Home builder Toll Brothers reported a loss for its fiscal second quarter Wednesday that was slightly wider than analysts predicted, as revenue halved from the same period a year ago.
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Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.
KB Homes is up nearly 6 percent along with heavy options activity, as traders may be thinking that housing prices are finally hitting bottom.
Stocks ended lower Wednesday as banks and techs pulled back and comments from the Fed poured water on the flicker of optimism.
Stocks pared their gains Wednesday as banks pulled back but investors remained hopeful that the worst may be over for the economy.
Stocks shot out of the gate Wednesday as banks rallied after Bank of America moved to boost capital and investors were hopeful that the worst may be over for the economy.
Stock index futures pointed a higher open Wednesday as investors looked for insight on the Federal Reserve's recovery strategy and Bank of America moved to boost capital.
Stocks start Wednesday in what could be a low volume walk up to the three-day Memorial Day weekend. With the absence of much other news, traders this week have been looking over their shoulders at the credit markets, where a rush of new debt issuance is flashing positive signs for the economy.
A big rise in bank stocks combined with an influx of bargain hunters Monday helped stocks reverse much of the effects of last week's slump.
Options trading turned bullish in Lennar Monday, after Citigroup predicted that the home builder will survive the housing bust. Call volume surged to 12,428 contracts, more than triple the 20-day average...
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