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New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'
Wednesday, June 26, 2024 - 6:52pm | 501Sales 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...
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Lennar Shares In Building Mode: Behind The Earnings Beat And Rising Homebuilder Confidence
Wednesday, March 15, 2023 - 11:39am | 408Lennar 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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Homebuilder Stocks Soar Following Positive Market Data: What You Need To Know
Monday, January 30, 2023 - 3:46pm | 435Homebuilder sentiment increased in January for the first time in a year after declining for 12 straight months, triggering a rally in homebuilder stocks. What Happened: Recent data issued by the National Association of Homebuilders (NAHB) showed its national Housing Market Index (HMI) rose...
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Intermodal Volumes Prop Up US Rail Traffic
Thursday, August 27, 2020 - 11:22am | 1369U.S. intermodal traffic on a weekly basis gained 5% in the week ending Aug. 22, which in turn helped lift overall rail volumes higher. U.S. freight railroads originated 285,086 intermodal containers and trailers last week, a 5% increase from the same period in 2019, according to the Association of...
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Analysts Say Homebuilder Environment Still Looks Good For Lennar
Wednesday, June 26, 2019 - 5:08pm | 525Lennar Corporation (NYSE: LEN) stock remains attractive in the long term, sell-side analysts said Wednesday after investors sent the share price on a post-earnings roller-coaster ride. The homebuilder had a strong earnings and revenue beat that boosted the stock early Tuesday, but sellers brought...
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Builder Confidence Up In November (XHB)
Tuesday, November 16, 2010 - 11:14am | 143The National Association of Homebuilders reported that homebuilder confidence rose to 16 in November, up from 15 in October. October was revised down to 15, up from the original reading of 16. Many builders are reporting that while the quantity of buyer traffic through their model homes has not...
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Homebuilder Confidence Improves
Monday, May 17, 2010 - 2:41pm | 154U.S. home-builder confidence rose in May to the highest level in more then 2.5 years said the National Association of Home Builders. Confidence was undoubtedly boosted by the homebuyer tax credit and the strengthening economy. The NAHB/Wells Fargo Housing Market Index increased 3 points to 22 in...