With plenty of vacant homes, there’s just not enough demand to necessitate building more new homes. So why are they being built?» Read More
In this installment of our special series we look at a plague of biblical proportions...
Curiously, the much-maligned Adjustable Rate Mortgage appears to be making a comeback. Lennar is putting their special ARM financing right on the front page of their website, offering ARMs at 2.88 percent for the first year, 3.88 percent for the second year, and 4.88 percent for the remainder of the life of the mortgage...
Stocks plunged after the Federal Reserve cut its 2008 outlook and oil finished above $133 a barrel. The Dow shed more than 227 points, or 1.8 percent, bringing its two-day point decline to about 450.
The Dow has dropped 450 points in the last two days. Most of this is due to the record high price of oil, but at 2 PM ET today the markets dropped further as the Fed came out with its minutes, wherein they...
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
I get a press release probably once a week from the National Association of Home Builders on some or another green improvement, initiative, product or conference. So I was surprised by a study that claims none of America’s 13 largest publicly traded home builders has “fully embraced" the green market...
Homebuilders Ryland and Pulte are reporting tomorrow. Don't expect much. There will continue to be significant pricing pressure & writedowns. Here's the key for the homebuilders...
Stocks closed lower amid more bad news in the financial sector and a report showing the Federal Reserve is more worried about a recession than it has previously indicated.
I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.
Stocks struggled back to level ground after investors shrugged off a slew of bad news from technology companies, real estate and banks.
With Alcoa's report yesterday afternoon, the official start to earnings season is here. Here are the current forecasts from Thomson Financial...
What is the options market seeing in homebuilders? Certainly a lot of sector risk, but also some opportunities, according to Rebecca Darst of Interactive Brokers.
With today's hearings in Washington on the JP Morgan Chase buyout of Bear Stearns, here is a look at how the Financials and Home Builders have faired since their close the Friday before the deal was announced.
With the ISM Numbers coming out today, this will be the first major economic indicator of the second quarter. The previous reading came in at 48.3 and consensus is for further contraction. Today's reading, just in, came in at 48.6 and is better than expected. Here are some stocks that moved after the last ISM reading.
Homebuilder DR Horton tried to kill two birds with one stone this past weekend: unloading inventory and cleaning up the image of the housing market -- at least in a few towns in Southern California. The company held a first-come, first-served “Un-Auction."
For the week ending Friday, March 28, 2008 the US Markets ended mixed after starting on a high note Monday extending last week's market rally. The winning streak came to an end on Tuesday when the Dow closing down for the first time in three sessions. The NASDAQ had the strongest performance of the week managing a positive gain despite weak earnings from Oracle and poor performance from Google . Economic data dragged on the markets with consumer sentiment and confidence at low levels and negative housing data.-Next week the markets will watch Friday's jobs report for evidence of recession, and any revisions on guidance as we move into earnings season. Alcoa kicks off "official" earnings season on Monday, April 7th after the bell. The big companies for next week all hit on Wednesday with RIM , Monsanto and Best Buy all reporting earnings.
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Stocks closed lower Friday after a profit warning from J.C. Penney, which renewed fears about slower consumer spending. Financials and techs caved in after earlier attempts to rally.
Stocks advanced Friday, boosted by benign inflation data and an upgrade on Lehman Brothers.
Stocks rose at the opening bell as the market weighed benign inflation data with a weak outlook from J.C. Penney.