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Stock Market & Financial Investment News

News Breaks
June 23, 2014
17:05 EDTMDCM.D.C. Holdings unit closes on property at Colonial Park in Lehi
M.D.C. Holdings announces that its Richmond American Homes of Utah subsidiary recently closed on property at Colonial Park in Lehi. The community is scheduled to open this summer, and the company has begun pre-selling from neighboring communities in American Fork and Saratoga Springs.
News For MDC From The Last 14 Days
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June 19, 2015
14:26 EDTMDCHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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