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Most Active Housing Stocks – D.R. Horton (NYSE:DHI), PulteGroup (NYSE:PHM), Lennar (NYSE:LEN), KB Home (NYSE:KBH)
D.R. Horton, Inc. (NYSE:DHI) is temporarily suspending its practice of reserving mineral rights beneath newhomes it sells in Florida, according to a letter from the company to the office of the Florida Attorney General. Shares of D.R. Horton, Inc. (NYSE:DHI) closed at $ 20.11 during last trading session. The share price of the company yesterday…
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Homebuilders Compensate Higher Mortgage Rates By Offering Incentives – Lennar, PulteGroup, Hovnanian Enterprises, M/I Homes, MDC Holdings
When interest rates rise it reduces the purchasing power of consumer as their budget goes down. Builders including Lennar Corporation (NYSE:LEN) and PulteGroup Inc. (NYSE:PHM) are inclined towards their financing units to accelerate orders as increase in mortgage rates undermines customer purchasing power. Homebuilders offer incentives which may include paying down interest rates, declining closing…
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Real Estate developers in Singapore are most upbeat on the hotel/serviced apartment sector – (WY, PHM, CBG, FLR)
The sentiment of property developers in Singapore has shown modest growth in the third quarter when compared with the previous quarter, according to the REDAS-NUS Real Estate Sentiment Index (RESI) Survey. The Composite Sentiment Index, which is seen as the indicator for overall real estate market sentiment in Singapore, was at 4.9 in the third-quarter…
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Five Upcoming Real Estate Events – (WY, DLR, PHM, SPF)
Here are the 5 upcoming real estate events: Rehab class will be held 8:30-12:00 Nov. 3, at the Royal Oak Senior Center, 3500 Marais, Royal Oak (north of 13 mile, between Crooks and Main). This aim of this class is to help people understand how to best estimate and execute a successful rehabilitation and the…
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Net Loans to Commercial Real Estate up by $50 billion – (KBH, PLD, PHM, SPG)
The bank’s net loans to commercial real estate reportedly rose by about $50 billion in the second quarter. It was pointed out, however, that as much as three-quarters of that amount was provided for the apartment sector. Sam Chandan, president and chief economist with Chandan Economics, said that the key reason associated with the decline…
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For August, China’s Production Activity Reduces To 47.8 – (GE, PHM, TOL)
HSBC’s flash version of China’s output level decreased to 47.8 for the current month as compared to a final print of 49.3 in July, the bank said today, releasing the worst results in nine months. The preliminary data of the China manufacturing Purchasing Managers’ Index continued to stay below 50 for the 10th month in…
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Former Indonesian President Criticizes Strategic Industries Collapse Over The Past Decade – (GE, PHM, BA, HON)
Former Indonesian President B.J. Habibie has started a stinging attack on the government for permitting many strategic industries to arrive at the edge of collapse over the last decade. Habibie said that manufacturing of aircraft, ships and trains had been stopped in recent years and that a number of the companies involved in those sectors…
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India’s Industrial Output Falls More Than Estimates, Third Decline In Four Months – (GE, PHM, BA)
India’s industrial production declined 1.8 percent in June, a worse-than-expected result and its third drop in four months as declining manufacturing activity and investment impacted the forecast for Asia’s third-biggest economy. The government released data today indicating that a 3.2 percent decrease in manufacturing activity led the drop. Capital goods output, which is a sign…
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Indonesia Further Raises Industrial Output As Domestic Consumption Increases – (GE, PHM, BA)
Indonesia has further increased its manufacturing activity in the second quarter as strong home demand compensated for weak foreign consumption, according to the most recent data released by the Central Statistics Agency (BPS). The level of output from the country’s medium and large manufacturers rose by 2.55 percent year-over-year in the second quarter of 2012,…