Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.» Read More
Although the U.S. housing market is improving, some analysts are saying the run may be over for the home builder stocks.
“All went from being benign to pernicious in one week,” said Jim Cramer. “Is that possible?”
After some home builder stocks nearly doubled in 2012, one analyst says the group has gotten ahead of itself. But he has another stock that could double as housing recovers.
If the Fed stops buying bonds sooner than expected, is the rally dead? Find out from Jim Cramer.
Homebuilders may have dragged the S&P 500 today, but Toll Brothers CEO Douglas Yearley remains optimistic as he delivers insight on FY 2013 Q1 earnings. "We're going to have big numbers in the second half of the year," he said.
*Housing shares drop after Toll Bros results. NEW YORK, Feb 20- U.S. stocks fell the most in three months and a key gauge of market volatility spiked on Wednesday after minutes from the U.S. When it says we may end it faster, that just raises the uncertainty, and the market hates that, "said Todd Schoenberger, managing partner at LandColt Capital in New York.
Stocks ended near session lows Wednesday, with the S&P 500 and Nasdaq down more than 1 percent each, following the Federal Reserve's meeting minutes and as investors paused a day after all three major averages closed at fresh multi-year highs.
*First-quarter earnings $0.03/ share vs est $0.10. Feb 20- Toll Brothers Inc, the largest U.S. luxury homebuilder, closed fewer sales than analysts had expected in the first quarter and lagged a housing market recovery by missing Wall Street estimates on earnings, sending its shares down 7 percent.
*Housing shares drop after Toll Bros results. *Office Depot and OfficeMax confirm merger, Staples slumps. When it says we may end it faster, that just raises the uncertainty and the market hates that, "said Todd Schoenberger, managing partner at Landcolt Capital in New York.
*Housing shares drop after Toll Bros results. *Office Depot and OfficeMax confirm merger, Staples slumps. *Boeing rallies after Reuters report on battery issue.
Megan McGrath, MKM Partners analyst, breaks down the home builder's first quarter earnings, and explains why she has a "neutral" rating on the stock and a $33 price target.
Massive government budget cuts set to go into effect March 1 would be, "deeply destructive" to all aspects of the housing market, US Secretary of Housing and Urban Development Shaun Donovan told a Senate panel last week. Here's why.
In a market environment littered with deals, CNBC's Jim Cramer sees a growing divergence between market pros on the bullish and bearish ends of the spectrum.
*Office Depot, OfficeMax confirm merger. NEW YORK, Feb 20- U.S. stocks were little changed on Wednesday after housing and inflation data pointed to a continuation of modest economic improvement and ahead of the minutes from the Federal Open Market Committee's January meeting later in the session.
Is housing slowing down? January housing starts, at 890,000, was below expectations of 925,000, which follows the poor showing of the National Association of Home Builders builder sentiment index.
*Producer Prices rise for first time in four months. NEW YORK, Feb 20- U.S. stocks were poised for a flat open on Wednesday as data showed the economy continues to show modest improvement before the minutes from the Federal Open Market Committee's January meeting later in the session.
U.S. stock index futures briefly dipped Wednesday following a weaker-than-expected housing starts report, but rebounded into positive territory ahead of the minutes from the Federal Reserve's latest meeting and a day after all three major averages closed at fresh multi-year highs,
Toll Brothers, the largest luxury home builder in the U.S., reported first-quarter results well below analysts' estimates, hurt by lower selling prices and higher costs.
NEW YORK, Feb 20- U.S. stock index futures edged lower on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting. Housing starts and permits for January along with the January producer price index are due at 8:30 a.m..
Some of the names on the move ahead of the open.