|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.87 - 48.74|
|52 Week Range||39.01 - 58.65|
|PE Ratio (TTM)||14.29|
|Forward Dividend & Yield||0.16 (0.34%)|
|1y Target Est||N/A|
Moody's Investors Service took CalAtlantic Group, Inc.'s (CalAtlantic) ratings off review for upgrade and upgraded the rating on the eight series of CalAtlantic notes that were exchanged for Lennar Corporation ...
As increases in disposable income and strength in economy are expected to boost housing demand, let us analyze which is a better pick -- Lennar (LEN) or D.R. Horton (DHI).
Bullish chart patterns and strong fundamentals suggest that the homebuilder sector could be worth watching over the next several months.
After a stellar 2017, homebuilders are now in correction territory, but one technician sees a comeback ahead.
Shares of several homebuilders look attractive as the U.S. housing market could strengthen further, Barron's reported in its latest issue. With strong demand, lack of inventory and modest annual price ...
The U.S. housing market’s thunderous crash a decade ago helped bring the global economy and financial system to their knees. Abetted by a robust job market, low interest rates, and beneficial demographics, the nation’s housing market has been enjoying a Goldilocks sort of recovery—neither too cold nor too hot (with the exception of several coastal markets), but just about right. Given strong demand, insufficient inventory, and modest annual price gains, many industry experts see the recovery continuing for several years—unless mortgage rates unexpectedly spike, spoiling what has been a tame but enjoyable party.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting LEN.B. Over the last one-month, outflows of investor capital in ETFs holding LEN.B totaled $1.72 billion.
Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum. The weak report from the Commerce Department on Monday followed data last week that showed sales of previously owned homes dropped for a second consecutive month in January amid near-record low inventory. Economists worry rising mortgage rates, which are near a four-year high, and a cap on the mortgage interest deduction in the overhauled tax code will slow housing demand this year.
The SPDR S&P Homebuilders exchange-traded fund, which holds home-builders and other housing-related firms, has climbed 20% over the past 12 months.
The Zacks Analyst Blog Highlights: W.W. Grainger, Lennar, Ulta Beauty, Seagate and International Paper
Lennar Corp. could supersize its revenue in the coming years now that it’s the nation’s largest homebuilder, but it will face the same challenges impacting many for-sale developers in a rent-happy economy. Miami-based Lennar (LEN) purchased CalAtlantic Group, combining to control 250,000 homesites in 49 markets across 21 states. Lennar’s main advantage with this deal is acquiring land in desirable markets at a time when demand from buyers is strong, said John McManus, VP and editorial director for the residential group of Hanley Wood and editor of Builder magazine.
U.S. homebuilding rose to more than a one-year high in January, boosted by strong increases in the construction of both single- and multi-family housing units, and further gains are likely with building permits surging to their highest level since 2007. Other data on Friday showed a jump in import prices last month amid solid increases in the costs of petroleum and a range of other goods, bolstering expectations that inflation will accelerate this year. Housing starts jumped 9.7 percent to a seasonally adjusted annual rate of 1.326 million units, the Commerce Department said.
Aegion's (AEGN) ongoing efforts to focus and simplify business, along with strong backlog, continued strength across key markets will lead to significantly improved 2018 earnings.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 12. Index (PMI) data, output in the Consumer Goods sector is rising.
Lennar Corp. has reclaimed its spot as the nation’s largest homebuilder after completing the acquisition of CalAtlantic Group. Miami-based Lennar (LEN) and Virginia-based CalAtlantic (CAA) both received shareholder approval for the merger on Monday. Each share of CalAtantic may be exchanged for either 0.885 shares of Lennar or $48.26 in cash.
Zacks Industry Outlook Highlights: Lennar, PulteGroup, Toll Brothers and Loma Negra Compania Industrial Argentina Sociedad Anonima
Top executives from Starwood Capital Group, Whole Foods Market, Lennar Corp. and Marriott International provided key insights on the real estate market at the University of Miami’s Real Estate Impact Conference on Friday. Over 500 people packed the Four Seasons Miami for the conference, hosted by the UM School of Architecture and the UM Business School.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting LEN.B. Over the last one-month, outflows of investor capital in ETFs holding LEN.B totaled $5.03 billion.
Homebuilder Lennar Corporation (NYSE: LEN ) announced a deal in October to buy CalAtlantic Group Inc (NYSE: CAA ) for $7.7 billion, which would make the company one of the top three homebuilders in the ...