Homebuilders fall to 10-month low on sales data, earnings miss

SIFMA approves changes to allow forward delivery of loans for UMBS Fannie Mae Will Begin Accepting Forward UMBS Trades – NASDAQ.com – WASHINGTON, March 11, 2019 /PRNewswire/ — In support of the Single Security Initiative, Fannie Mae (OTCQB:FNMA) will begin accepting forward Uniform Mortgage-Backed Security (UMBS) trades with.

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Mortgage insurance drives Genworth’s 3Q profitability Three weeks after Genworth revealed one of its biggest clients had dropped its contract with the company, shares in the lenders’ mortgage insurer continue to trade around 20 per cent lower at $3.

Pending Home Sales Index Falls To 10-Month Low. Homebuilders such as D.R. Horton. KB Home Earnings Top After Lennar Guidance Slammed Builders;

An earnings miss in the quarter pushed the share price down by 7%. Despite rising 12.7% year over year, adjusted earnings of 80 cents per share missed the Zacks Consensus Estimate of 83 cents by 3.6%.

May 13, 2016 Financial News - Business News - Stock Exchange - Market News  · New U.S. single-family home sales fell to a 10-month low in December after three straight months of solid gains, but the housing market recovery remains intact as a tightening labor market boosts.

 · In summary, the major macro data so far suggest positive but modest growth. This is consistent with corporate sales growth. spx sales growth in 2018 is expected to only be about 6-7% (nominal). With the rise in earnings and the moderation in share prices, valuations are now back to their 25 year average.

Digital Mortgage Fintech Rate Ellie Mae wins 2019 fintech Breakthrough Awards "Best Digital Mortgage Company" category PLEASANTON, Calif. – April 4, 2019 – Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, has been selected as the winner of the "Best Digital Mortgage Company" award in the 2019 FinTech Breakthrough Awards program for its outstanding work in.

Here’s our summary of articles and data points on the housing market. and shares of streetTRACKS SPDR Homebuilders ETF (NYSEARCA:XHB) fell 1.53% to $34.17 in yesterday’s trading." Home Sales Plunge.

It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

The pullback started picking up steam after 10 a.m. Eastern, following the release of new-home sales data for May that fell below expectations. Read more about new-home sales. Don’t miss: It’s probably time to kiss that housing market rebound good-bye.

KB Home KBH, one of the nation’s largest homebuilders, reported disappointing fourth-quarter and fiscal 2015 (ending Nov 31) results on Jan 7 before the market opened.Shares of this los angeles-based homebuilder declined 12% since the results were announced. KB Home missed the Zacks Consensus Estimate for both sales and earnings in the fourth quarter.

Building Confidence in Q2 earnings: 4 housing stocks. released existing home sales data by the National Association of Realtors, existing home sales increased 1.1% to a seasonally adjusted rate.

Existing-home sales fell 3.2% to an annual rate of 5.38 million last month, the National Association of Realtors said Wednesday. Economists had expected home resales at an annualized pace of 5.65.