound "shortly".
U.S. stocks closed mixed on Thursday as investors weighed the Federal Reserve statement that indicated a rate hike would come gradually.
*Lennar, Guess post strong quarterly earnings. NEW YORK, March 19- U.S. stocks fell on Thursday as energy shares slumped, with the broad S&P 500 handing back some gains from the prior session sparked by a policy statement from the Federal Reserve that was more dovish than expected. "The Fed has painted themselves into a bit of a corner here," said Keith Bliss, senior...
*Lennar, Guess post strong quarterly earnings. NEW YORK, March 19- U.S. stocks opened modestly lower on Thursday in the wake of a rally in the prior session after the Federal Reserve cut economic growth and inflation projections and indicated it was in no rush to hike interest rates. But investors will now seek signs of improvement in the U.S. economy after Yellen "...
U.S. stock index futures indicated a lower open on Thursday, after closing sharply higher Wednesday following a dovish statement from the Fed.
Take a look at some of Thursday's early movers:
March 19- Lennar Corp reported better-than-expected quarterly profit and revenue as it sold more homes at higher prices, and the company said early signs for the spring selling season indicated demand in the U.S. housing market was improving. Lennar's shares rose about 2 percent in premarket trading. Lennar has been able to raise prices despite a choppy...
March 19- U.S. homebuilder Lennar Corp's quarterly profit jumped 47 percent as the company sold more homes at higher prices. The No. 2 U.S. homebuilder by number of homes sold said net income attributable to Lennar rose to $115 million, or 50 cents per share, in the first quarter ended Feb. 28 from $78.1 million, or 35 cents per share, a year earlier. Revenue rose 20.6...
The Fed tripped up the dollar's rally and may have pushed the greenback into a short-term correction with its forecasts for a slower pace of rate hikes, strategists say.