New construction remains popular as existing home listings continue to lag [FOX Business Network]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: FOX Business Network
The National Association of Home Builders/Wells Fargo Housing Market Index — which measures the market conditions of new home sales — rose by three points to 51 in March. This is the highest it's been since July. This rise in the index signals a greater desire for new construction among current homebuyers. "The solid level of single-family production in February tracks closely with rising builder sentiment, and with mortgage rates expected to moderate further this year, this will provide an added boost for single-family building," Carl Harris, the NAHB's chairman, said Although they're often more costly, newly built homes are even more attractive to new buyers because builders often offer incentives to buy. Compared to existing homes , which tend to go for more than listed and have buyers constantly entering into bidding wars, new builds offer a welcome reprieve. According to NAHB survey data, builders made significant efforts throughout 2023 to get buyers to consider new build
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- First American Financial Co. (NYSE: FAF) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $72.00 price target on the stock.MarketBeat
FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- FAF's page on the SEC website