|Bid||40.33 x 1800|
|Ask||40.67 x 4000|
|Day's Range||40.24 - 40.75|
|52 Week Range||30.56 - 41.84|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.28|
|Expense Ratio (net)||0.35%|
Yahoo Finance sits down with Jonathan Miller, the CEO of Miller Samuel, to discuss the impact tech companies may have on New York City real estate. They also discuss a decrease in foreign buyers in the U.S. real estate market, in addition to, a slip in the 30-year fixed-rate average to 4.06 percent.
The S&P CoreLogic Case-Shiller Index weakened yet again in March for the 12th month in a row, showing an increase of 3.7% down from 3.9% in February. Realtor.com Chief Economist Danielle Hale and Zillow Director of Economic Research
Shares of Lennar Corp. hiked up 4.8% in premarket trading Tuesday, after the home builder reported fiscal second-quarter profit and revenue that were well above expectations. Net income for the quarter to May 31 rose to $421.5 million, or $1.30 a share, from $310.3 million, or 94 cents a share, in the year-ago period. The FactSet consensus for earnings per share was $1.15. Total revenue grew to $5.56 billion from $5.46 billion, above the FactSet consensus of $5.03 billion, as homebuilding revenue rose to $5.20 billion from $5.06 billion to beat expectations of $4.78 billion. Homebuilding gross margin was 20.1%, just shy of the FactSet consensus of 20.2%. The average sales price of homes delivered fell to $407,000 from $413,000 a year ago, due primarily to product mix, as the Texas segments continued to shift to lower-priced communities. Sales incentives were $26,600 per home delivered, or 6.1% of home sales revenue, up from 5.3% last year. "The well-documented market pause in the second half of 2018 set the stage for more moderate home price increases and lower interest rates which stimulated both affordability and demand, leading homebuyers back to the market," said Executive Chairman Stuart Miller. The stock has rallied 31.3% year to date, while the S&P 500 has gained 17.5%.
The April housing starts report was a relief for homebuilders. Their confidence has been struggling. The May report was slightly below the estimate. Consumer spending is still strong after the May retail sales report.
U.S. stocks have been retracing the path back to their all-time highs this months, exploding higher on Tuesday after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, ...
We discuss the release of sluggish homebuilder sentiment data for June for investors with money parked in the homebuilder ETFs.
Housing market index falls two points from the prior month in June. Nonetheless, homebuilders remain confident about the upcoming period, given higher demand.
The Census Bureau on Tuesday will release data on May housing starts and building permits. The report will provide the latest glimpse into the state of the housing market amid a pullback in mortgage rates and mixed signals on homebuilder sentiment.
Bank of America recently released its 2019 Spring Homebuyer Insights Report, which includes survey results collected from a nationwide sample of more than 1,900 U.S. adults who currently own a home plan to in the future. Investors may be particularly interested with the findings from the youngest group of potential homebuyers, Gen Z Americans aged 18 to 23. Gen Z Americans plan to buy a home before age 30.
Housing Sales Data Look Promising—Can Homebuilders Benefit?(Continued from Prior Part)Homebuilders’ reactions to housing starts reportGiven the significant setbacks in housing data over the last few months, homebuilders’ confidence has taken a
KB Home (KBH) was upgraded to 'outperform' from 'sector perform' at RBC Capital Markets and the firm increased its price target on the homebuilder by $5 to $30. As a result, KB Home shares rose 2.5% to $27.47 in trading Thursday. KBH is just one of the stocks that may signal a trend in improving homebuilder stocks.
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)Building permitsWhen real estate developers or REITs like AvalonBay (AVB) are confident about the economy, they build more in anticipation of future demand
Investing.com - Homebuilder D.R. Horton fell sharply on Thursday after its better-than-expected quarterly results were offset by pessimistic outlook on revenues.
Shares of D.R. Horton Inc. dropped 5.1% in premarket trade Thursday, after the home builder reported fiscal second-quarter earnings and revenue that beat expectations, but provided downbeat full-year guidance. Net income for the quarter to March 31 edged up to $351.3 million, or 93 cents a share, from $351.0 million, or 91 cents a share, in the same period a year ago. The FactSet EPS consensus was 86 cents. Revenue rose to $4.13 billion from $3.79 billion, topping the FactSet consensus of $4.01 billion. Net sales orders rose 6% to 16,805 homes and grew 4% in value to $4.9 billion, compared with expectations of 16,732 homes and value of $5.0 billion. The company said it expects fiscal 2019 revenue of $16.7 billion to $17.0 billion, below the FactSet consensus $17.2 billion, and homes closed of 55,000 homes to 56,000 homes, surrounding expectations of about 55,800. The stock has soared 35% year to date through Wednesday, while the SPDR S&P Homebuilders ETF has climbed 26% and the S&P 500 has gained 17%.
Few industries have staged a more remarkable turnaround during the past six months than home builders, and with the promise of low interest rates, a healthy consumer and data showing new home sales surging, it looks like blue skies ahead for the home construction industry. The central question for investors in these stocks, experts say, is whether home builders can cater to the pent-up demand for affordable, entry-level homes as the millennial generation enters its prime home-buying years. “Affordability of housing is the key factor,” Pat Tschosik, senior sector strategist at Ned Davis Research, told MarketWatch.
Equipment manufacturer Caterpillar reported better-than-expected first-quarter earnings on Wednesday, which could inspire homebuilder exchange-traded funds (ETFs) in what’s been a challenging environment ...