Rick Sharga: Is this the end of the housing recovery?

Rick Sharga: Is this the end of the housing recovery?

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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%.

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