homebuilders

Buyer Interest Leaves Homebuilders Less Gloomy

U.S. homebuilders are growing less pessimistic about the housing market, despite tighter lending standards that have slowed home sales. The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 25 in January. That's the highest level since June 2007. It's just the third time the index has been at 20 or above in two years.

What to Watch This Week: New CEOs, Cars, Homes, Tech

It'll be an interesting week in the news of the new: Yahoo has a fresh CEO, auto shows and the CES will show off the latest in cars and tech, and a major homebuilder will tell us how new construction is doing. (Oh, and JP Morgan will give us a clue about how the banks are faring.)

One Sign That the Housing Market Has Hit Bottom

It has been a rough few years for homeowners, and an even worse time for real estate developers. But in a small encouraging sign, luxury homebuilder Toll Brothers is acquiring Seattle-based CamWest Development.

What's Behind the Drop in Mortgage Applications?

The Mortgage Bankers Association said mortgage applicatins dropped 10.5% last week, the biggest drop in four months. Elsewhere -- housing starts and homebuilder confidence -- signs are more hopeful. But the mortgage mess could be a spoiler.

KB Home Posts Narrower Earnings Loss

KB Home (KBH) reported a quarterly loss of 2 cents per share, compared with 87 cents per share a year earlier. Revenue was $501 million in the quarter ended Aug. 31, the company said in a statement. That%u2019s a 9% increase from a year earlier.

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.

Lennar Earnings: Homebuilder Is Back in the Black

Lennar posted third-quarter earnings of $30 million, or 16 cents a share, compared with a loss of $171.6 million, or 97 cents a share, a year earlier. Lennar earned $825 million in revenue for the quarter ended August 31, the company said in a statement.

Homebuilder Toll Brothers Returns to Profitability

Luxury homebuilder Toll Brothers (TOL) reported earnings of16 cents per diluted share for the third quarter of fiscal 2010, compared with a loss of $2.93 per share in the third quarter of fiscal 2009. Revenue for the quarter was $454 million, down from $461 million a year earlier, the company said in a statement. Pre-tax write-downs fell to $12.5 million, from $115 million a year earlier.

Lennar Could Be
a Hotspot in Cold Housing Stocks

Housing is one cold spot in the economy that continues to baffle and rattle investors. Lennar, however, is among the few that some big investors are moving back into. Its diversification and appeal to first-time buyers are among company's strengths.

Does the Housing Market Need More Federal Help?

The U.S. housing sector's road to recovery is getting rougher: Housing starts fell a worse-than-expected 5% in June to a seasonally adjusted annual rate of 549,000. Permits for new single-family homes fell 3.4% to a 421,000 annual rate -- their lowest since April 2009.