Homebuilders fall to 10-month low on sales data, earnings miss

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Existing-home sales fell 3.2% to an annual rate of 5.38 million last month, the National Association of Realtors said Wednesday. Economists had expected home resales at an annualized pace of 5.65.

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Data. Sales of new homes are recorded once a sales contract is signed, not at closing. Some homes are sold before ground is broken on construction. Home builders had been slashing their inventory.

Here’s our summary of articles and data points on the housing market. and shares of streetTRACKS SPDR Homebuilders ETF (NYSEARCA:XHB) fell 1.53% to $34.17 in yesterday’s trading." Home Sales Plunge.

Toll Brothers Inc. TOL, one of the nation’s largest homebuilders, reported fourth quarter and fiscal 2015 (ending Oct 31) results on Dec 8 before the market opened. An earnings miss in the.

Last week brought us some important housing data, but not much else in the way of big economic data. On Monday, we saw the National Association of Home Builders’ housing market index, which had its strongest reading in ten years. While sentiment is extremely strong among builders, it isn’t translating into actual starts and permits.

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Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss Industies News Massachusetts fines Wynn Resorts $35 million over handling of misconduct allegations

Revenue grew to $3.52 billion from $3.33 billion, topping the. 7.5% over the past three months, while the SPDR S&P Homebuilders ETF XHB,

Those purchases helped to bolster its revenue and earnings. how much sales from those acquisitions added to its overall sales, because management didn’t break them out. Data source: D.R. Horton..

The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday held steady at 58 this month. Readings above 50 indicate more builders view sales conditions as good rather than poor. The index had been in the low 60s for eight months until February.

New-home sales fall to a nearly 3-year low; inventory surges as housing-market outlook darkens. Housing market’s Opportunity Zones may miss their target.. Real-time last sale data for U.S.

according to data compiled by Molior London. In central London, new-home sales are on track to fall by about 25 percent this year, the researcher said. That’s prompting homebuilders to diversify..

Home Depot’s Sales Miss Suggests Cooling U.S. Housing Market. A revenue miss in yesterday’s Home Depot earnings release has some investors worried that the housing market may be cooling.

Housing starts fell most in eight months in February U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage.