Housing

KB Home (NYSE:KBH) reported first-quarter financial results Monday after the bell. Here’s a look at the key metrics from the quarter. Q1 Earnings: KB Home reported first-quarter revenue of $1.39 billion, missing analyst estimates of $1.50 billion. The U.S. homebuilder reported...

President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave.  The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...

Lennar Corp. (NYSE:LEN) released its first-quarter results after Thursday's closing bell. Here's a look at the details from the report.  The Details: Lennar reported quarterly earnings of $2.14 per share. which beat the analyst consensus estimate of $1.73. Quarterly GAAP revenue came in at $7.63...

Mortgage applications took a sharp 6.2% dive last week as rising interest rates pushed refinance demand lower, according to the latest data from the Mortgage Bankers Association. In a report released Wednesday, the MBA said its Market Composite Index—a key measure of mortgage loan application...

BofA Securities analyst Rafe Jadrosich updated the price forecast for Lennar Corp (NYSE:LEN) to reflect the impact of the weak housing market and the Millrose Properties spin-off. The analyst slashed the price forecast to $130 from $140 while retaining a Neutral rating. Last month, the company...

Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) led by the Oracle of Omaha, Warren Buffett, is in talks to sell its real estate brokerage business to New York-based Compass Real Estate. While some experts view this as his levered bet against the U.S. home prices, others see it as a consolidation in...

Risk assets tumbled as a wave of bearish sentiment gripped markets, with escalating trade tensions, disappointing earnings and signs of economic fragility weighing on investor confidence. President Donald Trump confirmed a 25% tariff on imports from Mexico and Canada, effective March 4, while also...

TopBuild Corp (NYSE:BLD) shares and other construction-related companies are falling as investors react to U.S. tariff concerns that could drive up costs across the industry. What To Know: The new tariffs, imposed by President Donald Trump, include a 25% duty on imports from Mexico (currently...

Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants.  What To Know: The Keefe, Bruyette & Woods analysts, led by Tommy McJoynt,...

Shares of housing stocks including NVR Inc. (NYSE:NVR) and D.R. Horton Inc. (NYSE:DHI) traded higher on Monday, likely driven by a better-than-expected report on U.S. new home sales for December. What To Know: According to Reuters, the U.S. Commerce Department reported new home sales increased 3.6...

President-elect Donald Trump announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency (FHFA). What To Know: If Trump’s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae (OTCQB...

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.  The Details: Ackman, CEO of Pershing Square hedge fund, recommended the stocks as an investment with "large asymmetric upside versus downside...

Lennar Corp (NYSE:LEN) shares are sinking in Wednesday’s after-hours session after the company reported worse-than-expected financial results for the fourth quarter. Here’s a look at the key metrics from the quarter. Q4 Revenue: $9.95 billion, versus estimates of $10.08 billion Q4...

The U.S. mortgage market hit a speed bump last week as rising interest rates pushed application activity lower, breaking a five-week streak of growth. According to the Mortgage Bankers Association (MBA), total mortgage applications decreased 0.7% for the week ending Dec. 13, 2024, signaling...

Goldman Sachs analyst Michael Ng, CFA, downgraded Redfin Corp. (NASDAQ:RDFN) from Neutral to Sell on Monday, citing growing competition, agent commission pressures and affordability challenges in the U.S. housing market. According to the expert, Redfin currently screens rich valuations despite a...