Hints and tips:
...Meanwhile, the belief in growth means that, amazingly, homebuilding stocks in the US are back almost to the peak they reached way back in the bubble in 2006....
...In RBC’s consultant relations team, Michael Poremba joins as a managing director and Jason Pasquinelli as a senior manager, from Neuberger Berman and Northern Trust respectively....
...(Foreign Policy) “Tri Pointe Homes, a homebuilder backed by Barry Sternlicht’s Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co’s homebuilding division for about $2.7 billion, according...
...Four of the five members of the S&P 500 homebuilding index are now also considered small caps....
...The deal is the first significant cash investment in any public homebuilding company during one of the worst housing downturns on record, analysts said....
...Amid fears that Emaar’s US homebuilding subsidiary, John Laing Homes, would see revenues tumble in the third quarter because of subprime problems, Emaar’s share price hit a 28-month low last week....
...The figures underlined the woes that have beset the homebuilding and mortgage sectors in recent weeks....
...Concerns over possible contagion from the US subprime mortgage crisis dominated the week, bringing turbulence to financial and homebuilding stocks....
...Financial and homebuilding stocks led the slide with the S&P financials index easing 2.4 per cent, the S&P investment bank index falling 3.9 per cent and the S&P homebuilders’ index dropping 4.8 per cent...
...But investor sentiment took a more negative turn on Friday after news of a much sharper than expected fall in the pace of homebuilding....
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