M.D.C. Holdings, Inc. (MDC) recently unveiled that about 99.8% of its stockholders have approved a proposal for the merger agreement between MDC and Sekisui House, Ltd.On Jan 18, Sekisui House — one of the top-tier house manufacturers in Japan — announced that it had signed a definitive agreement to acquire MDC in an all-cash transaction of $4.9 billion.Per the agreement, MDC shareholders will receive $63.00 per share in cash, which represents an approximately 19% premium to MDC's closing stock price on Jan ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Key TakeawaysShares of several homebuilders fell on Tuesday after analysts at Wedbush Securities downgraded the companies to "underperform."Wedbush analysts said the companies' share prices are likely to fall during the summer as high mortgage rates, inflation and possible delays in interest rate cuts by the Fed weigh on the market for new homes. The analysts see little reason for mortgage rates to fall, and also pointed to the trend of homebuilders relying on price cuts and other incentives to boost sales. ...

Online homebuying pioneer now selling at Pine Brook in RinconRINCON, Ga., April 2, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders and an industry leader in online home sales, has announced that its Century Complete brand is now selling at Pine Brook, a new community in Rincon featuring quality single-family floor plans, affordably priced from the low $300s. Gardner Floor Plan | New Homes in Rincon, GA | Pine Brook by Century Complete Essex Floor Plan ...

Shares of Century Communities (CCS) have been strong performers lately, with the stock up 11.8% over the past month. The stock hit a new 52-week high of $97.92 in the previous session. Century Communities has gained 5.9% since the start of the year compared to the 15.7% move for the Zacks Construction sector and the 13.3% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed ou ...

National homebuilder set to open new community in summer 2024SAN ANTONIO, March 21, 2024 /PRNewswire/ -- Century Communities, Inc.—an industry leader in online home sales and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—held a celebratory groundbreaking ceremony on March 8 for its newest San Antonio community, Spring Creek. Anticipated to open in the summer of 2024, this modern neighborhood will offer five versatile single-family floor plans, making it easie ...

The U.S. homebuilding market is trying to make a steady rebound as inflation cools and mortgage rates ease from multi-decade highs. Buyers are once again flocking markets and demand for new homes is driving sales.Housing Market Looks PromisingThe National Association of Home Builders said on Mar 18 that the NABH/Wells Fargo Housing Market Index of builder confidence jumped to 51 in March from an unrevised 48 in February. Economists had expected homebuilder confidence to remain unchanged for the month.This w ...

Builder confidence in the market for newly constructed single-family homes surged above the breakeven point in March, marking the fourth consecutive monthly gain. The upside reflects a persistent shortage of existing inventory, which continues to steer buyers toward new home construction. Also, robust demand and mortgage rates staying below peak levels, as witnessed last fall, have contributed to the heightened sentiment among builders.Given the uptrend, let's add some notable homebuilders like Century Comm ...

New Sales Studios offer extra in-person resources and support from the national leader in online homebuyingJACKSONVILLE, Fla., March 14, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—has announced the grand opening of two new Florida Sales Studios representing the Century Complete brand: one in Jacksonville and one in Panama City ...

In February, U.S. inflation rose to 3.2%, up from January's 3.1%, fueled by higher petrol and housing prices. These figures are crucial for the projections for 2024 rate cuts, with the Mar 20 meeting likely to maintain rates between 5.25% and 5.5%.Since 2022, the Fed's aggressive rate hikes have tempered inflation, prompting expectations of interest rate cuts this year. However, recent inflation data (for the first two months of 2024) depicts a hotter-than-expected rise in prices. This has led to revisions ...