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Stuart Miller, executive chairman of Lennar Corporation, discusses the housing industry and why prices for homes continue to climb.
Many millennials are asking themselves why they can’t buy a home after seeing all those pretty pictures on Instagram. Yahoo Finance’s Jen Rogers, Brittany Jones- Cooper and Compass real estate broker Brian Lewis discuss the impact of social media on home sales.
On a per-share basis, the Reston, Virginia-based company said it had profit of $39.34. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
New-Jersey-based retail store chain Bed Bath & Beyond (BBBY) released its fourth quarter and full-year 2017 earnings results on April 11, 2018, after the market closed. Revenue rose 5.1% YoY to $3.7 billion compared to $3.5 billion in 4Q16. Earnings per share fell hard by 19.6% to $1.4 in 4Q17 from $1.8 in 4Q16. Revenue exceeded estimates by 0.92% and EPS exceeded estimates by 6.4%. The stock lost 17.7% last week.
Costco Wholesale (COST) reported March sales results on April 12. The company’s net sales of $12.9 billion for March were 10.9% higher than the $11.7 billion last year. On April 13, Raymond James raised the target price for Costco Wholesale (COST) to $205 from $202. Of the analysts surveyed, 72% of analysts rated the stock a “buy,” while 38% rated it a “hold,” and 0% rated it a “sell.” The stock rose 2.7% last week. The stock was up 2.7% last week.
Healthy economy, strong job market and higher demand will help the U.S. housing/homebuilding industry offset inventory shortage woes.
Homebuilder confidence slid for the fourth consecutive month with steadily rising mortgage rates and sky-high home prices putting ownership out of reach for more and more Americans. The National Association ...
The acquisition of CalAtlantic is going to position Lennar (LEN) as one of the country's top homebuilders. However, gross margin compression due to rising land and labor costs pose risks.
It’s not exactly difficult to sell a home in the Triangle these days. Demand is high for the few homes that are on the market, and that trend only appears to be ramping up.
The real-estate market is a very important part of the economy and after a nice recovery there are a few cracks forming on the periphery. The real-estate market has been steadily recovering since late 2011.
Lena Lighting SA. (WSE:LEN) outperformed the Electrical Components and Equipment industry on the basis of its ROE – producing a higher 11.71% relative to the peer average of 7.41% overRead More...
After a stellar 2017, the homebuilder sector is off to an inauspicious start in 2018. The major homebuilder ETFs are all down between 7 to 11 percent year-to-date, and two of the major homebuilder stocks— ...
Lennar Corp. named Rick Beckwitt as its new chief executive officer, succeeding Stuart Miller, who was appointed executive chairman, as part of several management changes announced by the home builder. ...
U.S. homebuilder Lennar Corp on Thursday said longtime Chief Executive Officer Stuart Miller will become executive chairman and will be replaced by current President Rick Beckwitt. Beckwitt, 58, who was also elected to Lennar's board, has been with the No. 2 U.S. homebuilder for the past 12 years and moved to the role of president in 2011. Miller, 60, who has worked with Lennar for more than 35 years, was appointed CEO more than two decades ago.
Bringing CalAtlantic into the fold led to large upticks in deliveries, orders, and backlog for the homebuilder. Management also thinks the market will only get stronger from here.
Florida-based Lennar (LEN) released its fiscal 1Q18 results on April 4, 2018. Its revenue grew 27.6% YoY (year-over-year) to $2.9 billion from $2.3 billion, and its EPS (earnings per share) rose 42.4% YoY to $0.84 from $0.59. Revenue and EPS surpassed estimates by 12.1% and 9.1%, respectively. The stock rose 5.6% last week after the earnings release.
US-China trade war tensions continued to affect the consumer sector last week. The S&P 500 (SPY) fell 1.4%, with all of its sectors being affected by the technology sector slide as well. However, the retail sector gained last week.
The housing market is set to stage a rebound and grow by leaps and bounds in Q2. Here are four stocks you should consider adding to your portfolio.
Lennar International President Chris Marlin discusses the housing industry and talks about Chinese President Xi Jinping's speech at the Boao Forum for Asia, in Hainan. Marlin speaks with Stephen Engle ...
A new federal program aims to bring new money into poor areas that haven't seen significant job and wage growth even as the stock market and corporate earnings have boomed.