Wednesday, April 7, 2010 as of 11:14 AM ET
Ryland Homes is the United States' 7th-largest developer and home-builder. The builder, based in Westlake Village, California, has built over 295,000 homes across the United States since its inception, focusing primarily on first-time homebuyers and first- and second-time moveup buyers.
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So long as the eurozone debt saga doesn't spiral out of control, some housing-market observers are growing increasingly confident the tepid rebound the industry is now experiencing is legit.
In fact, there now stands a reasonable chance the sector of the economy where this entire global mess began will actually add to U.S. gross domestic product this year for the first time in six. "We're in the seventh year for corrections for housing and corrections don't last forever," said Russell Price, senior economist at Ameriprise Financial (NYSE:AMP). "I think we're really coming to a floor for the housing market."The stronger-than-expected yet choppy improvements in the U.S. economy in recent quarters may have finally planted the seeds for enough positive momentum in the housing market.While they are far from healthy and subject to frequent revisions, government labor indicators suggest the jobs market has improved, potentially giving consumers the courage to purchase a home. These upbeat dev...Ryland Group Inc. (RYL) swung to a fourth-quarter loss as the home-building company recorded a big tax benefit in the year-earlier quarter and saw revenue decline by...
(Revises first paragraph, adds CEO comments, background; updates share price)By Helen ChernikoffNEW YORK (Reuters) - PulteGroup Inc bested Wall Street's expectations...
(Rewrites first paragraph, updates shares, adds analyst comment, executive quote)NEW YORK (Reuters) - No. 2 U.S. homebuilder PulteGroup Inc posted its first profit s...
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While the S&P 500 grew 0.7%, the Capital Goods sector (XLI) showed little movement during trading today.Cleantech Solutions International (NASDAQ:CLNT) was a major l...
PulteGroup Inc. rallied over 5% on Tuesday, leading homebuilder stocks higher as new home sales data came in above estimates. Lennar Corp. shares gained 3.2%, D.R. H...
Home builder confidence is rising, hitting its highest level in four years and raising optimism that the worst housing crisis in decades might have scraped bottom.A ...
Appaloosa Management LP, the Short Hills, N.J.-based hedge fund run by investor David Tepper, dropped most of its home builder positions and added shares of Apple In...
The market reacted poorly to the release of the Standard & Poor's Case-Shiller home-price index for August, as homebuilder stocks plunged after investors learned tha...
NEW YORK -(Dow Jones)- NVR Inc.'s (NVR) fourth-quarter earnings fell 3.2% as the home builder reported a lower profit at its mortgage-banking business, though its ho...
NEW YORK -(Dow Jones)- D.R. Horton Inc. (DHI) swung to a fiscal first-quarter loss as the home builder was hurt by sharply lower home-sale revenue in the absence of ...
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