Tagged : homebuilders

Found 7 blog entries tagged as "homebuilders".

finance.yahoo.com - May new home sales, as reported by the Census Bureau and the Department of Housing and Urban Development, increased 2.1% from April.  

New home sales increased to an annualized pace of 497,000—up 8.3% from May (which was revised down from an initial estimate of 476,000 to 459,000) and up 38% from a year ago. Activity picked up in the West, South, and Northeast, while falling in the Midwest.

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money.cnn.com - It's official: After years of little activity, homebuilders are dusting off their jackhammers.

Last year housing permits hit their highest level since 2008, according to the Census Bureau, and new-home sales grew 20% from the prior year.

An untouched abode offers advantages, of course, such as a sleek modern layout and few repairs. Buying an existing home, however, may allow you to seal the deal faster and can offer better short-term price appreciation.

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money.ccn.com - Anticipating the real estate recovery that surfaced in the fall -- home prices in October were up 6.3% from a year earlier, and new-home construction reached a four-year high -- housing-related stocks led the market in 2012.

Homebuilders (returning 77% through early December), the lumber industry (74%), and home-improvement stores (55%) were the top-performing industries in 2012, according to Morningstar. And the Dow Jones U.S. Home Construction ETF traded in December at a lofty 27 times projected earnings -- nearly double the figure for the S&P 500.

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Hedge funds and private equity firms have been rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.

One of the most notable moves is coming from hedge fund manager John Paulson, best known for his big (and lucrative) bets against subprime mortgages in 2006 and 2007.

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usatoday.com - The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled with a trove of newly built, yet unsold properties.

But an improving housing market has homebuilders feeling more confident about sales, and that's likely to kick the pace of new construction into a higher gear this year.

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azcentral.com - Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a slowing economy.

The National Association of Home Builders/Wells Fargo builder sentiment index surged six points this month to 35, the highest reading since March 2007.

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Homebuilders grew more confident in June with buyers taking advantage of low interest rates and affordable prices, the National Association of Home Builders said Monday.

The index component measuring current sales conditions grew two points to a score of 32 in June, its highest level since April of 2007.

Meanwhile, the association's index measuring builder confidence reached its highest level in four years during the month of June.

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