Land shortage may provide an unforeseen roadblock to U.S. housing market's full comeback.» Read More
NEW YORK— Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. Johnson& Johnson rose 2 percent after its income rose. Toll Brothers and other homebuilders fell after a measure of the industry's confidence in the housing market remained low.
The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..
NEW YORK, April 4- In Indianapolis, an open house event tends to draw 10 people on a good day. "The realtor was dumbfounded," said Block, vice president of lending at Austin, Texas- based Open Mortgages, which has branches near Indianapolis.
More homes are being built fully equipped with home automation systems before hitting the market. Control4 Chairman and CEO Martin Plaehn, discusses the partnership with Toll Brothers to bring smart technology to the home owner before they pick up the keys.
CNBC's Diana Olick reports the first time home buyer has gotten out of the market, and the higher end buyer is able to get in right now.
*S&P/Case-Shiller home price index up 0.8 pct in December. *Toll Brothers', Home Depot's results cloud housing outlook. Feb 25- U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.
Earnings from Toll Brothers and Realogy beat expectations. Their CEOs say the healthy performance had a lot to do with higher home prices.
Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a fall in quarterly orders for the first time in three years as a severe winter deterred buyers.
While the major indexes rallied on Monday, most people failed to notice the poor close.
Some of the names on the move ahead of the open.
Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 52 percent jump in quarterly revenue as it sold more houses at higher prices in a recovering housing market. Net income jumped to $45.6 million, or 25 cents per share from $4.4 million, or 3 cents per share.
Feb 25- Toll Brothers Inc, the largest luxury U.S. homebuilder, reported a more than 10- fold jump in quarterly profit as the U.S. housing market recovers. Revenue soared 52 percent to $643.7 million in the first quarter ended Jan. 31. Net income rose to $45.6 million, or 25 cents per share from $4.4 million, or 3 cents per share, a year earlier.
Two big retailers' earnings, home price data and consumer confidence could swing market focus back to the economy Tuesday.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
If there's a Holy Grail in the stock market, Cramer says it's got to be this.
The "Fast Money" traders share their final trades of the day.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
*Net income jumps 86 pct to $123.2 mln. Jan 28- Homebuilder D.R. Horton Inc's sales pace picked up in January ahead of what it said would be a "very strong" spring selling season as Americans become more comfortable with higher mortgage rates in a stabilizing U.S. economy.
Jan 28- D.R. Horton Inc, the largest U.S. homebuilder, reported a rise in orders for the quarter ended December and said its sales pace picked up this month as stabilizing mortgage rates and signs of an economic recovery spur housing demand.
Some of Friday's midday movers: