U.S. new home sales rose in November by 5.8%
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
Raymond James ‘tapping out’ of home-builder stocks as a housing recession is now a given
[ad_1] 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…
‘Prices ran wild the past two years’: Home builders say ‘housing recession shows no signs of abating’
[ad_1] The numbers: The National Association of Home Builders’ (NAHB) monthly confidence index fell 3 points to 46 in September, the trade group said on Monday. It’s the ninth month…