BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM)]]>http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/#commentsFiled under: , , , , , ,

The Federal Housing Financial Agency reported home prices reached their lowest point in nearly six years. For the twelve months ending in July, the drop was 3.3% compared to the same period a year earlier. The news set a negative tone, and the market was down all day.

Worried investors poured money into gold after a Fed report yesterday showed worrisome data on the economy. The metal hit $1,290 an ounce and may stay in all-time high record territory if fears about GDP expansion spread. Although it was a down day, the markets showed little damage at the close.

Today's closing bell numbers:

Dow Jones 10,739.31 -21.72 (-0.20%)
S&P 500 1,134.27 -5.51 (-0.48%)
Nasdaq 2,334.55 -14.80 (-0.63%)

Continue reading The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM)

The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM) originally appeared on BloggingStocks on Wed, 22 Sep 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ADBEBRCDgdpgolden globeshomesMSFTreal estateWed, 22 Sep 2010 16:20:00 EST<![CDATA[Pending Home Sales Surge 21.1% in March]]>http://www.bloggingstocks.com/2010/05/04/pending-home-sales-surge-21-1-in-march/http://www.bloggingstocks.com/2010/05/04/pending-home-sales-surge-21-1-in-march/http://www.bloggingstocks.com/2010/05/04/pending-home-sales-surge-21-1-in-march/#commentsFiled under: , , , , ,

Pending home sales rose 21.1% in March over 2009 numbers. The big driver was the expiration of the first time home buyer credit. Contracts had to be signed by the end of March to qualify. Nevertheless, these numbers are encouraging.

The National Association of Realtors' (NAT)' index stood at 102.9, up 5.3% It should be noted that pending sales lead existing sales by one to two months.

Separately, the Commerce Department released their numbers on manufactured goods. Excluding defense, factory orders were up 1.3%. Non defense capital goods, excluding aircraft were up 4.5%

Continue reading Pending Home Sales Surge 21.1% in March

Pending Home Sales Surge 21.1% in March originally appeared on BloggingStocks on Tue, 04 May 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Read | Read | Permalink | Email this | Comments]]>factory ordersfeaturedhomeshousinginthenewspending home salesreal estateRealEstaterecessionTue, 04 May 2010 17:00:00 EST<![CDATA[Survey: Economic Recovery to Drag Through 2011]]>http://www.bloggingstocks.com/2010/04/12/survey-economic-recovery-to-drag-through-2011/http://www.bloggingstocks.com/2010/04/12/survey-economic-recovery-to-drag-through-2011/http://www.bloggingstocks.com/2010/04/12/survey-economic-recovery-to-drag-through-2011/#commentsFiled under: ,

Associated Press logoAccording to an Associated Press survey of leading economists, jobs and home values will stay unstable into 2011. The survey indicates that the recovery is going to continue trudging along through the year, which should prompt the Federal Reserve to keep interest rates near zero. Three-fourths of the economists surveyed believe that the interest rates will stay low until the final quarter of 2010.

Other highlights from the survey (if you can call them highlights) include the belief that the unemployment rate will stay "stubbornly high" during the next two years. The group believes that the unemployment rate will drop to 9.3% by the end of this year and will drop to 8.4% at the end of 2011.

Continue reading Survey: Economic Recovery to Drag Through 2011

Survey: Economic Recovery to Drag Through 2011 originally appeared on BloggingStocks on Mon, 12 Apr 2010 12:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>financial recoveryhomehome saleshomesrecoveryunemploymentunemployment rateMon, 12 Apr 2010 12:10:00 EST<![CDATA[End in Sight for the Foreclosure Crisis?]]>http://www.bloggingstocks.com/2010/02/20/end-in-sight-for-the-foreclosure-crisis/http://www.bloggingstocks.com/2010/02/20/end-in-sight-for-the-foreclosure-crisis/http://www.bloggingstocks.com/2010/02/20/end-in-sight-for-the-foreclosure-crisis/#commentsFiled under: ,

Over the past couple of years, one of the most troubling aspects of the economy has been the ailing housing market, and in particular the large volumes of homes that have fallen victim to the foreclosure crisis. Finally we get some evidence that things may be moving in the right direction again.

While no one will argue that we are out of the woods just yet, it does appear as things are at least starting to recovery slightly.

Continue reading End in Sight for the Foreclosure Crisis?

