[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

HW 30 ends Wednesday trading with mixed results

Builders stayed strong, while banks staged a comeback

/ Print / Reprints /
| Share More
/ Text Size+

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