Some of Monday's midday movers:» Read More
As home builders try to gain more business, more will be going after the entry-level buyer, real estate expert Bradley Hunter told CNBC Wednesday.
"This is welcome news in an otherwise mixed outlook," said Diane Swonk, chief economist at Mesirow Financial in Chicago. New home sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units, a second straight monthly gain that took them to the highest level since May 2008, the Commerce Department said on Wednesday.
The PHLX Housing index was down 0.1 percent after earlier falling as much as 1.3 percent on the back of results at KB Home. KB Home fell 6.1 percent to $15.92 following third-quarter earnings and sales that missed expectations. D.R. Horton Inc fell 0.4 percent to $21.20 while Beazer Homes was off 0.7 percent at $17.80.
NEW YORK, Sept 22- U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy.
NEW YORK, Sept 3- U.S. stocks ended mostly down on Wednesday, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before the European Central Bank's upcoming policy meeting. Apple shares slid 4.2 percent to $98.94 in their worst percentage decline since Jan. 28.
NEW YORK, Sept 3- The Nasdaq dropped on Wednesday, led by a decline in Apple shares, while other leading indexes were little changed. Apple shares were down 4.1 percent at $99.07, heading toward their worst percentage decline since Jan. 28.
Sept 3- Toll Brothers Inc is finally feeling the pinch as a steep rise in home prices discourages even the most affluent Americans from buying its luxury homes. "Even though Toll targets the high-end luxury buyer, pricing has been pushed so high already that at some point the buyer is going to walk away," Morningstar Inc analyst James Krapfel told Reuters.
NEW YORK, Sept 3- The key Nasdaq index fell on Wednesday as a drop in Apple shares pulled down the technology sector, while earlier gains in the broader S&P 500 dissipated amid uncertainty over ceasefire negotiations between Ukraine and Russia.
NEW YORK, Sept 3- U.S. stocks rose on Wednesday, with the S&P 500 touching a new record high on optimism a resolution would be reached between Ukraine and Russia and data showing manufacturing activity continues to strengthen.
NEW YORK, Sept 3- U.S. stocks were set to open higher Wednesday on optimism a resolution would be reached between Ukraine and Russia and ahead of the latest round of data which could provide insight on the health of the U.S. economy.
U.S. stock index futures and European indexes traded higher on Wednesday amid the possibility of a "cease-fire" between Russia and Ukraine.
*Toll Brothers advances after results. NEW YORK, Sept 3- U.S. stock index futures rose on Wednesday, on hopes a resolution would be reached between Ukraine and Russia and ahead of the latest batch of data which could provide insight on the health of the economy.
Some of the names on the move ahead of the open.
Sept 3- Toll Brothers Inc's quarterly income more than doubled as the largest U.S. luxury homebuilder sold more homes at higher prices. No.1 U.S. homebuilder D.R. Horton Inc, which mainly serves first-time buyers, had to offer discounts to boost sales in some markets in its quarter ended June 30.
Sept 3- Toll Brothers Inc's quarterly income more than doubled as the largest U.S. luxury homebuilder sold more homes at higher prices. The company's net income jumped to $97.7 million, or 53 cents per share, in the third quarter from $46.6 million, or 26 cents per share, a year earlier.
WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead. "The housing market continues to recover," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.
Furthermore, the solid activity reported in new construction and by Home Depot Inc in its quarterly report on Tuesday may in part be due to activity delayed by bad weather in the first quarter.
Some of Tuesday's midday movers:
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The New York real estate market is hot, hot, hot but get ready — it could pop at any minute, says hedge-fund manager Todd Schoenberger.