New Home Sales fell 7.6% in December from November to a seasonally adjusted annual rate of 342,000. This was well below the consensus estimate of a 366,000 annual rate and even 8.6% below the year ago rate of 374,000. The major consolation in the repor…
China is expected to spend about $200 billion in government stimulus money over the next couple of years to upgrade its rail system. These rail system upgrade projects will be built on a foundation of cement. This will lead to enormous growth for any c…
Earlier Goldman issued a new report on the homebuilders (found here). Not much in terms of overall macro perspective change, however notable was that Goldman downgraded TOL as the firm "believes that outperformance will be limited in the first hal…
In his 16 years in the Majors, Mark McGuire’s batting average was .263. What is interesting about this number is not Mr. McGuire’s now admitted steroid use; not that it is considered a reasonably good number for a professional baseball player…
KB Home (KBH) shares are weak today after the company reported weaker-than-expected net order numbers for the fourth quarter 2009. Quarterly earnings, on the other hand, came in much better than expected, helped in large part by revenue from land sales…
US stocks finished with losses on Tuesday as disappointing quarterly results from Alcoa and Chevron’s profit warning rattled investors.[More...]
Stocks end a mixed and choppy session mostly higher ahead of Friday’s much-anticipated December jobs report. Gains for GE were enough to give the blue-chip DJIA a late boost, finishing up 0.3%. The Nasdaq ends down 0.1%. The S&P 500 ends up 0.4%.
The National Association of Realtors (NAR) reported that Pending Home Sales plunged 16.0% in November from October, but are 15.5% above year-ago levels.
Used home sales are recorded at closing — not when the deal is reached — which often results in …
By Tom Dyson
If you want to know what’s going on in the economy, you need to watch the price of lumber…
Housing is the most important asset class in America. When house prices fall, banks fail, consumers cut back, unemployment rises, and the econom…
KB Home (KBH), one of America’s premier homebuilders, is scheduled to release earnings for the fourth quarter and year ended November 30, 2009 before the market opens on January 12, 2010.