Jul 25th 2012 3:00PM
By Christopher S. Rugaber WASHINGTON -- Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven. The Commerce Department said Wednesday that sales of new homes fell 8.4 percent last... Continue Reading »
Aug 4th 2010 2:37PM
It seems remarkable -- indeed, almost unbelievable. But the data tells the tale: U.S. homebuilder D.R. Horton reported a profit for the third consecutive quarter yesterday, due to increased home sales and cost cutting. Revenue grew 51 percent to $1.38 billion in most recent quarter as the company sold 6,308 new homes, a 60... Continue Reading »
Jul 12th 2010 11:44AM
Could the Gulf oil spill put a damper on homebuilder stocks? We simply don't know yet. That's basically what an analyst's report out of Citigroup says about the effect of BP's Deepwater Horizon oil spill on publicly traded builders, according to The Wall Street Journal. Those builders could potentially see shares decline... Continue Reading »