End in Sight for the Foreclosure Crisis? originally appeared on BloggingStocks on Sat, 20 Feb 2010 12:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>foreclosureshomeshousing crisisinthenewsJay BrinkmannloansMBAmortgage bankers associationmortgagesnew foreclosuresrecessionSat, 20 Feb 2010 12:10:00 EST<![CDATA[Housing starts rose in September, but applications for new construction fell]]>http://www.bloggingstocks.com/2009/10/20/housing-starts-rose-in-september-but-applications-for-new-const/http://www.bloggingstocks.com/2009/10/20/housing-starts-rose-in-september-but-applications-for-new-const/http://www.bloggingstocks.com/2009/10/20/housing-starts-rose-in-september-but-applications-for-new-const/#commentsFiled under: , , ,

housing marketThe Commerce Department reported Tuesday that housing starts rose a bit in September, helped by a rise in single-family home construction, but this bit of good news came with some bad news that applications for new home construction were down in the month.

According to the report, construction of new homes and apartments rose by 0.5% in the month, to an annualized rate of 590,000 units. While any growth for housing starts comes as good news in the current market, it is not as good as it appears at first glance, considering that analysts had been expecting to see the annualized rate increase to 610,000 units.

Continue reading Housing starts rose in September, but applications for new construction fell

Housing starts rose in September, but applications for new construction fell originally appeared on BloggingStocks on Tue, 20 Oct 2009 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>buildingcommerce departmentconstructionhomeshousinginthenewsjobspermitsrecessiontax incentiveunemploymentTue, 20 Oct 2009 12:40:00 EST<![CDATA[Home prices move a bit higher]]>http://www.bloggingstocks.com/2009/09/29/home-prices-move-a-bit-higher/http://www.bloggingstocks.com/2009/09/29/home-prices-move-a-bit-higher/http://www.bloggingstocks.com/2009/09/29/home-prices-move-a-bit-higher/#commentsFiled under: , ,

A little more good news for the struggling housing market Tuesday, as a closely watched home price index showed increases in prices for the third straight month in July.

The news comes from the Standard & Poor's/Case-Shiller home price index, which shows that home prices rose by 1.2% from June to July.

Continue reading Home prices move a bit higher

Home prices move a bit higher originally appeared on BloggingStocks on Tue, 29 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>home priceshomeshousinginthenewsreal estaterecessionShiller indexSPTue, 29 Sep 2009 11:40:00 EST<![CDATA[KB Home narrows loss but misses estimates]]>http://www.bloggingstocks.com/2009/09/25/kb-home-narrows-loss-but-misses-estimates/http://www.bloggingstocks.com/2009/09/25/kb-home-narrows-loss-but-misses-estimates/http://www.bloggingstocks.com/2009/09/25/kb-home-narrows-loss-but-misses-estimates/#commentsFiled under: , , ,

Shares of California-based homebuilder KB Home (NYSE: KBH) sold off Friday morning after the company failed to meet analyst estimates for its third quarter.

As we noted in our earnings preview, analysts were expecting to see the company show a loss of 56 cents per share for its third quarter, but the company failed to hit that number, posting an actual loss of a much worse 87 cents per share.

Continue reading KB Home narrows loss but misses estimates

KB Home narrows loss but misses estimates originally appeared on BloggingStocks on Fri, 25 Sep 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bad newsearningshome buildersHomeBuildershomeshousing crisisinthenewsKB HomeKBHFri, 25 Sep 2009 11:30:00 EST<![CDATA[Mortgage applications jump ]]>http://www.bloggingstocks.com/2009/09/23/mortgage-applications-jump-last-week/http://www.bloggingstocks.com/2009/09/23/mortgage-applications-jump-last-week/http://www.bloggingstocks.com/2009/09/23/mortgage-applications-jump-last-week/#commentsFiled under: , , , , ,

mortgage applicationsIn another sign that the housing market may be emerging from its slump, applications for mortgages rose last week by a nice 12.8 percent.

The news comes from the Mortgage Bankers Association which stated that its seasonally adjusted index of mortgage applications rose to 668.5, which is the highest that the index has read since back on May 22.

Continue reading Mortgage applications jump

Mortgage applications jump originally appeared on BloggingStocks on Wed, 23 Sep 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>federal reserveFederalReservehomeshousinginterest ratesInterestRatesinthenewsmortgagesreal estateRealEstaterecessionWed, 23 Sep 2009 16:15:00 EST<![CDATA[New home sales rise in July]]>http://www.bloggingstocks.com/2009/08/26/new-home-sales-rise-in-july/http://www.bloggingstocks.com/2009/08/26/new-home-sales-rise-in-july/http://www.bloggingstocks.com/2009/08/26/new-home-sales-rise-in-july/#commentsFiled under: , , , ,

july 2009 new home salesJuly was a good month for new home sales, which saw an increase of 9.6 percent during the month.

