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☆ Cramer's optimistic about the homebuilding sector
▼ + stars: | 2024-06-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed recent earnings from two major homebuilding companies, Lennar and KB Home , saying he feels good about the sector as a whole even though Wall Street favored the latter last week. "Even though Lennar went down and KB Home went up after both reported last week, I'm pretty positive on both stories, and the homebuilders more generally," Cramer said. "While this should theoretically be a tough space if rates stay higher for longer, the housing shortage hasn't gone anywhere." Wall Street seems unsure of how to treat these stocks, Cramer said, as they started the year strong when investors thought several rate cuts were on the horizon. Cramer said he likes KB Home and feels "more sanguine" about Lennar than Wall Street, adding the two are using two different strategies.

Persons: CNBC's Jim Cramer, Lennar, Cramer, Lennar's Organizations: KB, Wall, Federal Reserve

☆ Stocks making the biggest moves premarket: La-Z-Boy, NextEra Energy, Kroger, Lennar and more
▼ + stars: | 2024-06-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines in premarket trading: La-Z-Boy — Shares jumped more than 9% after La-Z-Boy's latest quarterly results beat expectations. The furniture company posted fiscal fourth-quarter adjusted earnings of 95 cents per share on revenue of $554 million. Analysts polled by LSEG anticipated earnings of 70 cents per share on revenue of $516 million. Semiconductor stocks — Chip stocks were higher on Tuesday, adding to the outperformance seen in recent days. Lennar reported $3.45 in earnings per share on $8.77 billion of revenue.

Persons: —, LSEG, Wells Fargo, Lennar, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: Semiconductor, Broadcom, Qualcomm, Micron Technology, Nvidia, NextEra Energy, NextEra Energy Capital Holdings, Kroger, BMO Capital Markets

☆ Nvidia swipes the crown from Microsoft — plus, the fuel for Best Buy's latest move higher
▼ + stars: | 2024-06-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Up next: There's not a whole lot expected to happen on Wall Street over the next 24 hours. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eaton —, There's, we'll, we're, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Apple, Microsoft, Broadcom, Energy, Boeing, UBS, Accenture, Kroger, Olive Garden, Darden, Jim Cramer's Charitable Locations: Wells, Dover, U.S

☆ Cramer's Lighting Round: Allstate is a buy
▼ + stars: | 2024-02-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Hawkins' year-to-date stock performance. Stock Chart Icon Stock chart icon PayPal's year-to-date stock performance. Stock Chart Icon Stock chart icon Kimberly-Clark's year-to-date stock performance. Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Lennar's year-to-date stock performance.

Persons: Hawkins, Kimberly, Clark, it's, It's, Lennar Organizations: PayPal

☆ Prefab Homebuilder Veev Wanted to Fix the Housing Crisis. Here's What Went Wrong.
▼ + stars: | 2024-01-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Veev also promised they would be green and less expensive, thanks to its factory process. The Veev representative said "no employee was requested to do so as a policy." The Veev representative said "production lines were not idle," and design errors were inevitable because the company was still testing its product. "While the Series D money was committed, not all of it was received," the Veev representative said. "Veev and Lennar made a joint decision to stop building the Gramercy project," the Veev representative wrote.

Persons: Henry Ford, Veev, Lennar, Elon, Veev Veev, Amit Haller, Ami Avrahami, Dafna Akiva, Haller, Ari Rauch, Rauch, Bond, Calcalist, I've, Scott Long, thatit, Long, Veev's Organizations: Federal Reserve, Business, Katerra, Industry, American, BI, NSF, Fortune, Employees, Dow Chemical, Lennar, Gramercy, Hayward, Wall LLC Locations: Hayward , California, homebuilding, San Carlos , California, Tel Aviv, California

☆ A new tiny-home community near San Antonio is raising eyebrows for marketing pint-sized houses for over $140,000
▼ + stars: | 2024-01-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Elm Trails is a nearly finished tiny-home community near San Antonio. AdvertisementA tiny-home community near San Antonio, Texas, is raising eyebrows for marketing pint-sized houses for over $140,000. Elm Trails is the first tiny-home community built by Lennar, a home construction company based in Florida. He also suggested that Elm Trails skeptics don't know what a good property deal is in today's housing market. "Lennar San Antonio is very innovative about how they are thinking."

Persons: —, Rhonda Ober, Ober, I'm, Billy Rojo, Billy, Rojo, Realtor.com, Lennar Organizations: Service, Forbes Locations: San Antonio, San Antonio , Texas, Florida, Texas, Elm Trails, Elm, Henley, South Carolina, Lennar San Antonio

☆ Inside the chaotic Thanksgiving-weekend collapse of homebuilder startup Veev that left employees shocked and worried about their jobs
▼ + stars: | 2023-11-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.

Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .

☆ See inside a 3D-printed tiny home being built to help address LA's housing crisis
▼ + stars: | 2023-11-29 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

Woodbury University School of Architecture's students and faculty are 3D printing a tiny home. AdvertisementLos Angeles could soon welcome its first permitted 3D-printed tiny home being built by an unexpected team. AdvertisementWoodbury University School of Architecture's 3D-printed tiny home will be topped with solar panels, according to its rendering. Woodbury University School of ArchitectureWhen finished, the unit will be Los Angeles' first permitted 3D-printed home , according to Woodbury's architecture school. Woodbury University School of ArchitectureBut nobody's lining up to move in despite its desirable location less than a 10-minute drive from Hollywood Burbank Airport.

Persons: —, Brittany Chang Organizations: Woodbury University School, Service, Futures, Solar, Architecture, US Department of, Woodbury University School of, Woodbury University School of Architecture, Solar Futures, Hollywood Burbank Airport, Business, Woodbury University, University of Maine's Locations: Los Angeles, Woodbury, Burbank , California

☆ Watch CNBC's full interview with Lennar's Stuart Miller
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Lennar's Stuart MillerLennar executive chairman Stuart Miller joins 'Squawk on the Street' to discuss the fundamental shortage of available housing, Lennar's decision to raise full-year forecasts for home deliveries, and rental prices moderating.

Persons: Lennar's Stuart Miller, Stuart Miller

☆ Home and rental prices are moderating despite supply problems, says Lennar's Stuart Miller
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome and rental prices are moderating despite supply problems, says Lennar's Stuart MillerLennar executive chairman Stuart Miller joins 'Squawk on the Street' to discuss the fundamental shortage of available housing, Lennar's decision to raise full-year forecasts for home deliveries, and rental prices moderating.

Persons: Lennar's Stuart Miller, Stuart Miller

☆ The rally in Homebuilders has legs after Lennar's earnings, says Jim Cramer
▼ + stars: | 2023-06-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

The rally in Homebuilders has legs after Lennar's earnings, says Jim Cramer'Mad Money' host Jim Cramer breaks down Lennar's impressive second quarter and what it could mean for the Homebuilders sector.

Persons: Jim Cramer Locations: Homebuilders

☆ Homebuilders say demand is rising, but they're concerned about a banking fallout
▼ + stars: | 2023-03-15 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The National Association of Home Builders/Wells Fargo Housing Market Index rose two points to 44. "But given recent instability concerns in the banking system and volatility in interest rates, builders are highly uncertain about the near- and medium-term outlook." Of the index's three components, current sales conditions rose two points to 49, and buyer traffic rose three points to 31. Accordingly, the housing market continues shifting as growing household and family formation continued to drive demand against a chronic supply shortage." In the South it rose five points to 45, and in the West it moved four points higher to 34.

☆ Homebuilder Lennar's quarterly profit rises 11%
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

Dec 14 (Reuters) - U.S. homebuilder Lennar Corp (LEN.N) reported an 11% rise in fourth-quarter profit on Wednesday as high property prices offset the impact from a shrinking pool of buyers due to a spike in mortgage rates. However, the industry now faces a cooling homebuilding market as the U.S. Federal Reserve's aggressive monetary policy tightening to curb decades-high inflation has made borrowing more difficult. Net income attributable to Lennar rose to $1.32 billion, or $4.55 per share, in the reported quarter, from $1.19 billion, or $3.91 per share, a year earlier. Revenue rose about 21% to $10.17 billion. Reporting by Priyamvada C in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

☆ Homebuyers battling high mortgage rates could soon have a new option: sell a stake in their future home for as much as $250,000 toward a down payment
▼ + stars: | 2022-11-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +7 min

The next frontier: making similar investments to buyers who need help with a down payment. Down-payment investments could help them avoid those costs, which can amount to hundreds of dollars a month. So we're gearing up for that," Riccitelli said, adding that down-payment investments represented "a massive opportunity." Indeed, one of the industry's trailblazers, Unison, stopped offering down-payment investments earlier in the pandemic, choosing instead to focus on traditional home-equity agreements. "One of the big mortgage companies is going to have to get in on it," the executive added.

☆ Rising mortgage rates hit home builders as buyers pull back
▼ + stars: | 2022-09-22 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +1 min

Mortgage rates have also skyrocketed to their highest level in 14 years. "Sales have clearly been impacted by rising interest rates," Stuart Miller, Lennar's executive chairman, said in the company's earnings release. Miller added that "there remains a significant national shortage of housing, especially workforce housing, and demand remains strong." Lennar also reported that orders for new homes fell 12% from a year ago and that it is trying to "navigate the rebalance between price and interest rates." Mortgage rates are likely to head even higher given the Federal Reserve's series of big interest rate increases and likely plans for even more hikes in the coming months.

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