SCOTTSDALE, Ariz. _ Meritage Homes Corp. on Wednesday reported second-quarter net income of $29.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Six analysts surveyed by Zacks expected $629.8 million.
June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected jump in quarterly profit as it sold more homes at higher prices across the United States, especially in the West and Southeast Florida markets. Homebuilders Meritage Homes Corp, KB Home, PulteGroup Inc, D.R. Horton Inc and many of the sector's other stocks were trading 1-3...
Investors liked what they saw in Facebook and Apple, but Wall Street fell after a slew of earnings and data couldn't sustain the bounce.
Stocks closed higher Tuesday, with the Dow and S&P 500 finishing in positive territory for the third-straight session, as Federal Reserve policymakers kicked off their two-day meeting.
Stocks finished higher Tuesday, rebounding after Atlanta Federal Reserve President Dennis Lockhart downplayed the notion that the central bank would begin winding down its bond-buying program at its September meeting.
Why are we at new highs, with mediocre earnings, and global economic weakness? I keep getting asked this question, and it just won't go away.
The recent spike in interest rates may not kill the housing recovery or housing stocks, but investors will want to be more selective, analysts say.
Despite today's disappointing GDP, the market uptrend remains intact.
While smaller builders are taking the brunt of the price increases, the big public builders may actually be taking advantage of them.
Earnings: Still choppy, but mostly good news for tech and building materials.
Stocks finished at session lows Monday, posting their sharpest one-day drop this year, as disappointing economic data from China triggered a selloff in commodities.
Take a look at some of Monday's midday movers:
CNBC real estate reporter Diana Olick with what to expect in the housing sector this spring.
Business is brisk, but the new-home market won't be back to normal for a while, Meritage CEO Steven Hilton said.
Check out which companies are making headlines after the bell Wednesday:
CNBC's Diana Olick looks at today's mortgage application numbers. A drop in the rate of the 30-year fixed sent mortgage apps higher, she reports.
Despite an improving housing market and firming prices, it's going to be difficult to achieve what is already priced into the stocks, which skyrocketed last year, an analyst told CNBC.
The divide between new and existing home prices is wider than ever and as one analyst notes, "The only people who can buy are people who are very well off, so that's created a positive mix shift."
After improving in 2011, foreclosures ramped up again in 2012, and will likely continue to rise as banks clear out backlogs of distressed loans. More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report from RealtyTrac, reports CNBC's Diana Olick.
Women are getting married later, having kids later and out of wedlock, all prompting them to seek the convenience of large, full-service rental apartment buildings, reports CNBC's Diana Olick.