Before we look at the good news, let's cover the bad news first. Even with the jump in sales in July, new home sales are still well below their peak four years ago. In fact, new home sales are 69 percent below their peaks when the housing market was at its best.

Continue reading New home sales rise in July

New home sales rise in July originally appeared on BloggingStocks on Wed, 26 Aug 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>good newsGoodNewshome buyershome inventoriesHomeBuyersHomeInventorieshomeshousing marketHousingMarketreal estateRealEstatesalesWed, 26 Aug 2009 14:20:00 EST<![CDATA[Construction of single family homes rises in July]]>http://www.bloggingstocks.com/2009/08/18/construction-of-single-family-homes-rises-in-july/http://www.bloggingstocks.com/2009/08/18/construction-of-single-family-homes-rises-in-july/http://www.bloggingstocks.com/2009/08/18/construction-of-single-family-homes-rises-in-july/#commentsFiled under: , , , , ,

single family home constructionThere was in increase in construction of single family homes in July, marking the fifth straight month for such an increase.

It should come as no surprise, after we learned yesterday that homebuilder confidence had rose to a new 12-month high. According to the commerce department, construction on new single family homes rose 2%, and permits for future construction jumped an impressive 6% during July.

Continue reading Construction of single family homes rises in July

Construction of single family homes rises in July originally appeared on BloggingStocks on Tue, 18 Aug 2009 18:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>apartmentscommerce departmentCongressconstructioneconomyhomesincentivesObamareal estaterecessionTue, 18 Aug 2009 18:10:00 EST<![CDATA[Homebuilder confidence hits 12 month high]]>http://www.bloggingstocks.com/2009/08/17/homebuilder-confidence-hits-12-month-high/http://www.bloggingstocks.com/2009/08/17/homebuilder-confidence-hits-12-month-high/http://www.bloggingstocks.com/2009/08/17/homebuilder-confidence-hits-12-month-high/#commentsFiled under: , , , , , ,

homebuilder confidence hits 1 year highHomebuilder confidence hit a 1 year high today, providing another sign that the worst of the housing melt down may have passed.

The housing market started to crumble back in 2006, and since that time foreclosures and falling home prices have hit the economy hard, and played a major role in the recession that has effected millions. Today the The National Association of Home Builders/Wells Fargo confidence index climbed to 18, the highest level that it has been since June 2008.

Continue reading Homebuilder confidence hits 12 month high

Homebuilder confidence hits 12 month high originally appeared on BloggingStocks on Mon, 17 Aug 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>creditforeclosureshome priceshomebuildersHomePriceshomeshousingincentivesreal estateRealEstateunemploymentMon, 17 Aug 2009 16:30:00 EST<![CDATA[Homebuilder sentiment rises to highest level in 10 months]]>http://www.bloggingstocks.com/2009/07/16/homebuilder-sentiment-rises-to-highest-level-in-10-months/http://www.bloggingstocks.com/2009/07/16/homebuilder-sentiment-rises-to-highest-level-in-10-months/http://www.bloggingstocks.com/2009/07/16/homebuilder-sentiment-rises-to-highest-level-in-10-months/#commentsFiled under: , , , , , , ,

Homebuilder sentiment rises in JulyWe have all been waiting to hear news that the housing market has rebounded, and we got a little indication that things were improving today as homebuilder sentiment rose this month to its highest level since September.

According to the National Association of Home Builders its index of builder confidence jumped two points in July to 17. This is the first time the index has hit 17 since last September.

Continue reading Homebuilder sentiment rises to highest level in 10 months

Homebuilder sentiment rises to highest level in 10 months originally appeared on BloggingStocks on Thu, 16 Jul 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer confidenceConsumerConfidenceconsumerseconomyfeaturedhome buildershome buyershome pricesHomeBuildersHomeBuyersHomePriceshomeshousinghousing marketHousingMarketinterest ratesInterestRatesrecessionThu, 16 Jul 2009 18:00:00 EST<![CDATA[Foreclosures continue to mount]]>http://www.bloggingstocks.com/2009/06/11/foreclosures-continue-to-mount/http://www.bloggingstocks.com/2009/06/11/foreclosures-continue-to-mount/http://www.bloggingstocks.com/2009/06/11/foreclosures-continue-to-mount/#commentsFiled under: , , , , ,

The good news is that there was a 6% drop in foreclosures from April to May. That is the good news, but the bad news is that May was the third straight month in a row for foreclosures topping 300,000.

