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 in September -- its lowest level since March 2009.
homebuilders
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.
Homebuilder Toll Brothers Returns to Profitability
The luxury homebuilder reported earnings of $27.3 million for the third fiscal quarter, topping Wall Street expectations. CEO Douglas Yearley said the company is "pleased to return to profitability," even though revenues and deliveries were relatively flat.
Lennar Could Be
a Hotspot in Cold Housing Stocks
Housing is one cold spot in the economy. Lennar, however, is among the few homebuilders that some big investors are moving back into. Its diversification and appeal to first-time buyers are some of its 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. Is it time for another home buyer's tax credit?
