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The SPDR S&P Homebuilders ETF has jumped more than 50% year-to-date, while the iShares US Home Construction ETF has surged nearly 70%. Individual builder stocks are up too.
During Q4 2023, they saw net earnings of $1.4 billion, a per-share value of $4.82, a 32% increase to 17,366 new home orders, and a total revenue of $11 billion. PulteGroup (PHM)
Homebuilder stocks gained Thursday after the Federal Reserve signaled it would cut interest rates three times this year. The SPDR S&P Homebuilders ETF rose 2.5%, more than the S&P 500’s 0.64% ...
The housing market endured a rough 2022 as interest rates crushed affordability and demand, but analysts at Bank of America Global Research see better days ahead for some of the biggest players in ...
Suddenly, the most significant challenges to growth for home builder stocks became filling construction jobs and finding land on which to build. With low price-to-earnings (PE) ratios and profit ...
Nine homebuilder stocks have gained between 40% and 80% off their late October lows, according to a new Deutsche Bank analysis, stirring up potential concern among investors that the winning ...
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