Land shortage may provide an unforeseen roadblock to U.S. housing market's full comeback.» Read More
Take a look at some of Monday's midday movers:
NEW YORK, Oct 28- U.S. stocks were little change on Monday as investors found few reasons to keep pushing shares higher after the S&P 500 climbed to a series of records on expectations for continuing Federal Reserve stimulus.
*Sets aside $1.6 billion to invest in land in 2014. Oct 24- PulteGroup Inc, the No. 2 U.S. homebuilder, said a slowdown in new home orders would be "short-lived" as Americans return to the market after a period of economic uncertainty. PulteGroup also reported fatter margins and higher selling prices for the third quarter.
Oct 24- PulteGroup Inc, the No.2 U.S. homebuilder, booked fewer orders for new homes in the third quarter as demand was hurt by a rise in mortgage rates and the threat of a debt default by the U.S. government. The shortage of ready-to-develop land has also affected PulteGroup and D.R. Horton Inc, the largest U.S. homebuilder, more than their peers.
What happens if we go past October 17? Markets will certainly move lower, and the downside would likely be another five percent.
Some of the names on the move ahead of the open.
Stocks stumbled in the final minutes of trading to end near session lows Tuesday, with the Dow and S&P posting their fourth-straight session in the red, as investors remained cautious amid uncertainties surrounding central bank's stimulus program and budget discussions in Washington.
Homebuying has remained "pretty strong" despite higher mortgage rates, but refinancing has dropped "quite a bit," Bank of America CEO Brian Moynihan told CNBC.
I would look at something like a PFF," Ritholtz Wealth Management's Josh Brown says.
No matter what decision the Fed makes on tapering, it "can't change housing demographics," Toll Brothers CEO Douglas Yearley says.
David Neithercut, Equity Residential CEO, and Doug Yearly, Toll Brothers CEO, discuss their real estate partnership and the pros and cons of renting versus owning a home.
Not so fast. There was another catalyst behind the rally – something unexpected and not widely talked about.
Talking Squawk—the official blog of everything "Squawk Box"—is back from hiatus and chock-full of goodies.
With rising interest rates and market uncertainty on the Federal Reserve, investors should avoid homebuilder stocks, two market pros told CNBC.
Mortgage rates rising from their record low levels probably will affect the housing recovery, but how? It depends on whom you ask.
Lowe's profit blew past Wall Street expectations, but valuations are looking somewhat stretched. Is this the top for home improvement?
U.S. stock index futures were lower on Wednesday ahead of the release of the July minutes from the Federal Reserve's last policy meeting.
Tapering of the Fed's $85 billion monthly bond purchases has been discussed for months, driving interest rates higher.
Clearly demand is starting to sag, inventory is actually coming up, so the market is getting better balance, says Glenn Kelman, Redfin CEO, with a closer look at the real estate industry.
The recent pullback in housing stocks has created opportunity for investors to buy on weakness and some individual names stand out from the pack, analysts told CNBC.