homebuilders

KB Home (NYSE: KBH) was downgraded by Buckingham Research Group Friday, with an analyst saying the homebuilder's share price "is ahead of itself."  The Analyst Buckingham's Mark Weintraub downgraded KB Home from Neutral to Underperform and raised the price target from $28...

Homebuilder Hovnanian Enterprises, Inc. (NYSE: HOV) reported a top- and bottom-line beat in its fourth-quarter results Thursday, sending shares higher by more than 10 percent.   The Analyst MKM Partners' Megan McGrath downgraded Hovnanian's stock rating from Neutral to Sell...

Homebuilder stocks came under heavy selling pressure on Thursday as new details of President Trump's tax reform plan were released. Under a revised Republican tax plan, the cap on mortgage-interest deductions would be moved from $1 million currently to just $500,000. The change wouldn't...

New home sales for the month of September soared to the highest level in a decade. Throughout the month of September, sales of new U.S. single-family homes rose 18.9 percent to a seasonally adjusted annual rate of 667,00 units. By comparison, analysts and experts were expecting the SAAR rate to...

KB Home (NYSE: KBH)'s beat-and-raise earnings report on Tuesday wasn't good enough for analysts at MKM Partners to change its Neutral stance on the stock. MKM's Megan McGrath maintains a Neutral rating on KB Home's stock but with a price target raised from $20 to $24 as the company's order growth...

Income investing focuses on investments such as bonds, which can provide a steady stream of income. Meanwhile, investing in income stocks would mean scouting out stocks of companies that pay a solid dividend. Usually, established companies, which have seen their growth plateau, pay dividends. The...

Will Randow of Citi took a deep dive into the homebuilding sector to explore which companies are best positioned for M&A activity. According to Randow, discussions of homebuilding M&A have become more common, and if a transaction were to occur shortly, itwould likely be a public company...

Investors were enthused earlier this week by some strong housing data. New home sales jumped 12.4 percent in July to a seasonally adjusted rate of 654,000 annual units, well ahead of economists' estimate of 580,000 units. Although the June number was revised lower to 582,000 from 592,000, the...

Toll Brothers Inc (NYSE: TOL), a leader in the homebuilders sector, beat revenue estimates and raised guidance Tuesday morning, sending shares up during the pre-market session. The company saw FY16 revenue at $4.96–$5.27 billion versus estimates of $5.04 billion while reporting Q3 revenue of...

Sares of PulteGroup, Inc. (NYSE: PHM) were relatively unchanged on Monday despite the ongoing saga between the company's founder and its current CEO. Bill Pulte, PulteGroup's founder, former chairman and ex-CEO penned a letter to the company's board of directors in which he displayed his "extreme...

A house will be the largest purchase that many Americans make in their lifetime. Unfortunately, for the majority of the country, that purchase is getting more and more expensive. A new report by RealtyTrac found that home prices have been rising at a higher rate than wages in nearly two-thirds...

The SPDR S&P Homebuilders ETF (NYSE: XHB) is down 10.6 percent year-to-date, dragged lower by negative treatment of the broader consumer discretionary sector. However, investors might want consider XHB's woes as an opportunity to embrace, not ignore, the fund. Correction Territory XHB...

Last year's top-performing sector, consumer discretionary, is off to a rocky start in 2016 as highlighted by the 6.7 percent slide for the Consumer Discretionary SPDR (ETF) (NYSE: XLY). Homebuilders stocks and exchange-traded funds have come under even more duress as the 13.4 percent year-to-...