DR Horton fell$. 39 or 1.6 percent, to $23.47. Hovnanian Enterprises Inc. fell$. 14 or 2.7 percent, to $5.08. Lennar Corp. fell$. 84 or 2.0 percent, to $42.06.» Read More
DR Horton rose$. 70 or 2.9 percent, to $24.84. Hovnanian Enterprises Inc. rose$. 29 or 5.0 percent, to $6.12. Lennar Corp. rose $1.69 or 4.0 percent, to $43.95.
CNBC's Diana Olick spoke to Ivy Zelman of Zelman & Associates about the current housing industry conditions.
WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, but the bounce was likely to be short-lived amid signs of a broader weakness in the housing market.
NEW YORK, Feb 26- U.S. The U.S. government bond market enjoyed a brief safe-haven rally after Russian President Vladimir Putin put combat troops on high alert for war games near Ukraine, following the toppling of its ally Viktor Yanukovich as president, traders said.
Ivy Zelman, Zelman & Associates CEO, shares her top large cap and small cap housing stock picks.
Ivy Zelman, Zelman & Associates CEO, provides insight on the drop in mortgage applications, and interest in new homes. "We have seen easing of credit," she explains.
Ivy Zelman, Zelman & Associates CEO, discusses the current housing environment, and pricing power for the home builders.
DR Horton rose$. 19 or. 8 percent, to $24.33. Hovnanian Enterprises Inc. rose$. 13 or 2.2 percent, to $5.96. Lennar Corp. rose $1.11 or 2.6 percent, to $43.37.
US TREASURIES 10 YEAR, 30 YEAR YIELDS EDGE HIGHER AFTER RISE IN JANUARY NEW HOME SALES.
WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, which could ease concerns of a sharp slowdown in the housing market. The Commerce Department said on Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units, the highest level since July 2008.
WASHINGTON-- The Commerce Department reports on sales of new homes in January. The report is scheduled to be released at 10 a.m. EST Wednesday. WINTER WEATHER: If new home sales fall in January, it would mark the third straight monthly decline.
*Property index has fallen 10 percent in three months. BANGKOK, Feb 26- Political unrest and an over-supplied $20 billion real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off a bubble.
DR Horton rose$. 43 or 1.8 percent, to $24.14. Hovnanian Enterprises Inc. rose$. 09 or 1.6 percent, to $5.83. Lennar Corp. rose$. 44 or 1.1 percent, to $42.26.
DR Horton rose$. 16 or. 7 percent, to $23.87. Hovnanian Enterprises Inc. rose$. 01 or. 2 percent, to $5.75. Lennar Corp. rose$. 40 or 1.0 percent, to $42.22.
*S&P/Case-Shiller home price index up 0.8 pct in December. *Toll Brothers', Home Depot's results cloud housing outlook. Feb 25- U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.
DR Horton fell$. 11 or. 5 percent, to $23.60. Hovnanian Enterprises Inc. fell$. 01 or. 2 percent, to $5.73. Lennar Corp. fell$. 25 or. 6 percent, to $41.57.
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.
I think there are pitfalls ahead and this momentum will dissipate, says Robert Shiller, co-founder Case-Shiller Index, discussing the latest home sales data and providing his outlook on the housing market. Shiller also weighs in on the Fed's influence on housing.
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.