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Encouraged By Robust Recovery, Housing Market Demand: KB Home CEO
Wednesday, September 23, 2020 - 5:49am | 514KB Home (NYSE: KBH) beat the street estimates on Q3 earnings and revenue, but COVID-19 hampered the business, as seen from 14% year-over-year revenue decline. Earnings Analysis: Q3 homebuilding revenue declined 13.98% year-over-year to $995.15 million, but the homebuilding operating margin improved...
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How To Invest In A Healthy Housing Recovery
Wednesday, February 24, 2016 - 9:57pm | 699The latest U.S. housing numbers from Freddie Mac indicate that the market is continuing its steady recovery from its disastrous crash during the mortgage crisis. The housing bubble scared away many investors, despite the fact that housing had been a solid part of a diversified investment...
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This Analyst Is Using Lennar To Bet On A Housing Recovery
Tuesday, September 22, 2015 - 3:01pm | 369Lennar Corporation (NYSE: LEN) on Monday reported a stronger-than-expected third quarter print in which the company earned $0.96, exceeding the consensus estimate of $0.81. Patrick Kealey, Jr. of FBR maintained an Outperform rating on the stock with a price target raised to $60 from a...
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Housing Market Builds A Solid Foundation
Sunday, July 5, 2015 - 2:41pm | 671Key economic data in the past week has encouraged the idea that a housing recovery is alive and well. The parade started with news that sales of previously owned homes surged in May, buoyed in part by the return of younger buyers who had long struggled to find a path into the market. The pace...
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Lennar CEO Explains Housing Recovery's Shortcomings
Wednesday, June 3, 2015 - 1:02pm | 432The housing market has recovered from the financial crisis meltdown, but still the recovery hasn’t been as spectacular as expected. Lennar Corporation (NYSE: LEN) CEO Stuart Miller was on CNBC Wednesday to discuss the improvement in the housing market and why people are still apprehensive...
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Ford Retains Title of North America's Best Selling Car Manufacturer
Tuesday, December 31, 2013 - 12:17pm | 288As 2013 comes to an end, the title of North America's best selling car manufacturer goes to Ford (NYSE: F), according to the Detroit Free Press. The Detroit based automaker had a tremendous year due to record sales figures for the Fusion, Escape and Fiesta cars. The company said that retail...
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Market Wrap For November 20: Inflation Data Points To "No" Tapering, Fed Meeting Notes Points To "Yes" Tapering
Wednesday, November 20, 2013 - 6:02pm | 2026Investors and traders welcomed news of lower than expected inflation. The U.S. Labor Department monthly Consumer Price Index (CPI) data for October fell 0.10 percent, compared to an estimated flat reading. Year over year, the index is up 1.00 percent, in line with expectations. The Fed's target...
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Home Depot Versus Lowe's: What Three Analysts Are Saying
Wednesday, November 20, 2013 - 2:11pm | 703Both Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) continue to benefit from a strengthening U.S. housing market that is boosting sales at the “do-it-yourself” home improvement retailers. Home Depot, America's largest home improvement retailer, reported its third quarter 2013 results on Tuesday....
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Buy Stocks That Profit from Real Estate, Not Rental Properties
Tuesday, October 22, 2013 - 4:17pm | 605For investors looking to profit from the real estate rebound in the United States, stocks that gain from growth in the sector are far preferable to actually owning the physical property. While a recent article in USA Today reported the number of people renting single family homes in the United...