Despite today's disappointing GDP, the market uptrend remains intact.» Read More
WASHINGTON-- Sales of new homes likely rose in April, evidence that the housing market is gaining strength during the critical spring buying season. The report from the Commerce Department is due at 10 a.m. Eastern. In March, sales increased to a rate of 417,000. That was close to January's pace of 445,000, the fastest since July 2008.
NEW YORK-- Homebuilders' shares are getting a lift Wednesday following Toll Brothers' strong second-quarter performance and a healthy housing report. Earlier in the day, Toll Brothers Inc. reported quarterly earnings of 14 cents per share on revenue of $516 million.
NEW YORK-- Shares of homebuilders tumbled Thursday on a report that U.S. builders broke ground on fewer homes in April, but analysts said the drop could be looked at as a buying opportunity. According to the Commerce Department, builders started construction at a seasonally adjusted annual rate of 853,000, a 16.5 percent drop from the March pace of 1.02 million.
WASHINGTON-- Builders likely broke ground at a slightly slower pace in April but activity was expected to remain close to the 1- million mark. The Commerce Department will release the report at 8:30 a.m. EDT Thursday.
WESTLAKE VILLAGE, Calif.-- Ryland Group Inc.' s strong sales trends from the first three months of the year have continued into April, suggesting a healthy spring selling season for the homebuilder.
April 29- Ryland Group Inc:. *S&P Capital IQ raises to hold from sell; raises price target by $19 to $53. Reuters Station users, click. 1568.
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.
Revenue shortfalls continue; companies seeking to raise dividends, increase buybacks.
Several of the largest U.S. public home builders will report earnings next week, and analysts are looking for guidance as to whether the housing recovery may be stalling.
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:
Stocks closed in the red Monday, with the S&P 500 moving further away from its all-time high, amid worries over the bailout news in Cyprus and over fears the euro zone's bigger troubled economies such as Spain and Italy may follow suit.
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.
Stocks finished modestly higher across the board Tuesday, with the Dow and S&P 500 closing at their best levels since October 2007, lifted by optimism for more M&A deals and after positive economic data from Europe.
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.
One problem with stocks at new highs: Corporate buybacks have been dropping, hitting an eight-month low last week, according to TrimTabs.
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.
If there is any bright side to the report, it's that the Federal Reserve is unlikely to make noises about ending its stimulus program any time soon.