Here are the stories coming your way for the very busy week of October 19.
September’s NAHB Housing Market Index Survey hit 62 in September, which was its highest total since 2005. Wall Street expects October’s builder’s sentiment numbers, which come out today (10/19), to stay at 62.
NVR’s results are slated to come out on Tuesday (10/20). In its second quarter, it margins beat estimates.
September Housing Starts are due out on Tuesday (10/20). August’s numbers fell 3% to 1.13 million homes. Building Permits, which came in at 1.17 million in September, are due out on the same day.
M/I Homes reports earnings this Thursday (10/22). In July, the builder beat on EPS, but missed on earnings.
PulteGroup reports earnings this Thursday (10/22). Last quarter, the builder beat estimates on earnings and gross margins.
Following three straight months of gains, existing–home sales dipped to 5.31 million in August. Wall Street expects the number to rise to 5.35 when September’s numbers come out on Thursday (10/22).
- This Thursday (10/22) BUILDERS’s Brian Croce reports on the NAHB’s Fall Construction Forecast, which promises to cover recovery hurdles, like labor shortages and tight credit; tailwinds pushing housing, such as demographics and pent-up demand; future Federal Reserve actions and their impacts; and a state-by-state analysis of housing prices, employment, housing starts, and more.
