Baby boomers looking to downsize from suburban homes are finding condos near more urban areas to be way too pricey. So they are staying put.» Read More
Some of the names on the move ahead of the open.
For the best trade around the State of the Union, political and financial analysts recommend housing and basic economy-related stocks.
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent. Houston accounted for about...
Some of Thursday's midday movers:
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, reported its first fall in quarterly margins in three years and forecast a further drop in 2015 as costs rise. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 4.3 percent in morning trading on Thursday.
Some of Tuesday's midday movers:
WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...
Some of Wednesday's midday movers:
In a large options trade Monday, one trader bet housing stocks will collapse in the coming months.
Next year is shaping up to be one of those rare times when strong economic growth is accompanied by low interest rates, the perfect mix for housing.
When it comes to housing, low gas prices not only help pad people's pocketbooks, but they are also boosting consumer confidence.
Pulte Homes is rushing to build more so-called active adult communities catering to baby boomers, many who still work full time.
CNBC's Diana Olick speaks to Richard Dugas, Pulte Group CEO, about the state of the housing market and Pulte's big bet on active adult communities.
These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...
Take a look at some of Thursday's midday movers:
Real estate stocks could offer the next leg up for the market, Triogem's Tim Seymour says.
U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...
Some of Monday's midday movers:
The "Fast Money" traders share their final trades of the day.
*New home sales rise 0.2 percent in September. WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of...