Tag: Homebuilder

  • Homebuilder shares tumble as UK housing market weakens – business live | Economics

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    Key events Nearly £2.2bn wiped off FTSE 350 housebuilders index in August Today’s housing market woes have taken a further chunk out of the FTSE 350 index of housebuilders, which is now down around 9% since the start of August. It has resulted in around £2.2bn collectively being wiped off the value of its contstituent…

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  • RBC upgrades this homebuilder, says shares could jump nearly 20%

    RBC upgrades this homebuilder, says shares could jump nearly 20%

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    RBC Capital Markets thinks strong gains are in store for Toll Brothers as demand improves. The firm thinks sentiment surrounding the luxury homebuilder’s shares have been “overly negative.” Analyst Mike Dahl said “given TOL’s high-end, West Coast and build-to-order exposures,” recent trends show the company has experienced improvement similar to its peers. Dahl upgraded shares…

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  • Homebuilder sentiment in May pulls out of negative territory

    Homebuilder sentiment in May pulls out of negative territory

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    Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence in the market for newly built single-family homes rose 5 points in May to 50, according to the National Association of Home Builders (NAHB)/Wells…

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