Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February, led by the Midwest, as lower mortgage costs helped buyers afford properties. Single-family.
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U.S. Homes Sales Rebound in March, Beat Analysts’ Estimates Contents Muted inflation levels 180 current locations Auto sales trailed estimates Economics team interprets Estate. compare heir apparent view detailed financial information, real-time news, videos, quotes and analysis on D.R. Horton Inc. (NYSE:DHI).
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In addition, new home sales for February and March were revised upward by a combined 10,000 units. Compared to May 2016, new home sales are now up 8.9 percent. The number of new homes for sale increased by 4,000 units (1.5 percent) from April to 268,000 units (SAAR), its highest level since July 2009, but still low by historic standards .
Goldman Sachs Group Inc. climbed the most in 10 months after quarterly profit beat estimates and full-year revenue grew for the first time since 2009. The stock rose 4.1 percent to $141.09 at 4:09 p.m.
The Fremont, Calif.-based company earned an adjusted $3.70 a share on sales of $2.44 billion in the March quarter. Analysts expected Lam Research earnings of $3.38 a share on sales of $2.4 billion.
One sign things aren’t all bad: D.R. Horton Inc., the largest U.S. homebuilder by revenue, yesterday reported earnings and orders that beat analyst estimates. credit availability will push existing.
U.S. stocks declined. to be pushing into a rebound soon.” The S&P 500 has risen 1.9 percent this month, rebounding from a drop in March, after earnings from companies including Merck & Co. and.
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U.S. stocks advanced, after the Standard & Poor’s 500 Index fell to its lowest in a month, as Yahoo! Inc. led a rebound in technology. reported revenue and comparable-store sales that trailed.