homebuilders

New housing projects initiated by homebuilders in February exceeded expectations, reversing the downward trend seen in January due to severe winter storms. Housing starts soared by 10.7% month-on-month in February to an annualized rate of 1.521 million, beating forecasts of 1.425 million. Much of...

Lennar Corp (NYSE:LEN) is the last of the major homebuilders to report earnings for the October-December period on Wednesday and gives the market an update on the state of the homebuilding industry. Consensus estimates suggest earnings per share of $2.21, up 4.2% from the $2.12 reported in the same...

Has Warren Buffett abandoned his investment thesis? Perhaps he couldn’t resist the allure of profits from home builder D.R. Horton Inc (NYSE:DHI), whose price popped 70% in 2023. The Oracle of Omaha jettisoned his stake in D.R. Horton after holding it for less than a year. That’s...

Toll Brothers Inc (NYSE:TOL) shares jumped 5% on Wednesday after the company reported better-than-expected results, and offered a brighter outlook for homebuilders than recent data have suggested. Shareholders would also have been pleased to learn the company plans to announce cash returns through...

Rising mortgage rates in 2023 drove the number of U.S. home loan applications to 28-year lows — but not all potential buyers were put off by rising costs, as cash sales became increasingly popular. The average 30-year mortgage rate rose to 6.69% in the week to Jan. 25, according to data from...

Shares in homebuilders fell sharply this week following fourth-quarter results from D.R. Horton Inc (NYSE:DHI) which showed the company had to pile on the sales incentives to generate its top-line growth. Thus, even though the biggest house builder in the U.S. generated annual revenue growth of 6.4...

Mortgage rates are in “rapid descent” according to mortgage securities broker Freddie Mac, which means homes should become more affordable for Americans who may have been priced out of the housing market when rates hit their peak. The average rate of interest on a 30-year mortgage stood...

As the slowdown in home sales continues through 2023, homebuilders could be facing a tough few months in early 2024 as interest rates remain at multi-year highs and the labor market growth begins to stall. While sales are falling — largely due to affordability issues given higher interest rates —...

This past week had all the potential to see a revival of the great bull market of 2023. The September inflation data, Apple’s latest product announcements, and Arm’s IPO all seemed had the possibility to reignite the fire of bullishness for investors. By Friday’s close,...

Lennar Corporation (NYSE:LEN), one of the leading homebuilders in the United States, is set to unveil its third-quarter results after the market closes this Thursday. As investors eagerly await this update, here’s a closer look at what you need to know ahead of Lennar’s third-quarter...

Warren Buffett's Berkshire Hathaway introduced new stakes in D.R. Horton Inc, NVR Inc, and Lennar Corp last quarter according to a recent 13F filing Did you notice the surge in some homebuilder stocks on Monday during the aftermarket session? The reason behind this jump is Berkshire Hathaway...

DR Horton Inc (NYSE: DHI) and Lennar Corporation (NYSE: LEN) shares are trading higher in the after-hours session Monday after Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) took share stakes in the companies. What To Know: According to a new regulatory filing, the Warren Buffett-led...

U.S. antitrust regulators in July proposed guidelines geared toward making their legal challenges to mergers and acquisitions succeed — a move that appears to be aimed at the technology sector but affects every industry, including homebuilding. The Department of Justice (DOJ) and Federal...

With Quiver Quantitative’s recent institutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in Toll Brothers (NYSE: TOL). Firms such as Fidelity Investments, Greenhaven Associates, and Acadian Asset Management have...

Despite high interest rates, the nationwide housing shortage has given homebuilders a boost. New home sales spiked 20% year over year with 763,000 houses sold in May. Of all the new homes available in the U.S., 28% are offered by homebuilders compared to the historical norm of 13%, according to a...