Employees who choose to get vaccinated would be ordered to stay at home indefinitely, without being allowed to work, the president said.
Just when the US needs the pace of homebuilding to pick up, builders' new starts dropped in April. Lumber and land and workers are just too expensive.
The housing market has a historic supply shortage, but aging millennials and falling lumber prices will give way to robust growth, Jefferies said.
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 soared nearly 17% in December to a 13-year high, according to a Friday release from the Census Bureau. The seasonally adjusted annual rate for home starts reached 1.61 million last month, topping estimates from economists surveyed by Bloomberg and leaping higher from 1.375 million in November. The […]
US homebuilders are the most confident they have been in two decades, new data from the National Association of Home Builders/Wells Fargo Housing Market Index showed. The index jumped five points to 76 in December, the highest point since June 1999. Prospective buyer interest and current sales conditions also notched […]
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 […]
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 […]
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 […]
The National Association of Home Builders’ sentiment index out Monday posted its largest two-month decline in 17 years, and the second-largest two-month decline since the measure’s creation in 1985. Some say the recent drop is a troubling signal for the broader US economy. The index’s decline comes just ahead of […]
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 […]