Latest news with #Builders
Axios
07-08-2025
- Politics
- Axios
Building bipartisan policies in Austin
A nonprofit that helped pass a gun safety education law in Tennessee is headed to Texas with the goal of bridging political divides. Why it matters: Republicans have a tight grip on the state House and Senate, and Texas is not known for bipartisan policymaking. How it works: Builders, the nonpartisan nonprofit, is bringing its Citizen Solutions initiative this fall. The nonprofit was co-founded by Daniel Lubetzky, who also founded KIND Snacks. It will assemble residents from across the state and political spectrum to discuss health care policy. The aim is to come up with practical policy proposals for the Texas Legislature. What they're saying:"A lot of the issues that our country is dealing with, Texas is dealing with," Lubetzky tells Axios. The latest: Builders last week released polling that highlighted areas in which Democratic, Republican and independent Texans agree, including allowing pharmacists to test and treat common illnesses and requiring employers to contribute to their employees' child care costs. Zoom in: The nonprofit also released polling of Travis County residents. 87% of Travis County residents polled support spending money on modernizing and maintaining the local electric grid to make it more weather-resilient, even if it slightly increases utility rates in the short term. 74% support the Austin Police Department prioritizing the creation and implementation of a recruiting plan to fill police officer vacancies. 61% support the use of automated license plate recognition cameras to allow police to detect stolen vehicles and other criminal activity. Reality check: Polling is one thing; politics is another. In June, the city of Austin shut down a license plate camera program over fears the surveillance technology could be used to track immigrants or Texans seeking abortions. The intrigue: Last year, Lubetzky contributed $160,000 to the campaign of Jeremy Sylestine, who framed himself as a moderate in his unsuccessful Democratic primary bid to unseat Travis County district attorney José Garza.
Yahoo
05-08-2025
- Business
- Yahoo
Why Lennar (LEN) Outpaced the Stock Market Today
Lennar (LEN) closed at $118.77 in the latest trading session, marking a +2.41% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.47% for the day. Elsewhere, the Dow gained 1.34%, while the tech-heavy Nasdaq added 1.95%. The homebuilder's stock has climbed by 5.32% in the past month, exceeding the Construction sector's gain of 2.77% and the S&P 500's gain of 0.64%. The investment community will be closely monitoring the performance of Lennar in its forthcoming earnings report. The company is predicted to post an EPS of $2.14, indicating a 45.13% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.07 billion, indicating a 3.7% decrease compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.04 per share and revenue of $35.22 billion. These totals would mark changes of -34.78% and -0.63%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Lennar. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.87% lower. As of now, Lennar holds a Zacks Rank of #5 (Strong Sell). In the context of valuation, Lennar is at present trading with a Forward P/E ratio of 12.83. This represents a premium compared to its industry average Forward P/E of 10.77. We can additionally observe that LEN currently boasts a PEG ratio of 4.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 2.23. The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 9% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lennar Corporation (LEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
29-07-2025
- Politics
- Axios
Nonprofit looks to build bipartisan policies in Texas
A nonprofit that helped pass a gun safety education law in Tennessee is headed to Texas, with the goal of bridging political divides and creating bipartisan legislation. Why it matters: Republicans have a tight grip on the state House and Senate, and Texas is not known for bipartisan policymaking. How it works: Builders, the nonpartisan nonprofit, is bringing its Citizen Solutions initiative to Texas this fall. The nonprofit was cofounded by Daniel Lubetzky, the KIND Snacks CEO who attended school in San Antonio. It will assemble a group of residents from across the state and political spectrum to discuss health care policy. The aim is to come up with practical policy proposals for the Texas Legislature. They will seek feedback statewide to inform the proposals. What they're saying:"A lot of the issues that our country is dealing with, Texas is dealing with," Lubetzky tells Axios. Builders hopes Texas will help prove its Citizen Solutions model so it can expand nationally, Lubetzky says. He sees particular urgency in addressing the political divide while lawmakers across the country seek to redraw congressional district boundaries in their party's favor, spurred on by President Trump's push to do so in Texas. The latest: Builders this week released polling that highlighted areas in which Democratic, Republican and independent Texans agree. Baselice & Associates conducted two separate statewide polls, May 2-7 and June 25-29. Each included 1,001 Texas voters with a margin of error of +/- 3.1%. Zoom in: 77% of Texas voters polled supported allowing pharmacists to test and treat common illnesses like the flu. 82% supported employers contributing to employees' child care costs. And 84% supported paying homeowners for extra solar energy they produce, and sending it back to the power grid. Flashback: Builders formed a group called the Tennessee 11 that drafted five proposals around gun safety and education in 2023, following The Covenant School shooting.
Wall Street Journal
28-07-2025
- Business
- Wall Street Journal
Canada Housing Market Braces for Extended Pricing Slump
OTTAWA—Home buyers and builders in Canada are in retreat, adding to the woes of an economy struggling under the weight of President Trump's tariffs. Housing helped spur growth in Canada just prior to, and after the worst of, the Covid-19 pandemic, supporting the recovery of lost jobs and output even while masking underlying weaknesses including tepid business investment.
Bloomberg
24-07-2025
- Business
- Bloomberg
US New-Home Sales Increased by Less Than Forecast in June
Sales of new homes in the US remained weak in June as builders' heavier use of sales incentives failed to motivate buyers put off by high costs. Contract signings on new single-family homes increased 0.6% to an annualized rate of 627,000 last month, according to government data released Thursday. That fell short of the 650,000 median estimate in a Bloomberg survey of economists.
