Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Investments

HW 30 ends Wednesday trading with mixed results

Builders stayed strong, while banks staged a comeback

stocks

Stocks on the HW 30 index performed with mixed results on Wednesday, even though the entire index rose 0.65%.

Building firm shares continued to grow in the wake of positive reports from two key players in the market.

Homebuilder Lennar (LEN) is flying high after its impressive third-quarter earnings report on Tuesday. The builder's stock ended Wednesday trading up 1.06%— at $36.39 per share.

D.R. Horton (DHI) also remained positive, rising 0.50% for the day. The builder started the day at $20.11 per share and ended it at $20.16 per share. Recent reports on home prices and new home sales, which jumped 7.9% in August, are thought to have some impact on the builders’ stocks.

Toll Brothers (TOL) was the only builder on the HW 30 index to fall, down 0.57% for the day. The stock opened at $33.28 and ended the day at $33.14 per share.

Real estate stocks, such as Trulia (TRLA) and Zillow (Z), dipped slightly on the index. Trulia ended the day down 0.19%, while Zillow fell a whopping 2.93%.

The big bank stocks turned things around after all three took a tumble on Tuesday. Bank of America (BAC) was up 0.35%, closing at $14.14 per share on Wednesday.

JPMorgan Chase (JPM) finished up a substantial 2.74% at $51.70 per share, while Wells Fargo (WFC) ended the day up 0.19%.

Recent Articles by Megan Hopkins

Comments powered by Disqus