The NAHB/Wells Fargo Housing Market Index unexpectedly fell to 54 from 56 the month before. Nevertheless, there was an improvement in the six-month sales outlook from 63 to 64, the highest level so far this year. Further, the West region actually saw an increase in sentiment from 55 to 56. Any reading of the NAHB Index above 50 denotes a positive outlook among homebuilders.
Lennar beats the Street with 3Q earnings. Highlighted in this article is the fact that Lennar’s current land supply, the bulk of which was purchased during the downturn, allows it
KB Home KBH reported impressive fourth-quarter fiscal 2016 earnings of 40 cents per share that surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. On a year-over-year basis, the
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
