|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||58.01 - 60.26|
|52-week range||48.52 - 72.17|
|PE ratio (TTM)||17.18|
|Earnings date||22 Mar 2018 - 1 Apr 2018|
|Forward dividend & yield||0.16 (0.27%)|
|1y target est||78.11|
Did the Housing Market Take a Breather in February? Just as markets were celebrating the stellar 9.7% increase in housing starts in January, the February data proved to be a damper for that enthusiasm. Housing starts decreased by 7% in February and were down 4% as compared to the same period a year ago.
Though the current housing scenario from the perspective of these economic indicators is not encouraging enough, the overall picture still looks convincing for investors.
As increases in disposable income and strength in economy are expected to boost housing demand, let us analyze which is a better pick -- Lennar (LEN) or D.R. Horton (DHI).
The U.S. housing market’s thunderous crash a decade ago helped bring the global economy and financial system to their knees. Abetted by a robust job market, low interest rates, and beneficial demographics, the nation’s housing market has been enjoying a Goldilocks sort of recovery—neither too cold nor too hot (with the exception of several coastal markets), but just about right. Given strong demand, insufficient inventory, and modest annual price gains, many industry experts see the recovery continuing for several years—unless mortgage rates unexpectedly spike, spoiling what has been a tame but enjoyable party.
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Speculation about housing market normalization after the hurricane-related surge seems unfounded after the January housing starts beat all expectations. Housing starts increased 9.7% in January. The US Census Bureau and the Department of Housing and Urban Development have reported housing starts for January at 1.33 million, a sharp increase from the revised December reading of 1.21 million.
NEW YORK, Feb. 22, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Herc ...
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Data from as early as 1950 showed that the 12-month return on the broader S&P 500 in the Year of the Dog was up more than 15% on average.
Aegion's (AEGN) ongoing efforts to focus and simplify business, along with strong backlog, continued strength across key markets will lead to significantly improved 2018 earnings.
On February 5, Jefferies upgraded Lowe’s (LOW) to “buy” from “hold” and raised the target price to $129 from $81. On February 5, Piper Jaffray upgraded VF Corporation (VFC) to “overweight” from “neutral” and raised the target price to $91 from $85. On February 5, Wells Fargo upgraded Charter Communications (CHTR) to “outperform” from “market perform” and raised the target price to $460 from $359.
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AECOM (ACM) reported impressive first-quarter fiscal 2018 results on the back of strong performance in its Building Construction and Power business.
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D.R. Horton, Inc.'s (DHI) Q1 earnings and revenues surpass the Zacks Consensus Estimate, courtesy of a solid housing market scenario.
An improving economic backdrop, outsize demand, and steady growth mean another solid earnings season ahead for home builders, but don’t expect much detail in terms of 2018 expectations, one analyst thinks....
The storm-related surge in housing starts in the southern region seems to be subsiding after the hurricanes. The housing starts for December fell 8.2% and are 6% lower compared to 2016. The US Census Bureau and Department of Housing and Urban Development reported the housing starts in December at 1.192 million—a minor drop from the revised November reading of 1.299 million.
Although the December housing data were not impressive, the larger picture is overwhelming, signaling strong prospect and investing in housing stocks might sound profitable right now.