(NEW YORK)In a July 1 story about a JP Morgan analyst note on homebuilders, The Associated Press erroneously reported two of analyst Michael Rehaut's statements.READ MORE
(NEW YORK)JP Morgan analyst Michael Rehaut said downward pressure on housing stocks is likely to persist because of higher interest rates, less help with down payments and declining company ...READ MORE
(WASHINGTON)A revised report on June consumer sentiment due out Friday is expected to show that Americans remain pessimistic about the economy due to falling home prices, deteriorating job gro...READ MORE
(NEW YORK)Housing stocks faltered Thursday after a major builder reported a quarterly loss and data showed home prices continued to fall last month. Lennar Corp. paced the decliners, falling...READ MORE
(WASHINGTON)A government report to be released Wednesday is forecast to show that new home sales fell in May after an unexpected increase a month earlier. The Commerce Department is expected t...READ MORE
(NEW YORK)A Credit Suisse analyst started coverage of the homebuilder sector with an "Overweight" rating Tuesday, saying the industry will likely turn a corner next spring as inventory level...READ MORE
(NEW YORK)On Tuesday, two indexes measuring the change in home prices in April are likely to show declines, as a glut of unsold homes continues to pressure the struggling market.READ MORE