Category Archives: Housing

The Pause that Refreshes the Homebuilders?

It has certainly been a rough year for homebuilding stocks, but not nearly so bad for the housing market. The Lark Research Homebuilder Stock Price Index, an equal weighted average of eleven publicly-traded homebuilder stocks, was down 29.2% year-to-date through December 7. By comparison, the S&P 500 has declined 1.5% and the Russell 2000 has declined 5.7%. Continue reading

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A Process of Adjustment for the Homebuilders

2018 has been rough for homebuilding stocks.  The Lark Research Homebuilder Stock Index, which is an equal-weighted measure of the price performance of ten publicly-traded homebuilders, was down 19.9% year-to-date through August 3rd, far worse than the gains of 6.2% … Continue reading

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18Q1 Housing Update

The rate of growth in housing production decelerated modestly in 18Q1, but growth in new home sales remained solid. In 18Q1 conference calls, builders said that the housing market remains strong, with gains in jobs and wages and limited inventories … Continue reading

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A Possible Early Sign of a Market Rebound

Last week, stocks fell sharply. The S&P 500 ended the week down 5.16% in price. The Lark Research Homebuilder Stock Price Index fell 6.02%, underperforming the broader market.

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Housing Market Outlook

Housing has been a consistent bright spot in an otherwise mediocre recovery. Critics complain that the recovery in housing has been lukewarm, because production levels are still well below levels seen in the years before the housing bust. Yet, housing … Continue reading

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2017 Housing Market Outlook

Housing market activity has strengthened in recent months.  This has raised the hope of another leg up in the recovery.  Yet, investors are still skeptical about the industry’s future prospects.

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KBH Looks to Extend Gains in 2017

KB Home (KBH) was the sixth largest builder in the U.S. in 2016, according to Builder Magazine.  The company operates in four regions, nine states and 39 metropolitan markets.  It generates most of its sales in California, with operations in … Continue reading

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Sentiment on Homebuilding Stocks Turns Negative Suddenly

Homebuilding stocks have been crushed since the beginning of the year and especially over the past few weeks. The Lark Research Homebuilder Stock Price Index, (an equal-weighted price-only weekly index of the share prices of 12 publicly-traded homebuilders, rebalanced at … Continue reading

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Stocks Take A Tumble Again

Stocks got off to a terrible start in its first week of 2016 – the worst start to a year ever, according to Barron’s.  The S&P 500 closed the week down 6%.  Most major averages posted similar declines.  The S&P … Continue reading

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