houses

Zillow Group Inc (NASDAQ:Z) reported first-quarter financial results after the market close on Wednesday. Here’s a rundown of the report. Q1 Revenue: $598 million, versus estimates of $586.54 million Q1 Adjusted EPS: 41 cents, versus estimates of 38 cents Total revenue was up 13% year-...

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

Mortgage rates spiked to their highest level in nearly two months, with the average 30-year fixed climbing to 7.1% on Friday, according to Mortgage News Daily. The sharp increase — 13 basis points in a single day — wrapped up one of the most turbulent weeks for bonds in decades. What To Know: The...

President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave.  The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...

Lennar Corp. (NYSE:LEN) released its first-quarter results after Thursday's closing bell. Here's a look at the details from the report.  The Details: Lennar reported quarterly earnings of $2.14 per share. which beat the analyst consensus estimate of $1.73. Quarterly GAAP revenue came in at $7.63...

BofA Securities analyst Rafe Jadrosich updated the price forecast for Lennar Corp (NYSE:LEN) to reflect the impact of the weak housing market and the Millrose Properties spin-off. The analyst slashed the price forecast to $130 from $140 while retaining a Neutral rating. Last month, the company...

TopBuild Corp (NYSE:BLD) shares and other construction-related companies are falling as investors react to U.S. tariff concerns that could drive up costs across the industry. What To Know: The new tariffs, imposed by President Donald Trump, include a 25% duty on imports from Mexico (currently...

Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants.  What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt,...

Shares of housing stocks including NVR Inc. (NYSE:NVR) and D.R. Horton Inc. (NYSE:DHI) traded higher on Monday, likely driven by a better-than-expected report on U.S. new home sales for December. What To Know: According to Reuters, the U.S. Commerce Department reported new home sales increased 3.6...

KB Home (NYSE:KBH) reported third-quarter financial results after the market close on Tuesday. Here’s a look at the key metrics from the quarter. Q3 Earnings: KB Home reported third-quarter revenue of $1.75 billion, beating analyst estimates of $1.728 billion. The U.S. homebuilder ...

Lael Brainard, the former vice chair of the Federal Reserve and current director of the National Economic Council, spoke at a Detroit Economic Club event Monday and discussed the current economic climate and why inflation has remained sticky. While she acknowledged that inflation has fallen from...

Lennar Corp (NYSE:LEN) reported its second-quarter financial results after the closing bell Monday. Here's a look at the key figures from the report.  The Details: Lennar reported quarterly earnings of $3.38 per share, which beat the analyst consensus estimate of $3.24 by 4.32%. Quarterly...

When the Federal Reserve began raising interest rates last year, many economists worried about a steep economic downturn and subsequent hit to the housing market. The economy held up surprisingly well, outperforming all expectations. But, now it appears that 40-year-high mortgage...

With a wealth of $239 billion, Elon Musk is the richest person in the world. Despite his large wealth, Musk has previously spoken out about material possessions and sold several houses he owned. A new report and internal probe showed a glass house may have been under construction for Musk in Texas...

After months of going down, sales of new homes unexpectedly increased despite widespread turbulence in the housing market. In August, new home sales increased by 28.8% to a seasonally adjusted annual rate of 685,000, the Census Bureau reported on Tuesday. Although the growth is positive for the...