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Market Digest: JBL, MCK, ES, HPE, SOLV
Argus Research via Yahoo Finance· 12 hours agoLast week, mortgage rates dipped further below the 7% mark, dropping to 6.87% for the average 30-year fixed-rate mortgage. Gas prices ...
High Mortgage Rates Are Holding Back Homebuilding, Locking Up Housing Market
Investopedia· 5 days agoIf the U.S. is to build its way out of the current housing shortage, it needs homebuilding to take...
New Construction Hits Wall of High Prices and Mortgage Rates in May
US News & World Report· 4 days agoPermits fell to a 1.386 million annual level, down from 1.44 million in April, while starts dropped to 1.28 million from 1.35 million a month earlier. The housing sector is facing an impasse ...
Lennar Stock Drops After Home Deliveries Forecast Falls Short of Estimates
Investopedia via Yahoo Finance· 7 days agoFlorida-based company, which constructs residential homes nationwide, forecasts fiscal third-quarter...
Housing market seeks Fed rate-cut relief as sales slump
TheStreet.com· 4 days agoThe Commerce Department reported Thursday that new housing starts, which comprise both single-family homes and multifamily units, fell to the lowest levels since 2020 last month amid sky-high ...
Bank of England accused of ‘penalising the young’ by keeping mortgage rates high
The Telegraph via Yahoo Finance· 5 days agoThe Bank of England is “penalising the young” by keeping rates on 95pc mortgages artificially high,...
Shortage of homes for sale keep median home prices above $1M for San Diego County
NBC San Diego· 5 days agoMortgage rates that surged to their highest levels since late last year hampered home sales in...
Key Economic Data to Deluge Market This week
Zacks· 17 hours agoIndex for April on Tuesday and New and Pending Home Sales for May on Wednesday and Thursday, respectively, will help color in...the Fed is reluctant to lower interest rates ...
Home prices hit record high in May as sales stall
CNBC· 3 days agoSales of previously owned homes are sitting at a 30-year low and didn't move much in May as prices hit a new record and mortgage rates remain high. This...
The Zacks Analyst Blog Highlights PulteGroup, Tri Pointe Homes, Taylor Morrison Home and KB Home
Zacks via Yahoo Finance· 3 days agoFed officials increased their forecast for rate cuts in 2025, now expecting a median of four...