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Category Archives: Real Estate

US Housing Numbers Disappointing Again

29-Oct-09

Disappointing data from the US housing market made investors more cautious, pushing the stock market down yesterday. Analysts, who were predicting a sixth consecutive month of rising new home sales, had their hopes deflated after the numbers were released. September’s new home sales fell unexpectedly by 3.6% to a seasonally adjusted annual rate of 402K, [...]

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KB Home Reports Deeper-Than-Expected Quarterly Loss

26-Sep-09

Yesterday, the homebuilder KB Home, reported a deeper-than-expected quarterly loss for its nine-month period through August 31, 2009. The company recorded a loss of US$66M (US$0.87 per share) versus a loss of US$144.7M (US$1.87 per share) a year ago. Analysts were expecting a loss of US$0.58 per share. As the U.S. housing market slumped during [...]

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Citigroup Downgrades Toll Brothers To “Hold” From “Buy”

25-Aug-09

After being hit hard by the downturn in the construction industry, Toll Brothers Inc. received yet another blow yesterday, as the luxury homebuilder was downgraded to “hold” from “buy” at Citigroup Inc. – which cautioned investors should “wait for a more compelling entry point” to purchase the stock. Added to this, many analysts are not [...]

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Toll Brothers Reports Bad News

04-Jun-09

Though it appears that some U.S. home buyers are ready to re-enter the market, luxury homebuilder Toll Brothers Inc. may have quite a wait before it reaps the benefits. After reporting a wider-than-expected quarterly loss of US$0.52 per share (vs a US$0.59 loss per share YOY), Toll Brothers said it would not be releasing an [...]

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