Home builders

Toll Brothers Posts Quarterly Earnings of 30 Cents Per Share

Luxury-home builder Toll Brothers Inc (TOL) reported earnings of 30 cents per share for the quarter ending Oct. 31, compared with a loss of 68 cents per share a year earlier. Revenue declined 17% to $402.6 million, the company said in a statement. Earnings benefitted from factors including a net tax benefit of $59.9 million, lower write-down costs and reduced costs associated with retiring debt.

Homebuilder Confidence Index Goes Nowhere

Technically, the home builder sentiment index inched one point higher to 16 in November, the National Association of Home Builders said Tuesday, but the gain was offset by a revised one-point dip in October%u2019s sentiment reading, and the numbers remain well below those seen during a healthy housing market.

Homebuilder Confidence Rises for First Time in Months

Home builder confidence unexpectedly rose in October, the National Association of Home Builders said Monday. What's more, while the housing sector still faces many hurdles -- including the U.S. economy's health -- the group added that it has detected a slight increase in Americans considering a home purchase.

Homebuilder Confidence Remains Low

Inadequate job growth and a rising supply of unsold homes continue to weigh on the housing market. The homebuilder confidence index remained unchanged at 13 in September -- its lowest level since March 2009, the National Association of Home Builders announced Monday.

Homebuilder Confidence Falls to a 17-Month Low

The U.S. housing sector took another hit this month as homebuilder sentiment unexpectedly fell to 13 in August from 14 in July. The measure has been drifting lower since the federal homebuyers tax credit expired this spring.

Homebuilders Losing Faith as Tax Credit Ends

The U.S. real estate market recorded another setback in July: The National Association of Home Builders reported that its Housing Market Index fell to 14 from 16 in June, with builder confidence waning and sales dipping after the expiration of the federal home-buyers tax credit.