Hints and tips:
...On Tuesday, rival US homebuilder Lennar surpassed consensus estimates despite rising mortgage rates....
...On Tuesday, US homebuilder Lennar surpassed consensus estimates despite rising mortgage rates....
...First-quarter results will also start to trickle out, with figures due from FedEx, Nike, Oracle, Lennar and General Mills....
...DR Horton, the biggest homebuilder by revenue, climbed 1 per cent to $23.43 and shares of Lennar Corp, the biggest homebuilder by market cap, gained 2 per cent to $45.30....
...Weakness in housebuilder stocks also hit the group, with DR Horton off 2.1 per cent to $18.05, PulteGroup down 0.7 per cent to $15.99 and Lennar 1.5 per cent lower at $34.31....
...Smaller rivals DR Horton and Lennar Corp rose 5.1 per cent to $19.69 and 4 per cent to $38.80 respectively....
...PulteGroup , another homebuilder, dropped 2.6 per cent to $8.88 while rival Lennar fell 1 per cent to $25.86....
...Homebuilders lost ground; Lennar and KB Home shed 4.2 per cent to $7.57 and 2.6 per cent to $12.39, respectively....
...’s IDR & Senior Unsecured to ‘BB+’; Outlook Negative – Fitch Downgrades M/I Homes’ IDR to ‘B’; Outlook Negative – Fitch Downgrades M.D.C....
...Among home builders, Lennar sank 7.5 per cent to $12.71 as it reported its sixth straight quarterly loss. The materials sector led the market declines, down 3.2 per cent....
...Centex fell 8 per cent to $23.73 while Lennar lost 6.8 per cent to $17.59....
International Edition