Retail sales, at down 0.3 percent, was below expectations of a gain of 0.5 percent, though November was revised upward, while first time unemployment claims rose slightly more than expected for the week.
Lennar announced that orders for new homes increased for the first time in more than three years. It also posted a quarterly profit. What does this mean for the industry? James McCanless, senior homebuilding analyst at FTN Equity Capital Markets, shared his analysis.
The latest data from S&P/Case Shiller’s monthly report showed that home prices are still improving. But David Goldberg, building and building products analyst at UBS, said the group is still overvalued by 10 to 15 percent. What does this mean for the homebuilder stocks going forward?
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The S&P 500 touched a 14-month high on Tuesday as investors bet on a housing market comeback in 2010.
Wall Street continued its push for a happy holiday, with stocks closing higher Tuesday as investors focused on positive housing news and the prospects of a mild Santa Claus rally.
Stock index futures mostly held their ground and indicated a higher open, despite a report showing the economy grew at a much slower pace than thought in the third quarter.
They looked like hot stocks. So how are the trader playing Morgan Stanley, Pulte and more now that they’ve been burned?
What follows is a roundup of corporate earnings reports for Tuesday, Dec. 2.
A mid-year slump for residential housing , no letup for foreclosures and say goodbye to bargain basement mortgage rates.
Home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes. David Goldberg, homebuilder and building products analyst at UBS, shared his insight on the housing market.
This stock is a sell, sell, sell, he says.
The latest American Institute of Architects Billings Index was released yesterday showing an increase in inquiries but a slight decrease in billings. Inquiries hit their highest level since August 2008, right before Lehman's collapse and the market's nosedive.
For the first time in a long time the S&P 500 and the dollar traded in tandem with a weaker dollar failing to spark a rally.
With housing starts out on Wednesday, how should you game the homebuilders?
With Monday's extension of the current rally, all but one of the S&P 500 now have market caps over $1 billion. 32 of these are still trading for less than $10 per share.
Following are the day’s biggest winners and losers. Find out why shares of Dow Chemical and Frontline popped while Pulte Homes and The Buckle dropped.
Historically and on average, the U.S Markets have been up about 58% of the time or more on the day of Veterans' Day. The S&P has averaged best of the major indices on the day of Veterans' Day, up an average of 0.1% and up 64% of the time.
Here's a sweet real-estate deal: This town is selling three homes in its downtown area for $1 AND it will pay YOU $10,000 to buy one. So why aren't there any takers?
Last Friday's employment report from the US Bureau of Labor Statistics showed that the unemployment rate is now at 10.2%, its first foray above 10% and its highest level since 1983. What lessons, if any, can we get from what happened to the markets when unemployment soared back then?