CNBC’s Diana Olick joins ‘Closing Bell’ to discuss homebuilders and whether the stocks are getting closer to a bottom.
Source: www.cnbc.com
Oppenheimer initiates homebuilders Pulte, Toll as outperform
Housing Wire
Homebuilders are pulling back, but permit activity suggests things will turn around soon
Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau. It’s a 11.3% drop from the revised July estimate of 1,447,000 and 14.8% below the August 2022 […]
Housing Wire
May housing starts swell as builders respond to strong demand
Homebuilders are responding to an increase in new home sales and an extremely low level of existing home inventory by getting a jump start on new projects. Privately-owned housing starts in May 2023 checked in […]
Housing Wire
Single-family sector a bright spot for builders in March
When it comes to housing starts, homebuilders are back on a rollercoaster ride. After pulling back at the start of the year, homebuilders jumped back in during February before pulling back again in March. Homes were […]