Markets

US housing starts smash July forecasts, surge by the most since 2016

US housing starts jumped 22.6% in July to a seasonally adjusted 1.5 million, the Commerce Department reported Tuesday. The solid report marked the third-straight month of gains and exceeded economists expectations for an increase to 1.25 million. “Housing construction blew past expectations, cementing the industry as one of the solid […]
US housing starts smash July forecasts, surge by the most since 2016
Markets

Housing stocks have come roaring back after being left for dead

Housing stocks are on fire after a bruising 2018. Popular exchange-traded funds full of big homebuilders like Lennar and D.R. Horton are up nearly 20% year-to-date – even as some of the underlying data is lacklustre. Analysts and economists are encouraged by what they see as a relatively strong fundamental […]
Housing stocks have come roaring back after being left for dead
Markets

Homebuilders rally as drop in mortgage rates spurs demand

Homebuilders rallied Wednesday after Mortgage Bankers Association data showed mortgage rates fell unexpectedly last week. Homebuilders KB Home and Lennar reported first quarter results between Tuesday’s closing bell and Wednesday’s open. Watch KB Home and Lennar trade live. The homebuilders were rallying after Wednesday after data showed last week’s drop […]
Homebuilders rally as drop in mortgage rates spurs demand
Markets

Experts are throwing cold water on a US housing ‘collapse’

The entire housing space – from homebuilders, to mortgage lenders, to economic data – has fallen under significant pressure over the last year as rising interest rates have posed a major headwind. While it’s worth noting a slowdown in a crucial part of the market and the economy, some strategists […]
Experts are throwing cold water on a US housing ‘collapse’
Markets

One of the biggest US homebuilders just sounded the alarm on a slowdown — here are the housing stocks traders are betting can sink further

Homebuilders were under pressure this week after Toll Brothers warned of a housing-market slowdown in its quarterly earnings report. Peers like KB Home, PulteGroup and Lennar fell in sympathy. Traders are building larger short positions in many of these names, according to analysis by S3 Partners. Homebuilder stocks were under […]
One of the biggest US homebuilders just sounded the alarm on a slowdown — here are the housing stocks traders are betting can sink further