(AA) Stock Market News for August 25, 2010
U.S. stocks plunged on Tuesday, falling to their seven-week lows, on renewed fears that the recession is beginning to spread its tentacles. A large drop in existing home sales also disappointed...
View Article(DHI) U.S. New Home Sales Decline 12.6%
The feeble condition of the homebuilding industry has once again reflected in the home sales statistics for January. New home sales dropped 12.6% to a seasonally adjusted 284,000 units from 325,000...
View Article(AXR) Home Sales Take Another Dive – ValuEngine Ratings for Home Builders...
We had poor home sales data last week–new housing starts came in at their lowest levels since 1974. Today, we got even more. New home sales fell yet again and came in at a new record low. The US...
View Article(DHI) U.S. Housing Industry Still Struggling
The prolonged weakness in the housing industry has extended up to February 2011. Housing starts fell 22.5% year over year to a seasonally-adjusted annual rate of 479,000 units in February, in contrary...
View Article(MTH) Meritage Homes Corporation Expands in Raleigh-Durham
Meritage Homes Corporation (MTH) wants to expand in the Raleigh-Durham market of North Carolina, so it recently purchased 46 one-acre home sites at the Inwood Forest community in south Raleigh The...
View Article(DHI) U.S. Existing Home Sales Up in April
The existing home sales in the U.S. rose in April, marking the second consecutive month of improvement in previously owned homes. Total purchases of existing houses stood at a seasonally-adjusted...
View Article(DHI) Double Dip in Housing is Official – ValuEngine.com Chief Market...
The latest Case-Shiller data–released today, confirms that housing prices in the U.S. are suffering from a double dip. Home prices fell 4.2% in the first quarter of 2011 and have a hit a new...
View Article(BZH) Homebuilders Settle Land Dispute
Three of the largest homebuilders in the U.S., including Beazer Homes USA Inc. (BZH), KB Home (KBH) and Toll Brothers Inc. (TOL), have decided to pay lenders up to $340 million to meet their claims and...
View Article(AXR) U.S. Home Builders Rated by ValuEngine.com
The housing market continues to struggle as news today indicates that new-home sales fell during July to the lowest level in five months. Sales decreased by 0.7% on a monthly basis to a seasonally...
View Article(DHI) Weakness Prevails in U.S. Housing
The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook. Poor...
View Article(MTH) Meritage Homes Issues Notes
Home builder Meritage Homes Corporation (MTH) recently announced that it will redeem its 6.25% senior notes due 2015 carrying an aggregate principal amount of $285 million. In order to pay off this...
View Article(LEN) Homebuilding Stock Review and Outlook – September 2012 – Industry Outlook
With a gradual recovery in the overall economy, the homebuilding industry is finally seeing signs of stabilization in 2012. The downturn during 2006-2007 had hit the homebuilding sector hard. We...
View Article(XHB) Stock Market News for September 26, 2012 – Market News
Benchmarks lost out on their their initial gains to close in the red following comments made by a key Fed official. The official said the central bank’s bond buying program will not be effective...
View Article(XHB) Stock Market News for September 24, 2012
Benchmarks ended almost flat on Friday despite the initial push by Spain’s bailout hopes and the initiation of Apple’s iPhone 5 sales. Investors cheered Apple’s recent event and helped its shares to...
View Article(CAT) Stock Market News for October 26, 2012 – Market News
Benchmarks added paltry gains following a batch of mixed earnings releases and positive domestic and international economic data. This was only the second day this week that benchmarks managed to...
View Article(XHB) Stock Market News for November 21, 2012 – Market News
Federal Reserve Chairman Ben Bernanke’s statement that the central bank does not have tools to combat the impending “fiscal cliff” dilemma ended benchmarks’ two-day rally. Moreover, a report from the...
View Article(XHB) Stock Market News for November 20, 2012 – Market News
Benchmarks carried their winning momentum into the second-consecutive trading day, banking on optimism about positive developments regarding the “fiscal cliff” dilemma. Markets were also encouraged by...
View Article(ASP) Homebuilding Stock Review & Outlook – Jan 2013 – Zacks Analyst Interviews
After the tough years 2006-2007, the housing market is now recovering steadily. The stability in the home buying market, combined with low interest rates and increased rentals, have increased the...
View Article(MTH) Meritage Homes Upped to Strong Buy
On January 12, Zacks Investment Research upgraded homebuilding company Meritage Homes Corporation (MTH) to a Zacks Rank #1 (Strong Buy), driven by consistent strong performance for the past two...
View Article(ASP) Homebuilding Stock Outlook – May 2013 – Zacks Analyst Interviews
The housing market has steadily made a comeback from the lows witnessed in mid-2006 from the severe and widespread downturn. The stability in the home buying market, combined with low interest rates...
View Article(ASP) Homebuilding Stock Outlook – May 2013 – Zacks Analyst Interviews
The housing market has steadily made a comeback from the lows witnessed in mid-2006 from the severe and widespread downturn. The stability in the home buying market, combined with low interest rates...
View Article(RYL) Ryland Group Unveils New Community
California-based homebuilder Ryland Group Inc. (RYL) recently opened a new community named Enclave, which is located at Aloma in Winter Park, Florida. In addition, the company declared its quarterly...
View Article(DHI) D.R. Horton Upped to Outperform
On May 15, we upgraded our recommendation on D.R. Horton Inc. (DHI) from Neutral to Outperform following solid results in the second quarter of fiscal 2013.D.R. Horton now carries a Zacks Rank #1...
View Article
