News

HCN Stock Watch: SSD jumps 5.48%

BY HBSDEALER Staff

Simpson Manufacturing Company (SSD) took home the lion’s share of gains on Monday, jumping 5.48% to a share price of $36.58.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

Housing starts slump 6.5% in May

BY HBSDEALER Staff

Economists were expecting housing starts to back down in May, but not this much.

The U.S. Census Bureau and Department of Housing and Urban Development reported starts at a seasonally adjusted annual rate of 1,001,000, 6.5% below the revised April estimate of 1,071,000.

Though May’s figure still broke the million-starts mark, economists were generally predicting a month-over-month drop of 3.9% to 1.03 million starts.

Single-family housing starts fell, but not by as much. At a rate of 625,000, they were down 5.9% from April’s revised figure of 664,000.

Permits lagged behind as well, down 6.4% month-over-month and 1.9% year-over-year to a seasonally adjusted annual rate of 991,000. In a small bit of good news, single-family permits were up 3.7%, suggesting latent demand.

Additionally, this month’s overall housing starts pace is still 9.4% above May 2013’s rate of 915,000.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
News

HCN Stock Watch: Friday the 13th

BY HBSDEALER Staff

It wasn’t a terrible day for stocks, but the market did catch a bit of that unlucky energy on Friday, with most of HCN’s Top 30 trending down.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?