Lumber prices recently hit a new high; just as some homebuilder stocks finally started seeing some relief. So will the pricey lumber stall the recovery in homebuilding stocks? David Goldberg, building and building products analyst and Phil Gotthelf, president and commodities analyst at Equidex shared his insights.
The Dow surged more than 100 points on Thursday cheered by word that European leaders had sealed a deal to provide financial aid to Greece.
Stocks closed broadly higher on optimism that help was on the way for Greece to deal with its heavy debt burden.
Stocks staged a relief rally Wednesday amid talks of a bailout for Greece and positive earnings and sales news from some key Dow components.
Speculation that some kind of assistance to Greece is coming (even though the Greek Prime Minister says he doesn't want any assistance). EU heads of state will be meeting in Brussels on Thursday. The big question: Will Germany endorse some kind of rescue package? Also: China buying hard assets — oil and gold.
U.S. stock index futures are pointing to a higher open Tuesday morning, a day after a last-hour selloff pushed the Dow to its first close below 10,000 since November, and the S&P 500 to a fresh three-month closing low as well.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 9.
Standard Pacific is attracting upside option activity ahead of its fourth-quarter earnings report after the market closes today.
The economic recession and the housing depression will cause many Baby Boomers to push back retirement, but that doesn't mean they're not still eyeing and buying homes built specifically for retirees. Builders of these "active adult communities" are therefore changing some of their models to reflect homeowners' new desires.
Retail sales, at down 0.3 percent, was below expectations of a gain of 0.5 percent, though November was revised upward, while first time unemployment claims rose slightly more than expected for the week.
Lennar announced that orders for new homes increased for the first time in more than three years. It also posted a quarterly profit. What does this mean for the industry? James McCanless, senior homebuilding analyst at FTN Equity Capital Markets, shared his analysis.
The latest data from S&P/Case Shiller’s monthly report showed that home prices are still improving. But David Goldberg, building and building products analyst at UBS, said the group is still overvalued by 10 to 15 percent. What does this mean for the homebuilder stocks going forward?
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The S&P 500 touched a 14-month high on Tuesday as investors bet on a housing market comeback in 2010.
Wall Street continued its push for a happy holiday, with stocks closing higher Tuesday as investors focused on positive housing news and the prospects of a mild Santa Claus rally.
Stock index futures mostly held their ground and indicated a higher open, despite a report showing the economy grew at a much slower pace than thought in the third quarter.
They looked like hot stocks. So how are the trader playing Morgan Stanley, Pulte and more now that they’ve been burned?
What follows is a roundup of corporate earnings reports for Tuesday, Dec. 2.
A mid-year slump for residential housing , no letup for foreclosures and say goodbye to bargain basement mortgage rates.
Home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes. David Goldberg, homebuilder and building products analyst at UBS, shared his insight on the housing market.