Housing

Economists and experts expect June inflation to come in lower than past months when the Consumer Price Index is reported on Thursday. While inflation is dropping in recent reports, consumers continue to see higher costs than in past months and years. What Happened: Wall Street economists expect...

Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban...

Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (OTC:FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority (FHFA) said...

KB Home (NYSE:KBH) shares are trading higher after the company reported its second-quarter financial results Tuesday. Here's a look at the details.  The Details: KB Home reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $1.78 by 20.79%. Quarterly...

Lennar Corp (NYSE:LEN) reported its second-quarter financial results after the closing bell Monday. Here's a look at the key figures from the report.  The Details: Lennar reported quarterly earnings of $3.38 per share, which beat the analyst consensus estimate of $3.24 by 4.32%. Quarterly...

The housing market has seen highs and lows since 2020. According to Lance Lambert of ResiClub Analytics, these are the markets that are surging and the markets that are showing signs of fading in today’s housing market. The 10 Strongest Markets: San Jose, California saw the strongest month-...

To gain an edge, this is what you need to know today. A Tell Ahead Please click here for an enlarged chart of Walmart Inc (NYSE: WMT) Note the following: This article is about the big picture, not an individual stock. The chart of WMT stock is being used to illustrate the point. Walmart is...

Over half of Americans have been caught off guard by the financial strain of moving houses, with 53% of those who moved in 2023 finding the costs to exceed their expectations. A study by Clever Real Estate surveyed 2,000 Americans, revealing the median moving expense hovers ...

If you’re keen on placing a “For Sale” sign in front of your home, research suggests it’s a smart move. April 14 through April 20 is “the best time to sell your home,” according to data from Realtor.com. It’s the “peak week nationally” for...

The recent spike in national mortgage rates stirred concerns among homebuyers and economists alike. With the 30-year fixed-rate mortgage (FRM) climbing to 6.88% on April 11, questions arise about the trajectory of the housing market. Chart Source: Freddie Mac Additionally, other key indicators...

New housing projects initiated by homebuilders in February exceeded expectations, reversing the downward trend seen in January due to severe winter storms. Housing starts soared by 10.7% month-on-month in February to an annualized rate of 1.521 million, beating forecasts of 1.425 million. Much of...

To gain an edge, this is what you need to know today. Extending AI Dominance Please click here for an enlarged version of the chart of NVIDIA Corp (NASDAQ: NVDA). Note the following: This article is about the big picture, not an individual stock. The chart of NVDA is being used to...

The recent uptick in rental prices presents a mixed bag for investors, buoying the outlook for residential real estate stocks while simultaneously stirring inflationary concerns that could complicate efforts to achieve the Federal Reserve’s 2% inflation target. What Happened: The median U.S...

Lennar Corp (NYSE:LEN) is the last of the major homebuilders to report earnings for the October-December period on Wednesday and gives the market an update on the state of the homebuilding industry. Consensus estimates suggest earnings per share of $2.21, up 4.2% from the $2.12 reported in the same...

By guiding for a year of moderation on the horizon, Home Depot (NYSE: HD) could be indicative of more than a wind down in housing projects. If Lowe’s Companies Inc (NYSE: LOW) reports a similar guidance on Tuesday morning, the two large construction retailers expecting a continued...