RealtyTrac, which is the firm responsible for these figures stated that the exact number of foreclosure filings during the month was 321,480.

Continue reading Foreclosures continue to mount

Foreclosures continue to mount originally appeared on BloggingStocks on Thu, 11 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economic slowdownEconomicSlowdownforeclosurehome saleshomesHomeSaleshousinginthenewsreal estateRealEstaterecessionThu, 11 Jun 2009 14:00:00 EST<![CDATA[Home prices become more affordable]]>http://www.bloggingstocks.com/2009/05/18/home-prices-become-more-affordable/http://www.bloggingstocks.com/2009/05/18/home-prices-become-more-affordable/http://www.bloggingstocks.com/2009/05/18/home-prices-become-more-affordable/#commentsFiled under: , , , , , , , , ,

Affordable Home PricesAs the housing market continues to find its footing, one welcome trend for potential home buyers has been falling home prices. The main consequence of the troubled housing market has been a sharp increase in home inventories, and this has led to a massive drop in home prices, and we see news today that home prices are the most affordable that they have been in the past 18 years.

The Housing Opportunity Index tracks home prices, and it reported that during the first three months of this year, 72.5% of homes for sale fell within the affordability range, up from 60% during the last quarter of 2008. This sharp jump is another testament to just how quickly home prices have eroded over the past few months.

Continue reading Home prices become more affordable

Home prices become more affordable originally appeared on BloggingStocks on Mon, 18 May 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredhome buyershome pricesHomeBuyersHomePriceshomeshousinginterest ratesInterestRatesjobsmortgagesunemploymentMon, 18 May 2009 17:00:00 EST<![CDATA[More homeowners look to rent unsold properties]]>http://www.bloggingstocks.com/2009/05/12/more-homeowners-look-to-rent-unsold-properties/http://www.bloggingstocks.com/2009/05/12/more-homeowners-look-to-rent-unsold-properties/http://www.bloggingstocks.com/2009/05/12/more-homeowners-look-to-rent-unsold-properties/#commentsFiled under: , , ,

House for RentAs we all know, the housing market has been taking a beating over the past couple years. The global recession seemed to spark right out of the American housing market, and things have not really been improving too much. With all the homes that are unsold in the country, more and more homeowners have decided to rent instead of sell their properties.

As the housing market began to come apart at the seams, home inventories started to swell, and prices started to drop. Everyone has been waiting anxiously to see a point where the lower prices would bring massive buyers back into the market, but that still has not happened yet, and instead of lowering prices even further, homeowners have decided to hold onto properties a little longer and pull in some rental income instead.

Continue reading More homeowners look to rent unsold properties

More homeowners look to rent unsold properties originally appeared on BloggingStocks on Tue, 12 May 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>creditforeclosureshome pricesHomePriceshomeshousingmortgagesrentingTue, 12 May 2009 17:30:00 EST<![CDATA[KB Home posts better than expected quarterly earnings]]>http://www.bloggingstocks.com/2009/03/27/kb-home-kbh-posts-better-than-expected-quarterly-earnings/http://www.bloggingstocks.com/2009/03/27/kb-home-kbh-posts-better-than-expected-quarterly-earnings/http://www.bloggingstocks.com/2009/03/27/kb-home-kbh-posts-better-than-expected-quarterly-earnings/#commentsFiled under: , , , , ,

KB Home earnings reportThe nation's fifth largest home builder, KB Home (NYSE: KBH), had its chance to impress Wall Street this morning when it reported first quarter earnings, and it did not disappoint, easily beating out analyst estimates.

As we discussed in our earnings preview, the company had been expected to show a net loss of 81 cents for the quarter. The actual loss for the quarter was less than expected, with a reported loss of only 75 cents per share.

