homes

JPMorgan analyst Michael Rehaut reiterated the Underweight rating on LGI Homes, Inc. (NASDAQ:LGIH), lowering the price forecast from $52 to $47. On July 4, the company announced it closed on 457 homes in June 2025, lower than 571 homes in June 2024. As of June 30, 2025, LGI Homes had 146 active...

Economist Craig Shapiro has been calling for a national housing policy overhaul, as he believes the housing market is “rigged,” amid New York City mayoral candidate Zohran Mamdani‘s ambitious housing reform agenda. What Happened: In a detailed Substack essay and an X thread, the...

Lennar Corp. (NYSE:LEN) released its second-quarter results after Monday's closing bell. Here's a look at the key figures from the quarter.  The Details: Lennar reported quarterly earnings of $1.90 per share, which missed the Street estimate of $1.94. Quarterly revenue of $8.38 billion beat the...

KB Home (NYSE:KBH) reported first-quarter financial results Monday after the bell. Here’s a look at the key metrics from the quarter. Q1 Earnings: KB Home reported first-quarter revenue of $1.39 billion, missing analyst estimates of $1.50 billion. The U.S. homebuilder reported...

Fixed-rate mortgage rates have steadily declined, marking a third consecutive week of decrease. Freddie Mac's data shows that 30-year fixed-rate mortgage now averages 6.60%, significantly lower than the 6.95% rate from a year ago. "The combination of mortgage rate declines, firm consumer income...

Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve’s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19...

Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve’s upcoming rate cut decision. Both Lennar Corp (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM) surged to 52-week highs on Sept. 18, with Lennar reaching $190.12 and PulteGroup hitting $141.43. The rally...

Toll Brothers Inc (NYSE:TOL) reported third-quarter financial results that topped analyst expectations after the market close on Tuesday. Here’s a look at how the homebuilder fared during quarter. Q3 Earnings: Toll Brothers reported third-quarter revenue of $2.73 billion, beating the ...

Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (OTC:FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority (FHFA) said...

KB Home (NYSE:KBH) shares are trading higher after the company reported its second-quarter financial results Tuesday. Here's a look at the details.  The Details: KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78 by 20.79%. Quarterly...

A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates. What Happened: The median sale price of a home hit an all-time high of $390,613 in a recent report from Redfin...

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...

Lennar Corp (NYSE: LEN) shares fell late Wednesday despite better-than-expected results from the homebuilder. The stock is bouncing Thursday and Raymond James was out with some commentary on the quarter. Q4 Earnings Rundown: Lennar reported fourth-quarter...

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSE: NAIL) was surging more than 12% higher on Wednesday in an attempt to reverse course from its most recent downtrend that began on Aug. 17. NAIL is a triple-leveraged fund designed to outperform 52 U.S....

New home demand has deteriorated over the past few weeks due to the spike in mortgage rates, a sharp decline in consumer confidence and the weaker economic growth outlook, according to BofA Securities. BofA On Owens Corning Analyst Rafe Jadrosich downgraded the rating for Owens Corning (NYSE:...