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SuperValu Cruises past Analyst Expectations, Still Sinks

SuperValu (SVU) reported adjusted EPS of $0.46, beating the consensus by $0.10. Total sales from continuing operations stood at $3.8 billion—35% higher YoY.

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Kinder Morgan’s 3Q17 Results Met Analysts' Expectations

Kinder Morgan reported its 3Q17 results on October 18, 2017. It reported an adjusted EPS of $0.15, which was in-line with analysts’ consensus estimates.

Asian
Pre-Market Report: Global Markets Are Stable on October 20

On October 20, the Shanghai Composite Index closed at 3,378.65 after rising 0.25%. The SPDR S&P China ETF (GXC) fell 1.7% on October 19, 2017.

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Highs and Lows: Wall Street's Performance on October 19

After rising for five consecutive trading weeks, the S&P 500 started this week on a stronger note. It rose in the first three trading days of the week.

RECENT Real Estate RESEARCH

DHI Revenues
D.R. Horton's Second Quarter Earnings Look Strong

D.R. Horton reported 2Q16 revenue of $2.7 billion—a 16% increase on a YoY basis and a sequential increase of ~14%. The revenue beat analysts’ expectations.

Housing starts
The Housing Market Is Still Punching below Its Weight

Housing starts fell from ~1.2 million to ~1.1 million in March 2016, which was below Wall Street analysts’ estimates.

Housing starts
Big Week for Real Estate Investors: Lots of Housing Data!

In terms of economic data this week, we’ll get housing starts, building permits, existing home sales, the NAHB Housing Market Index, and the FHFA House Price Index.

Fannie Mae Attitudes about housing - good time to buy
Key Takeaways from the March Fannie Mae National Housing Survey

Fannie Mae’s monthly National Housing Survey measures consumers’ attitudes about housing and the economy.

construction spending percent
Why Did Construction Spending Fall in February?

In the quarter ending December 31, construction spending as a percentage of the GDP rose to 6.2%. This was a big rise from a year ago when it stood at 5.8%.

Nonfarm Payrolls
March Jobs Report Shows Improved Labor Market: What Does It Mean?

In March 2016, non-farm payrolls rose 215,000, beating Wall Street’s estimate of 205,000. The monthly ADP National Employment Report predicted that the number would come in at 200,000.

Lennar Revenues
What's the Deal with Lennar's Strong Q1 Earnings?

On March 29, Lennar (LEN) reported $2.0 billion in revenue for fiscal 1Q16—a rise of 21% year-over-year.

Housing starts
Spring Selling Season: What Can the Housing Sector Expect?

Housing starts rose from 1.12 million to ~1.18 million in February 2016. This was above Wall Street analysts’ estimates of 1.5 million.

Foreclosure Completions
Parsing the CoreLogic Foreclosure Report

Foreclosure completions rose by 5,000 units to 38,000 in January, according to CoreLogic. From 2000 to 2006, foreclosure completions averaged around 21,000 per month.

Nonfarm Payrolls
Why the February Jobs Report Matters for REITs and Builders

In February 2016, non-farm payrolls rose 242,000, beating Wall Street’s estimate of 195,000. Private payrolls rose by 230,000 while government jobs rose by 12,000.

Existing Home Sales
What January's Housing Sales and Prices Mean for REITs and Builders

The ratio of median home prices to median income ratio is 3.9x, well above the historical range of 3.2x to 3.6x.

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Commodities Dip, Economic Releases Hit US, Latin American Markets

The US markets opened on a weak note on February 23, 2016, as the Conference Board Consumer Confidence Index fell from its January levels.

Housing starts
Housing Sector News: January Housing Starts, Permits, and Sentiment

Housing starts fell from 1.14 million to ~1.11 million in January 2016. This was below Wall Street analysts’ estimates of 1.2 million.

Nonfarm Payrolls
January's Mixed Bag: Interpreting the Latest Jobs Report

In January, non-farm payrolls increased by 151,000, missing Wall Street’s estimate of 190,000. Private payrolls rose by 158,000, government jobs by 17,000.

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'Know Before You Owe' Strives to Simplify the Mortgage Process

The Consumer Financial Protection Bureau was established to protect consumers’ interests by implementing federal consumer financial laws.

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The Rent Is Too Damn High: A Look at Housing Costs in the US

As more and more people seek apartments, rent has also been rising rapidly. In fact, rent has been rising faster than the overall cost of living in the US.

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Raise the Roof: A Look at Homebuyers and Properties

First-time buyers comprised 32% of the total homebuyers in December, compared with 30% in November and 29% in December 2014.

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Existing Home Sales Reported Robust Growth in December

Existing home sales surged sharply in December 2015 despite the prediction by some market players of an impending slowdown in the housing sector.

DHI Revenues
Sunny Skies in 2016: D.R. Horton Reports Solid 1Q16 Numbers

D.R. Horton (DHI) reported 4Q15 revenue of $3.1 billion—a 28% increase on a YoY (year-over-year) basis and a sequential increase of about 8%.

US Real Estate Versus Broad-Market Performance
Corcoran and Cisneros's Housing Talk Merits a Closer Look

In an interview with Wall Street Week, Shark Tank’s Barbara Corcoran and former Housing and Urban Development Secretary Henry Cisneros shared their views on the housing market.

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