Continue reading KB Home posts better than expected quarterly earnings

KB Home posts better than expected quarterly earnings originally appeared on BloggingStocks on Fri, 27 Mar 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsfeaturedhome buildersHomeBuildershomeshousinginthenewsKB HomeKBHKbHomereal estateRealEstateFri, 27 Mar 2009 11:20:00 EST<![CDATA[KB Home first quarter earnings preview]]>http://www.bloggingstocks.com/2009/03/26/kb-home-first-quarter-earnings-preview/http://www.bloggingstocks.com/2009/03/26/kb-home-first-quarter-earnings-preview/http://www.bloggingstocks.com/2009/03/26/kb-home-first-quarter-earnings-preview/#commentsFiled under: , , , , , , ,

We will see earnings from one of the major home builders in the morning, as KB Home (NYSE: KBH) gets its chance to impress Wall Street when it reports its first quarter numbers prior to the market open.

The company, which last year ranked the 5th largest home builder in the country, is expected to show a loss for the quarter of $0.81 per share. Should the company be able to match these estimates, it would be a great improvement over its fourth quarter loss of $3.96 per share. When looking back at the same period last year, KBH showed a loss of $3.47 per share for its first quarter last year.

Continue reading KB Home first quarter earnings preview

KB Home first quarter earnings preview originally appeared on BloggingStocks on Thu, 26 Mar 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings previewEarningsPreviewhome priceshome salesHomePriceshomesHomeSalesKB HomeKBHKbHomereal estateRealEstaterealtytrrealtytracThu, 26 Mar 2009 17:20:00 EST<![CDATA[New home sales jump in February]]>http://www.bloggingstocks.com/2009/03/25/new-home-sales-jump-in-february/http://www.bloggingstocks.com/2009/03/25/new-home-sales-jump-in-february/http://www.bloggingstocks.com/2009/03/25/new-home-sales-jump-in-february/#commentsFiled under: , , , ,

home sales pricesWall Street is trading up nicely today, in part due to the news that new home sales made a big jump last month.

The sales figures for February are a welcome relief after we saw January hit a record low. During February, however, new home sales did pick up, and gained 4.7% during the month. While we have to keep in mind that February sales do rank second worst on record, it is encouraging to see things move in the right direction.

Continue reading New home sales jump in February

New home sales jump in February originally appeared on BloggingStocks on Wed, 25 Mar 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>home pricesHomePriceshomeshousinginthenewsreal estateRealEstateWed, 25 Mar 2009 13:40:00 EST<![CDATA[More dismal news on the foreclosure front]]>http://www.bloggingstocks.com/2009/03/06/more-dismal-news-on-the-foreclosure-front/http://www.bloggingstocks.com/2009/03/06/more-dismal-news-on-the-foreclosure-front/http://www.bloggingstocks.com/2009/03/06/more-dismal-news-on-the-foreclosure-front/#commentsFiled under: , , , ,

foreclosure rates hit 12%We all know that things have been less than ideal for homeowners over the past year, and we got a little clearer picture yesterday of just how bad things have become. According to a new report, 12% of all homeowners in the country were at least one month behind on their mortgage payments, or already in foreclosure at the end of 2008.

The situation is even worse for subprime, adjust-rate mortgage holders. These loans have been blamed as a major reason why the credit market has reached the point where it is now, and according to this report an amazing 48% of these mortgages have either fallen behind or have entered foreclosure proceedings.

Continue reading More dismal news on the foreclosure front

More dismal news on the foreclosure front originally appeared on BloggingStocks on Fri, 06 Mar 2009 08:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fixed rate mortgagesFixedRateMortgagesforeclosureshomeshousingmortgagesreal estateRealEstaterecessionsubprimeunemploymentFri, 06 Mar 2009 08:10:00 EST<![CDATA[Record drop in home prices]]>http://www.bloggingstocks.com/2009/02/24/record-drop-in-home-prices/http://www.bloggingstocks.com/2009/02/24/record-drop-in-home-prices/http://www.bloggingstocks.com/2009/02/24/record-drop-in-home-prices/#commentsFiled under: , , , , ,

Home prices continued their downward spiral in the fourth quarter, posting a record drop in values.

One of the most widely watched indexes for home values is the Standard & Poor's/Case-Shiller U.S. National Home Price Index and, according to data released today, the index dropped by an amazing 18.2% during the fourth quarter when compared with the same period in 2007. This marks the largest quarterly drop in the 21 years that the index has been tracking home prices.

Continue reading Record drop in home prices

Record drop in home prices originally appeared on BloggingStocks on Tue, 24 Feb 2009 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Case-Shillerconsumer confidenceconsumer spendingConsumerConfidenceConsumerSpendingforeclosureshome valueshomesHomeValuesinthenewsObamaprice indexPriceIndexSPTue, 24 Feb 2009 10:50:00 EST