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Stock impact report

3 Home-Building Stocks to Buy on the Housing Sector Revival [Yahoo! Finance]

Century Communities, Inc. (CCS) 
Last century communities, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.centurycommunities.com
Company Research Source: Yahoo! Finance
People on the lookout to buy homes and existing homeowners with a flexible mortgage plan felt the heat. The restrictive monetary policy employed by the Fed to tackle the four-decade-high inflation in the United States was almost singularly responsible for home prices shooting through the roof. However, with the first rate cut expected sometime later this year, mortgage rates are stabilizing, and the housing market may be staging a comeback. Per the National Association of Realtors (“NAR”), pending home sales in March climbed 3.4%, while its index number coming in at 78.2, registered the highest in the past 12 months. Total existing home sales, which include single-family homes, town-homes and condominiums, declined 4.3% in the same period. Total housing inventory came in at 1.11 million units, increasing 4.7% from February and 14.4% from a year ago. This is a significant development, because with inventories of homes for sale going up, the upward pressure on home prices would de Show less Read more
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