homebuilders

Homebuilder stocks are on the rise as the Federal Reserve is expected to cut rates later this week, mortgage rates are on the decline and Democratic presidential candidate, Vice President Kamala Harris, proposes a homeownership plan that involves building three million new homes. The Fed is...

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 ...

Homebuilder stocks surged to record highs on Friday, driven by a positive inflation report that cemented expectations for interest rate cuts in September. The Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite inflation measure — fell from 2.6%...

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...

Homebuilder stocks face sharp declines as the SPDR Homebuilders ETF (NYSE:XHB) drops 1.8% in Tuesday’s session, hitting its lowest level since Feb. 26, 2024, amid negative economic data. From the start of the month, this performance gauge has fallen approximately 10%, marking the first...

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...