More than 60 percent of builders surveyed in May reported that the overall supply of developed lots is low.» Read More
November's disappointing new home sales data didn't cause widespread pessimism on home builder stocks. David Urani of Wall Street Strategies and Steve Kim of Alpine Mutual Funds are still bullish on the sector, and think it's a good place to invest in 2010.
Housing stocks are again the downside leader today, what's up? This has been a tough week for homebuilding and building material stocks. In less than two days, some big names are down double digits.
With nearly 150 more companies due to flood the Street with earnings the bulls appear to be getting a little tired. Is this the pause that refreshes or are investors growing concerned?
Following are the day’s biggest winners and losers. Find out why shares of Barrack Gold and Standard Pacific popped while Amazon and Disney dropped.
Following are the day’s biggest winners and losers. Find out why shares of Palm and Nomura Holdings popped while Simon Property Group and Walgreens dropped.
Plus, debating Merrill Lynch CEO John Thain's potential severance package.
For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.
These stocks are only a couple of bucks a pop, but don't let that fool you into thinking they're cheap.
If it worked for President Gerald Ford in 1975, it could work now.
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...
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.
I’m working on a story for TV today about which builders are in the deepest doo-doo after the Commerce Dept. reports single family permits down 6.2 percent in January. Permits are down 30 percent since the August credit freeze and down 57 percent from their peak in September of 2005.
Betting on real estate these days is not for the faint of heart. Between the housing correction, economic uncertainty, the credit crisis and predicted softening in the commercial property markets, determining where to invest for future returns requires an extra dose of due diligence and, let's face it, good old-fashioned courage.
The rally held. This was an important day, a day where the "sell in the last hour" juggernaut was broken, at least for the moment. There are many reasons, but short covering is the key: 1) Short covering in financials.
Without a dire market, the Fed won’t move.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Shares of home builders soared on Monday as a frenzy of short sellers bought stock to cover their positions, giving the overall housing stock index its greatest one-day gain in about five years.
Here are my morning observations: 1) If there's anything there is a consensus on, it's that the four-year decline in volatility is now ending. The implications of this are very important for hedge funds and active investors, particularly those that employ a quantitative strategy: 1) fewer concentrated portfolios (spreading out risk), 2) an unwinding of leverage, and 3) sector rotation.
House prices across the nation declined by 3.2% in the second quarter from a year earlier, suggesting the housing downturn has deepened, according to the S&P/Case-Shiller Index.
Another day of big volume and big volatility. Why the late-day turnaround? With volatility like this, it's no wonder traders are lost and confused; the momentum guys are not sure if they should be buying or selling.
With stocks in rally mode, it's appropriate to drill down for answers as well as take a look at some key sectors.