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Search results for "PHM"



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Real estate market red hot: Pro  

Bob Wetenhall, RBC Capital Markets & homebuilders analyst, joins David Crowe, Nat'l Association of Homebuilders, to discuss their outlook in the housing industry.
Source: CNBC.com
Report boosts homebuilder shares

The Commerce Department report shows that housing starts last month increased 20.2 percent for the month, to an annual rate of 1.14 million homes. "The housing market comes back in the spring, is what realtors always say, and boy is this true today," said Christopher Rupkey, chief financial economist at MUFG Union Bank, in a note to clients. The report helped lift...
Source: The Associated Press | By: By The Associated Press
Asia stocks mostly rise as dollar gains after robust US data

Wal-Mart Stores fell after reporting weak sales and a drop in quarterly earnings, a result of raises for workers and a rising dollar squeezing its profits. Wal-Mart's stock sank $3.49, or 4 percent, to $76.43. "But it hasn't felt like it," said Hank Smith, chief investment officer at Haverford Trust.
Source: The Associated Press
Techs surge on earnings, boosts Nasdaq, S&P 500 to record close

U.S. stocks closed higher on Friday, with the Nasdaq setting another record as investors cheered major earnings reports.
Source: CNBC.com | By: Evelyn Cheng
Housing: Hot or not?  

Christopher Thornburg, Beacon Economics Principal, and Dottie Herman, Douglass Elliman president and CEO, discuss the shortage of supply and where housing may be headed.
Source: CNBC.com
US STOCKS-Wall St up with Nasdaq briefly topping all-time closing high

*Pepsi, P&G, 3 M blame strong dollar for missing estimates. *Texas Instruments slump pulls down chipmakers. Both Brent and U.S. crude futures rose more than 3 percent on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen.
Source: Reuters | By: Tanya Agrawal
UPDATE 1-PulteGroup's profit slumps as it sells fewer homes in US Northeast

April 23- PulteGroup Inc reported a surprise slide in quarterly profit after home sales fell 28 percent in the pricey U.S. PulteGroup sold only 248 homes in the Northeast where it usually claims the highest average selling price. In 2014, when PulteGroup's countrywide average price stood at $329,000, it commanded $452,000 on average in the NorthEast.
Source: Reuters
US STOCKS-Wall St flat as energy offsets weak data, earnings

*Pepsi, P&G, 3 M blame strong dollar for missing estimates. Business activity slowed more than expected in the euro zone this month while manufacturing in Asia's top two economies hit the brakes, suggesting the global recovery path is less clear than policymakers are predicting. The fall in European stock markets and the weaker PMI numbers across the board had...
Source: Reuters | By: Tanya Agrawal
Is China heading for another interest rate cut?

Central bankers may be mulling another interest rate cut after PMI fell to its lowest level in a year.
Source: CNBC.com | By: Bob Pisani
Pisani's market open: Pulte falling  

CNBC's Bob Pisani looks ahead at global markets, currency impacts, and company earnings.
Source: CNBC.com