Homebuilding & Construction Supplies

TradingKey - On Monday, September 21, Eastern Time, futures on the three major US stock indices all rose in pre-market trading as high-level US-China talks sent positive signals. Meanwhile, Brent crude fell for the fourth consecutive trading session, temporarily easing market concerns over energy prices driving inflation.

TradingKey - As of September 17 Eastern Time, the average US 30-year fixed mortgage rate rose to 6.95%, up 19 basis points from the previous week and just 5 basis points shy of 7%, compared with 6.26% in the same period last year.

TradingKey - LEN closed at $80.07 ahead of Q3 earnings and the Fed decision. Can $80.73 resistance break and reopen $84.17-$84.83?

During the week of September 14–18, the US stock market will see the Federal Reserve's September FOMC meeting, as well as key economic data including US August retail sales, import and export price indices, industrial production, and capacity utilization.

TradingKey - LEN closed at $77.90 as mortgage rates surge ahead of Q3 earnings. Can $76.72 support hold and trigger a rebound?

TradingKey - On May 31, Eastern Time, Berkshire Hathaway (BRK.A) agreed to acquire residential homebuilder Taylor Morrison Home (TMHC) in an all-cash deal at $72.50 per share. This represents a premium of approximately 24% over the stock's closing price last Friday, valuing the equity at approximately $6.8 billion and the total enterprise value at $8.5 billion including debt. Meanwhile, the company’s first-quarter position disclosure revealed that it reduced its holdings in Chevron (CVX) by approximately $8 billion.