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U.S. Housing Market Rallies, A Glimpse of Revival Amid Economic Challenges
Friday, March 17, 2023 - 1:38pm | 373Read More...The housing market began showing signs of life last month, as housing starts rose by 9.8% from January, following a five-month downturn. The Census Bureau tempered that with data issued Thursday showing starts were still 18.4% below the same period last year. The seasonally adjusted annual...
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Lennar Shares In Building Mode: Behind The Earnings Beat And Rising Homebuilder Confidence
Wednesday, March 15, 2023 - 11:39am | 408Read More...Lennar Corp (NYSE: LEN) shares are on the rise as the homebuilder's earnings outperformed expectations on both revenue and earnings per share. While this may be one factor driving the stock price, another catalyst could be the uptick in a separate homebuilder confidence indicator. By The...
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US Stocks' Resilience Faces Test As Traders Await Flurry Of Economic Data: Fed May 'Surprise To The Upside' On Rates Again In 2023, Says Analyst
Thursday, February 16, 2023 - 7:30am | 1519Read More...The resilient market faces another test on Thursday, as traders get to digest another set of economic data and a few Fed speeches. The index futures pointed to a cautious start on Thursday. Cues From Wednesday’s Trading: U.S. stocks closed Wednesday’s session higher, encouraged by a...
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Warren Buffett's Favorite Housing Metric Just Flashed A Major Signal: What To Watch In The Housing Market
Monday, December 26, 2022 - 12:49pm | 656Read More...Berkshire Hathaway Inc CEO Warren Buffett once explained one of the metrics he watches for a reversal in the housing market is a reduction of housing starts. The Oracle of Omaha said in 2010 that sometimes a “bad number” for housing starts is a good thing for the market — in...
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US Housing Starts: Single Family Permits Fall, But Completions Rise, Adding Supply
Tuesday, December 20, 2022 - 1:20pm | 503Read More...November saw a further decrease in new U.S. home construction and permits fell as affordability and demand for homes were weakened by high borrowing prices and persistently high inflation. What Happened: According to data issued by the Census Bureau and Department of Housing and Urban...
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Warren Buffett's Favorite Housing Metric Just Flashed A Major Signal: What To Watch In The Housing Market
Tuesday, November 22, 2022 - 12:55pm | 598Read More...Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett once explained one of the metrics he watches for a reversal in the housing market is a reduction of housing starts. The Oracle of Omaha said in 2010 that sometimes a “bad number” for housing starts is a good...
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Warren Buffett's Favorite Housing Metric Just Flashed A Major Signal: What To Watch In The Housing Market
Thursday, November 17, 2022 - 3:25pm | 538Read More...Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett once explained one of the metrics he watches for a reversal in the housing market is a reduction of housing starts. The Oracle of Omaha said in 2010 that sometimes a “bad number” for housing starts is a good...
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Previewing Tomorrow's Economic Reports-September 19, 2011
Monday, September 19, 2011 - 1:43pm | 87Read More...Tomorrow is an important day in economic reports, especially for the housing sector, which has continued to stay weak for almost four years now. At 8:30 a.m., we will see the release of August housing starts and building permits. Both of these numbers are expected to drop from the July readings...
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To Rent Or To Buy: That Is The Question
Tuesday, August 16, 2011 - 10:31am | 840Read More...Nobody wants to own a home anymore, or it at least seems that way. Since the housing bubble burst in the middle of last decade, new home sales have continued to drop, and the U.S. economy is much worse off because of it. Housing is a major portion of the economy, and with housing in a slump, the...
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Economic Data Weaker Than Expected, Futures Down
Tuesday, August 16, 2011 - 8:35am | 75Read More...July housing permits and import prices were just released, and the numbers were mixed. July housing starts came in at 604,000, versus expectations of 600,000. Building permits came in at 597,000, versus estimates of 605,000. July import prices were hotter than expected, rising 0.3%, versus...
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Economic Numbers Mostly Better Than Expected (XHB)
Wednesday, February 16, 2011 - 9:33am | 132Read More...A slew of economic data was just released, and it came in mostly better than expected. January Housing Starts came in at 596,000 versus, expectations of 540,000. This was from up December, from 529,000 housing starts. January building permits were released, showing a drop to 562,000. Economists...
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Housing Mixed, Jobless Claims Little Better Than Expected
Thursday, December 16, 2010 - 9:37am | 109Read More...US housing starts and jobless claims were just released, and housing starts, as well as jobless claims came in a little bit better than expected. November housing starts came in at 555,000 versus estimates of 550,000. This is up 3.9% month over month. Building permits were uglier than expected,...
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Housing Starts Released Tomorrow: How To Play It (XHB, PHM)
Monday, August 23, 2010 - 1:14pm | 215Read More...US Housing Starts are going to be released tomorrow morning at 10:00 a.m. and the majority of investors and traders are expecting the numbers to be terrible. Economists are expecting housing starts for the month of July to come in at 4.72 million. Most traders expect this number to come in worse...
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US Housing Starts Show Remarkable Improvement In January (DHI, SPG, CHCI, BHS)
Wednesday, February 17, 2010 - 2:15pm | 207Read More...US housing starts hit their highest in six months in January, while industrial output jumped 0.9%, signaling that the economic recovery was taking a firm hold. According to the Commerce Department, groundbreaking activity for new homes rose 2.8% to a seasonally adjusted annual rate of 591,000 units...
