Residential real estate prices across South Korea declined in February. This marks the eighth straight month to report their worst annual decline in about three and a half years, according to data from the country’s top lender disclosed. The data from Kookmin Bank showed that home prices last month dropped 0.1 percent as compared to January and fell 0.5 percent from a year ago, highlighting a continued weakness in the local property market weighed down by doubtful economic expansion outlook. The annual pace of fall scored the sharpest since September 2009, the data showed.
Hometrack recently report that have seen an upturn for the first time in nine months in February as demand for homes moved up in London and southern England.
Turning to U.S., California has started showing the housing recovery in many ways as housing prices in majority areas of the Golden State began stabilizing two years ago, and have been rising since. Now the revival is spreading to one of the other Sand States, Florida. Most measures have confirmed that the Florida real estate market has entered a period of recovery. The state’s Realtor association lately released report disclosing that home sales and median prices both rose in 2012.
U.S. housing stocks ended mixed on Friday. Significantly, Gafisa SA (ADR)(NYSE:GFA) latest price of $4.13 is at a premium of 10.53% to its 200-day moving average price of $4.27. Its 52-week range has been $2.05 to $5.95; it is trading at a discount of 30.59% to its 52-week high and a premium of 101.46% to its 52-week low.
Toll Brothers Inc(NYSE:TOL) traded down on a volume of 3.62 million, higher than its standard daily volume. Shares have dropped 0.12% to $34.08 after its participation at KeyBanc Capital Markets Consumer Conference. Over the last twelve months, the stock has gained51.94% and faced a worst price of $21.78 on Apr 10, 2012. The stock has moved down across its 50-day moving average of $35.98.
The Ryland Group, Inc. (NYSE:RYL) fell -0.08% to close $35.69 on Friday. The company is scheduled to participate at Raymond James Institutional Investors Conference tomorrow at 9:15AM EST. The most recent price of RYL is now at a discount of 17.00% to the 12-month high of $43.00 hit on Jan 30, 2013. The last price is at a premium of 114.21% to the 52-week low of $16.74 suffered on Mar 06, 2012.
KB Home(NYSE:KBH) saw its price gain on below-normal volume, as 4.12 million shares changed hands when compared with its average daily volume of 5.43 million shares. The stock was up 0.43% to $18.77 after hitting 1000 solar home milestone. It has advanced over the last 12 months, increasing 68.64% and marked new low $6.46 on Jun 04, 2012. At the end of recent trade, the stock has moved up across its SMA 200 of $15.32.
In the last trading session, Lennar Corporation(NYSE:LEN) was up on high volume after The Street reiterated its buy rating on the stock, trading at a volume of 3.90 million versus its average daily volume of 4.03 million shares. At $38.84, the stock has gained momentum as shares are down -10.05% from a peak price of $43.22 on Jan 28, 2013. The stock is trading at -1.87% of its 20-day moving average and -3.15% of its 50-day moving average.