|Day Low/High||35.40 / 37.13|
|52 Wk Low/High||9.82 / 40.51|
Do homebuilder stocks reflect expectations for economic growth?
The latest S&P/Case-Shiller home price index report shows that while prices of homes around the country are continuing to climb, they are not climbing as fast as they once did.
Wall Street rallied on Wednesday, with the Dow Jones up 154 points.
Some charts on the homebuilder hurt. Housing charts look like a backward letter J or a fish hook here. That's not a good thing for bulls in the names. Add the fact that many of the homebuilders saw bearish engulfing candles yesterday and the news ge...
Housing starts are still too low to meet the coming demand.
Where it began. The rundown: There was little in the way of market-moving news overnight. U.S. futures are down by 5 handles. Stocks in Europe are unchanged to slightly higher. Nikkei is down 1.4% (cause seems to be a firming CPI), China is down sma...
The S&P/Case-Shiller home price index rose 10.8% in April, marking its smallest 12-month gain in more than a year.
Consider a 'chicken short' -- a put spread -- on some housing names that look over-valued.
Even as housing stocks approach oversold levels, data are actually firming across the board.
The Fed's monetary policy has not worked, and homebuilders' stocks should still be sold.
There was a lot of green Beyond Wall Street this week and not just in St. Patrick's Day parades across the country.
Lennar Homebuilders shares aren't moving higher on its good quarterly earnings report because it had already moved up on similar news from KB Home, says TheStreet's Jim Cramer.
Before you fill out your March Madness bracket, be sure you're not missing out on any of this morning's earnings reports, including Burlington Stores, Guess, and Lennar.
KB Home shares shot up on Wednesday as higher selling prices, demand for larger homes and increased household incomes all helped to drive revenues.
Markets closed lower Wednesday after the Fed's policy statement raised the prospect of interest rates rising sooner than expected - the median forecast now puts rates at 1% by the end of 2015.