|Bid||51.24 x 500|
|Ask||51.25 x 800|
|Day's Range||50.69 - 51.37|
|52 Week Range||28.03 - 53.32|
|PE Ratio (TTM)||18.69|
|Earnings Date||Jan 31, 2018|
|Forward Dividend & Yield||0.50 (0.98%)|
|1y Target Est||54.30|
The upcoming construction sector earnings results are expected to benefit from economic growth, the labor market, higher demand, tighter inventories and rising home prices. After the solid 3.1% economic growth in the in the July-September quarter, the world’s largest economy is expected to have advanced 3.3% in the fourth quarter of 2017, per the latest Atlanta Fed’s real-time Q4 GDP growth estimate. Overall, 2017 was a great year for the construction sector.
U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, likely as unseasonably cold weather at the end of the month disrupted the construction of single-family housing units. The steep drop in groundbreaking activity probably will be temporary against the backdrop of a tightening labor market. Other data on Thursday showed the number of Americans filing for unemployment benefits dropped to a 45-year low last week.
Forestar Group Inc. announced that as a majority-owned subsidiary of D.R. Horton, Inc. , the earnings release for D.R. Horton’s first quarter ended December 31, 2017 is expected to include select preliminary Forestar financial information.
Zacks.com highlights: Reinsurance Group of America, SVB Financial Group, D.R. Horton and Allstate
As we enter the Q4 reporting cycle, looking for stocks having unswerving earnings growth is the highest priority for astute investors. If the company doesn’t make money, it won’t last over the long haul. Consider a company’s revenues over a given period of time, subtract the cost of production and you have earnings.
D.R. Horton, Inc. , America’s Builder, announced today that the Company expects the Tax Cuts and Jobs Act , which was enacted on December 22, 2017, to have a favorable impact on its fiscal 2018 results.
A rebound in the market for new homes is propelling shares of the companies that build them, a key sign of how the improving economy has supported the stock market's recent gains.
A rebound in the market for new homes is propelling shares of the companies that build them, a sign of how the improving economy has supported the stock market’s recent gains.
The tax law "secretly" removed a subsidy for homeownership, analyst Stephen Kim said, which is one reason he's looking at building products stocks.
2017 ended up being a banner year for many housing-related stocks including homebuilders and home improvement retailers. There were several different macroeconomic factors at play in the U.S. housing market ...
DR Horton Inc (NYSE:DHI) outperformed the Homebuilding industry on the basis of its ROE – producing a higher 14.28% relative to the peer average of 11.19% over the past 12Read More...
The housing market is ending 2017 with a bang. And in the new year, the market will likely cool down, especially on the high-end, mainly because of tax reform.
In November 2017, housing units (XHB) authorized by building permits were at a seasonally adjusted rate of 1.298 million—a decrease of 1.4% from October.
It was another positive month for housing starts due to reconstruction efforts in hurricane-battered areas. In November, housing starts rose 3.3%.
U.S. home sales will likely take a hit next year as middle-class Americans receive fewer perks under an overhaul of U.S. taxes and face rising home prices and interest rates, industry experts said. Sales of new single-family homes are projected to rise 5 percent in 2018 — only about half the growth estimated for 2017 and the slowest pace since 2014, according to the National Association of Home Builders (NAHB). The Republican tax bill, approved by Congress on Wednesday, will allow home buyers to deduct interest on mortgages up to $750,000, down from the current $1 million, potentially hurting buyers in California and other costly markets.