Housing

Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants.  What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt,...

Shares of housing stocks including NVR Inc. (NYSE:NVR) and D.R. Horton Inc. (NYSE:DHI) traded higher on Monday, likely driven by a better-than-expected report on U.S. new home sales for December. What To Know: According to Reuters, the U.S. Commerce Department reported new home sales increased 3.6...

President-elect Donald Trump announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency (FHFA). What To Know: If Trump’s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae (OTCQB...

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.  The Details: Ackman, CEO of Pershing Square hedge fund, recommended the stocks as an investment with "large asymmetric upside versus downside...

Lennar Corp (NYSE:LEN) shares are sinking in Wednesday’s after-hours session after the company reported worse-than-expected financial results for the fourth quarter. Here’s a look at the key metrics from the quarter. Q4 Revenue: $9.95 billion, versus estimates of $10.08 billion Q4...

The U.S. mortgage market hit a speed bump last week as rising interest rates pushed application activity lower, breaking a five-week streak of growth. According to the Mortgage Bankers Association (MBA), total mortgage applications decreased 0.7% for the week ending Dec. 13, 2024, signaling...

Goldman Sachs analyst Michael Ng, CFA, downgraded Redfin Corp. (NASDAQ:RDFN) from Neutral to Sell on Monday, citing growing competition, agent commission pressures and affordability challenges in the U.S. housing market. According to the expert, Redfin currently screens rich valuations despite a...

Zillow Group Inc (NASDAQ:ZG) (NASDAQ:Z) reported financial results for the third quarter after the bell on Wednesday. Here’s a look at the key details from the print. Q3 Revenue: $581 million, versus estimates of $554.68 million Q3 Adjusted EPS: 35 cents, versus estimates of 29 cents...

The U.S. Department of Justice (DOJ) announced Monday afternoon that it’s going after a group of companies for alleged racial discrimination in mortgage refinancing applications. What To Know: The DOJ filed a lawsuit against Rocket Companies Inc.’s (NYSE:RKT) Rocket Mortgage; as well as...

Boxer Floyd Mayweather isn't just collecting championship belts anymore — now he's after buildings. What Happened: According to The Real Deal, the undefeated champ — known for the moniker “Money” — is set to drop a cool $402 million for a 1,000-unit affordable housing portfolio, spread...

RE/MAX Holdings, Inc. (NYSE:RMAX) released its National Housing Report for September 2024, which showed home sales slowed 13.3% from August and the median sales price dropped 1.4% from August to $429,000.  The Details: RE/MAX explained the September home sales dip was a seasonal norm and...

Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market. What Happened: Hurricane Milton has left devastation in the state of Florida that impacts multiple sectors and will take time to clean up and...

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

The International Longshoremen's Association (ILA) initiated a strike earlier this week amid ongoing negotiations regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn.These are...

KB Home (NYSE:KBH) reported third-quarter financial results after the market close on Tuesday. Here’s a look at the key metrics from the quarter. Q3 Earnings: KB Home reported third-quarter revenue of $1.75 billion, beating analyst estimates of $1.728 billion. The U.S. homebuilder ...