Tag: Home Construction

PulteGroup  surpassed second-quarter earnings expectations Wednesday but shares were moving lower as the home construction business remains under pressure.

Lennar’s second-quarter revenue missed Wall Street’s expectations, according to financial results released Thursday as housing market headwinds kept on blowing.

On Tuesday, D.R. Horton Inc. (DHI) reported second quarter adjusted earnings per share of $2.24, beating analyst estimates of $2.13.

U.S. homebuilder D.R. Horton (DHI) posted first-quarter profit and revenue above Wall Street’s estimates on Tuesday, as its incentive offers for buyers ​and the Federal Reserve’s interest-rate cuts boosted home sales.

Lennar one of the nation’s largest home builders, missed earnings estimates for its fourth quarter and issued disappointing guidance, sending shares falling. It isn’t a good omen for other builders—but the report contains some company-specific quirks.

KB Home posted higher revenue and profit in its fiscal fourth quarter, as housing market conditions improved and consumers continued buying homes.

Lennar reported third-quarter earnings on Thursday that beat estimates as homes for sale remained in short supply. Yet the company’s shares were falling in after-hours trading, even as its executive chairman said stronger demand from home-buyers lies ahead.

Lennar logged higher revenue in its fiscal second quarter after reporting a jump in home deliveries and new orders amid sales incentives directly aimed at the consumer.

Shares of D.R. Horton Inc. rallied Thursday, after the home builder reported fiscal second-quarter profit and revenue that rose well above expectations and raised its full-year outlook, as the continued lack of housing supply helped boost sales.

Lennar , one of the nation’s largest home builders, beat expectations for third-quarter revenue and profit on Thursday, demonstrating that demand for new homes remained strong through August.