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Housing Market: Builders Forge Ahead As Buyers Enter 'Acceptance Phase' On Rates
Friday, January 17, 2025 - 1:45pm | 485A flurry of new data is in and the housing market is flashing mixed signals from builders, buyers and analysts. Here’s what you need to know. The Data: The Census Bureau and the Department of Housing and Urban Development December housing data released Friday was mixed with housing starts...
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Homebuyers Turn Screws On Builders As Mortgage Rates Are Telegraphed To Fall
Thursday, August 29, 2024 - 3:49pm | 696Prospective homebuyers are holding off on buying new homes as they bet on mortgage rates falling further, causing slow home sales, according to builders. And why wouldn’t they wait? In the week ending Aug. 23, the average contract interest rate for 30-year fixed-rate mortgages with conforming...
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KB Home Earnings: Door Will Swing Open To Reveal Homebuilding Industry's Health
Wednesday, June 21, 2023 - 1:15pm | 587Prominent homebuilder KB Home (NYSE:KBH) is expected to issue its second quarter earnings on Wednesday after market close, here's what investors need to know about the numbers, home prices, and recent homebuilder sentiment. By The Numbers: Analysts expect the Los Angeles, California-based...
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Nasdaq, S&P 500 Futures Point To Lackluster Start As Traders Mull BoJ's Policy Move: Tesla, Nike, BlackBerry, Housing Starts Data In Focus
Tuesday, December 20, 2022 - 7:05am | 1192US stocks look set for a modestly lower opening on Tuesday, as bargain hunting following four straight sessions of losses could mitigate the impact of an unexpected policy move by the Bank of Japan, or BoJ. BoJ, led by Haruhiko Kuroda, said it will allow yields on the 10-year government bonds...
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'More Downside In Housing': Homebuilder Sentiment Drops To Lowest Level In 10 Years
Wednesday, November 16, 2022 - 3:25pm | 519Homebuilder stocks traded lower on Wednesday after yet another economic data point indicated the downturn in the U.S. housing market has continued in November. What Happened? The National Association of Home Builders monthly housing market index came in at 33 for November, down from 38 in October...
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Home Prices Are Dropping: Is This A Good Time To Buy A House?
Wednesday, November 16, 2022 - 1:32pm | 954Investing in real estate is often seen as a surefire way of hedging against inflation and acquiring an asset that will most likely appreciate in value over the long run. That’s certainly been true for the past 10 years. From the first quarter of 2013 to the second quarter of 2022, house...
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US Weekly Rail Traffic Sinks Even Further Amid Headwinds
Thursday, April 16, 2020 - 10:20am | 1421U.S. weekly rail volumes tumbled nearly 22% last week as COVID-19 and lower crude oil prices take their toll on carloads. Rail traffic in the U.S. for the week ending April 11 totaled 412,503 carloads and intermodal units, a 21.9% decline from the same period in 2019, according to the Association...
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Homebuilders Under Pressure After Housing Market Index Hits 8-Month Low
Tuesday, July 18, 2017 - 1:42pm | 522Housing stocks moved to the downside on Tuesday, with the SPDR S&P Homebuilders (ETF) (NYSE: XHB) down about 1 percent and stocks such as KB Home (NYSE: KBH), Toll Brothers Inc (NYSE: TOL), Lennar Corporation (NYSE: LEN) and D.R. Horton, Inc. (NYSE: DHI) also trending lower. The...
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Sell-Side Reactions To Home Depot's Q3
Wednesday, November 16, 2016 - 3:41pm | 433Home Depot Inc (NYSE: HD) reported beat-and-raise results for its third quarter on strong demand from professional contractors, growth in big-ticket projects and favorable weather. Argus: Buy, $154 Price Target Argus maintains its Buy rating and $154 price target on Home Depot, saying the home...
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Housing Sector In Focus Amid Several Data Points This Week
Monday, September 19, 2016 - 12:10pm | 297The SPDR S&P Homebuilders (ETF) (NYSE: XHB) advanced about 1.7 percent Monday morning after the National Association of Home Builders reported improved confidence on the sector. The NAHB's index for builder sentiment jumped six points and topped the Street expectations. The Index moved up to 65...
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NAHB Housing Market Index Coming At 10 a.m. EST
Monday, June 15, 2015 - 9:38am | 103The National Association of Home Builders will release its monthly Housing Market Index at 10 a.m. EST. The index measures the relative levels of current and future single-family home sales, using survey data from about 900 American home builders. A rating of above 50 signals a favorable outlook on...
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Homebuilding Stocks Fall Amid Housing Market Index Report
Tuesday, January 20, 2015 - 2:11pm | 237Shares of homebuilder stocks fell Tuesday amid the January release of the National Association of Home Builders/Wells Fargo Housing Market Index which declined one point to 57. The latest reading marks the third straight month that the index has hovered in the upper 50s range. “After...
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Housing Market Recovering, New Home Sales Up 2.3 Percent in April
Thursday, May 23, 2013 - 3:53pm | 318The U.S housing market continues to swing towards a recovery as positive data on new home sales were released earlier today. According to Reuters, the sale of new single family homes rose 2.3 percent in April. The Commerce Department noted in the article that sales have increased to a...
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Report Indicates Economic Expansion at Moderate Pace
Monday, May 20, 2013 - 10:50am | 701The Chicago Fed National Activity Index was published Monday morning with a metric that points to a slowdown in growth in April, but a view over the past three months suggests economic growth is continuing around the economy's long run potential growth rate. This measure is a comprehensive look...
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Two Steps Forward, One Step Back
Tuesday, May 18, 2010 - 1:02pm | 764A week ago, I, along with the vast majority of investors, was staring down one of the worst trading days in recent history. For those not familiar with what I am describing, on May 5 the three major stock indexes - the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite - were...