Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.» Read More
On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar, the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. Construction materials supplier Vulcan Materials has risen 35.8 percent so far this year and home improvement and building products firm...
The Ryland Group Inc and Standard Pacific Corp merger announced earlier this week- the first big deal since PulteGroup Inc's buyout of Centex in 2009- is a sign of things to come. Mid-cap builders that went public recently such as Tri Pointe Homes Inc, Taylor Morrison Home Corp and William Lyon Homes are expected to be more active dealmakers than their larger...
More than 60 percent of builders surveyed in May reported that the overall supply of developed lots is low.
WASHINGTON, June 16- U.S. permits for future home construction surged to a near eight-year high in May, suggesting a building up of momentum in housing and the broader economy after a dismal performance at the start of the year. It has kept its short-term lending rate near zero since December 2008. "Residential construction has been the laggard in this recovery and...
Standard Pacific Corp and Ryland Group Inc said they would merge to become the fourth-largest homebuilder in the United States.
Recent housing data suggest the market is improving, but the gains are a "pretty low slope," Lennar CEO Stuart Miller says.
Homes are in short supply and millennials are staying home longer, says Stuart Miller, Lennar CEO, discussing the slow, but steady improvement in the housing market. Also Miller weighs in on regulations and the difficulty for many homebuyers to obtain mortgages.
New technology is rolling out in drought-parched California that enables homes to recycle two-thirds of the water they use.
WASHINGTON, May 19- U.S. housing starts jumped to their highest level in nearly 7-1/ 2 years in April and building permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter. "The stronger starts and permits data suggests that some real gauges of economic activity may finally be starting to accelerate...
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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...