FP Trading Desk submits: New and existing home prices in the United States will likely deteriorate by up to 15% over the coming months, says Citi Investment Research analyst Josh Levin, and near-term liquidity will continue to drive valuations of homebuilder stocks.The result, Mr. Levin said in a note...
Dr. Duru submits: "People are looking for a reason to get off the fence. The most asked question in America today other than who Obama’s Vice President is going to be is probably when is the bottom? And if you even smell as though you are in real estate,...
From Centex Corp.'s FQ209 conference call: Head count, macro fallout: We’ve combined and consolidated operations around the country for efficiency. In California, for example, we now operate two divisions with a couple of satellite offices where we once operated nine separate divisions. We’ve made similar changes in...
John Verke submits: Last Friday, September 5th, the dollar was up almost half a percent against the Euro and most other currencies despite a spectacularly horrible jobs report, but it seems to be overshadowed by Freddie FRE and Fannie FNM in traders’ mind. In one of my previous posts...
KB Home CEO Jeffrey Mezger said the U.S. housing market will only recover when consumer confidence is restored. "To me, consumer confidence is the biggest issue," Mezger said at a conference held by UBS in New York. "Tightening lending standards and increased mortgage default...
M2 PRESSWIRE-27 March 2007-Blue Chip News: Analysis of Lennar Corp.C1994-2007 M2 COMMUNICATIONS LTD RDATE:27032007 Lennar is one of the largest homebuilding, land-owning, loan-making leviathans in the US. The company joins D.R. Horton, Centex, and Pulte Homes in the top tier of...
M2 PRESSWIRE-26 March 2007-Blue Chip News: Lennar Corp. Added to Bellwether Watch ListC1994-2007 M2 COMMUNICATIONS LTD RDATE:26032007 Lennar is one of the largest homebuilding, land-owning, loan-making leviathans in the US. The company joins D.R. Horton, Centex, and Pulte Homes in the...
M2 PRESSWIRE-27 October 2006-U.S. Equity News: Centex CEO: Existing-Home Inventories Tripling In Some Areas and Standard Pacific Corp. Declares Quarterly Cash DividendC1994-2006 M2 COMMUNICATIONS LTD RDATE:27102006 City of Industry, CA - Construction industry alert provided by U.S. Equity News. Centex Corp....
M2 PRESSWIRE-13 October 2006-InvestSource Inc.: TTCM China Reports Largest Contract in Company HistoryC1994-2006 M2 COMMUNICATIONS LTD RDATE:13102006 Stocks in the News: TTCM China, Inc. (OTC: TTCH.PK), Home Depot Inc. (NYSE: HD), Centex Corp. (NYSE: CTX), Mittal Steel Co. NV (NYSE: MT)...
Mergers and acquisitions may have slowed in the real estate industry, but consolidation among home builders continues to move ahead at warp speed. There are a lot of reasons why the big builders are getting bigger, but the trends appear to confirm the prediction, made in Andersen Corporate...
By Steve Brown, The Dallas Morning News Knight Ridder/Tribune Business News Apr. 30--It's been the last bastion of the boom times -- the one bright spot in a mediocre national economy. And the housing industry is likely to continue to be...
Wall Street strategists expect stocks to move laterally in the wake of a labor report issued earlier this month. It revealed that a scant 21,000 jobs were created by the U.S. economy in February. While February's jobless rate held at 5.6 percent, employment growth was surprisingly weak, failing...
Business Editors NORTH SALT LAKE, Utah and LAS VEGAS--BUSINESS WIRE--Jan. 6, 2004 Centex Homes, one of the nation's leading homebuilders operating in more than 90 U.S. markets in 26 states, has selected OrbitR Irrigation products and systems for installation in 900 new homes in the North...
The month of May closed out with stock prices headed downward as the dollar fell to a new four-year low against the euro and a two-year low against the yen. However, U.S. Treasury Secretary John Snow indicated that Washington is happy with a weaker dollar, noting that market...
WASHINGTON Bloomberg -- U.S. housing starts posted the biggest gain in 13 months in October and building permits rose to an almost nine-year high, bolstered by low mortgage rates and improved weather in the South. Housing starts rose 7.3 percent to a seasonally adjusted annual rate of...
TAMPA BAY, FLA. - Why have Beazer, General, Ryland, Plantation, Morrison, American Heritage, American Landmark and David Weekley Homes recently jumped into Tampa Bay? Because they have learned what Pulte, Centex, Lennar and U.S. Home already knew - that this long-moribund market is suddenly...
Builder Magazine's ranking of the leading home-builders in 45 markets throughout the US for 1995 reveals the dominance of the major national builders. The country's number one builder Pulte Home Corp. is found to be present in 17 markets, number two Centex Homes operates in 16 markets, while number three...
Builder Magazine's 13th annual listing of the country's 100 highest volume home builders reveals the strong performance of this group in 1995. The top 100 companies exceeded the national averages, capturing a 16.2% market share and closing 218,475 units for the year. The leaders in terms of closings were Pulte...
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