Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%,...
Tag: PulteGroup Inc
Stocks making the biggest moves midday: Pentair, UPS and more
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe Biden at media day of the North American International Auto Show in Detroit, Michigan, September 14, ...
Stocks making the biggest moves premarket: McDonald’s, UPS and more
Nathan Stirk | Getty Images News | Getty Images Check out the companies making headlines before the bell. McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quart...
Homebuilders say steeper downturn is coming as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarm...
Mortgage demand from homebuyers is nearly half what it was in 2021
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was...
Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more
Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Logitech — The computer peripherals maker jumped 11% after Logitech reiterated its full-year guidance...
Lennar, Coinbase, Array Technologies and more
A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: D.R. Horton, Lennar, PulteGroup — Homeb...
Homebuilders boost incentives as they suddenly struggle to sell homes
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of...
Winnebago, La-Z-Boy, Revlon and others
Check out the companies making headlines before the bell: Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. W...
Developers flood Arizona with homes even as drought intensifies
California just experienced its driest January and February ever, and the snowpack is dangerously low. As the West enters its third year of drought, water sources are drying up, and restrictions on th...
BP, First Horizon, defense stocks and more
Take a look at some of the biggest movers in the premarket: Berkshire Hathaway (BRK.B) – Berkshire reported record annual profit in 2021, helped in large part by its investment in Apple (AAPL). Berksh...
Residential housing demand ‘cratered’ as mortgage rates spiked, analyst says
Raymond James analyst Buck Horne lowered ratings on all of the home-builder stocks he covers, as he believes the recent “relentless” climb in mortgage rates has ensured a housing recession. “Interest ...