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Top related persons:
Andrew Kelly - 1 Carl Reichardt - 1 Matthew Bouley - 1 James Egan - 1 Morgan Stanley - 1 Egan - 1 homebuilders - 1 BTIG's Reichardt - 1
Top related locs:
Morristown Morristown , New Jersey U.S Bengaluru
Top related orgs:
Lennar Corporation - 1 REUTERS - 1 Federal Reserve Economic - 1 Lennar - 1 PulteGroup Inc - 1 U.S . Census - 1 National Association of Realtors - 1 Barclays - 1

Search resuls for: "Matthew Bouley"


3 mentions found


☆ Large US homebuilders raise prices as existing home supply remains tight
  + stars: | 2023-08-25 | by ( Ananta Agarwal | ) www.reuters.com   time to read: +3 min
It is thereby squeezing the pool of existing homes, which are typically more affordable than new construction. Public homebuilders on average have raised prices in about two-thirds of their communities, said BTIG analyst Carl Reichardt. This comes as the pricing gap between existing and new homes has narrowed, following a price appreciation in the resale market. "When the existing home market is seeing a price appreciation, it supports pricing power for new construction." However, as a consequence of recovery in new construction prices since last year, "affordability is close to its worst levels in at least the last three decades," said James Egan, Morgan Stanley housing strategist.
Persons: Andrew Kelly, Carl Reichardt, Matthew Bouley, James Egan, Morgan Stanley, Egan, homebuilders, BTIG's Reichardt, Ananta Agarwal, Shinjini Organizations: Lennar Corporation, REUTERS, Federal Reserve Economic, Lennar, PulteGroup Inc, U.S . Census, National Association of Realtors, Barclays, Thomson Locations: Morristown, Morristown , New Jersey, U.S, Bengaluru
☆ 16 breakout stocks are forming the bullish golden cross chart pattern
  + stars: | 2023-01-23 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
The names are forming a "golden cross" pattern, which is when the 50-day moving average crosses above the 200-day moving average. Its 50-day moving average is 6% above its 200-day moving average. Another solar company, First Solar , also made the list, with its 50-day moving average 18% higher than its 200-day moving average. Its 50-day moving average is 10% above its 200-day moving average. The company's 50-day moving average is 9% above its 200-day moving average.
☆ Barclays upgrades Lennar, says homebuilder can rally more than 25% as housing market troughs in 2023
  + stars: | 2022-12-14 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Homebuilding stock Lennar is one of the best-positioned names to capitalize on a housing market trough next year, according to Barclays. Analyst Matthew Bouley upgraded the homebuilder to overweight from equal weight, saying in a note to clients Wednesday that Lennar's size and past history of solid execution should help it navigate this environment. Barclays' upped its price target on Lennar to $116 from $85 a share, suggesting the stock's poised to rally 28% from Tuesday's close. Across the board, Bouley views many housing stocks as better situated for a solid 2023 and poised to benefit from the possibility of interest rates peaking. Bouley also upgraded shares of PulteGroup to an overweight rating, saying that the stock offers a "best-in-class" return on equity that isn't reflected in its valuation.
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