Homebuilders

Slide in banks, energy firms weighs on US stock indexes

Stocks drifted mostly lower in late-afternoon trading on Wall Street Thursday, on track to add to the market’s modest losses a day earlier. A slide in banks and energy companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. KEEPING SCORE: The … Continue reading Slide in banks, energy firms weighs on US stock indexes

Stocks drift in early trading as traders watch trade talks

Stocks veered lower in morning trading on Wall Street Thursday as losses in banks and energy companies offset gains elsewhere in the market. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. Technology stocks moved higher, adding to recent gains. Investors had their eye on trade as the U.S. … Continue reading Stocks drift in early trading as traders watch trade talks

S&P 500 touches all-time high as earnings drive stock gains

U.S. stocks moved higher Tuesday afternoon as investors welcomed solid results from homebuilders, retailers and other companies. Technology stocks and banks also rose. The rally briefly placed the S&P 500 on track for an all-time high. The benchmark index of large U.S. companies was hovering just below its last closing high set seven months ago. … Continue reading S&P 500 touches all-time high as earnings drive stock gains

US housing starts tumbled 12.3 percent in June

WASHINGTON/ July 18, 2018 (STL.News) — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June’s pace of construction was the lowest since September 2017. … Continue reading US housing starts tumbled 12.3 percent in June

The Latest: Shares in homebuilders fall ahead of Fed meeting

WASHINGTON/ June 13, 2018 (AP)(STLRealEstate.News) — The Latest on the Federal Reserve policy meeting (all times local): 12:30 p.m. Homebuilders are taking a beating on Wall Street ahead of Wednesday afternoon’s Federal Reserve meeting, where analysts are expecting a rate increase. The Fed’s rate hikes can translate into higher interest rates for credit card holders … Continue reading The Latest: Shares in homebuilders fall ahead of Fed meeting

Tech and health care lead US stocks lower; bond yields rise

May 15. 2018 (AP)(STLRealEstate.News) — Losses in technology and health care companies helped pull U.S. stocks lower Tuesday, snapping an eight-day winning streak by the Dow Jones industrial average. The broad sell-off followed a slide in bond prices, which sent the 10-year Treasury yield to its highest level in almost seven years. That paves the … Continue reading Tech and health care lead US stocks lower; bond yields rise

Privately-Owned Home Builder In Austin Joins Clayton Properties Group

MARYVILLE,/Tenn., April 9, 2018 (STLRealEstate.News) — Clayton Properties Group®, a division of Clayton Home Building Group®, a Berkshire Hathaway company and one of America’s largest homebuilders, today announced it has acquired Brohn Homes, one of Austin, Texas’ largest privately-owned homebuilders. Brothers Adam Boenig, co-president, and Aaron Boenig, co-president, founded Brohn Homes in 2003 as a … Continue reading Privately-Owned Home Builder In Austin Joins Clayton Properties Group