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| HomebuilderStocks.com Reports “December Housing Starts Data |
| by: dawn van zant |
|
HomebuilderStocks.com Reports “December Housing Starts Data Boosts Homebuilder Stocks”. POINT ROBERTS, WA. January 19th, 2005 - www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that following the release of a Commerce Department report on US housing starts fort December, share prices of the sector’s major homebuilders increased. Both analysts and market participants remain firmly bullish in their forecasts for the coming year. HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured company International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV). December Housing Starts Data Boosts Homebuilder Stocks A new report by the Commerce Department today announced that US housing starts increased by 10.9% in December. This gain represents the biggest jump in starts in the last seven years, with 2004 being the strongest for the sector since 1978. The release of this data caused share prices of major homebuilders to swell, as well as pushing the Dow Jones U.S. Home Construction Index up by 1% (hitting a record high). 2004 job growth and friendly mortgage rates (30 year rates averaged 6%) were cited as beneficial economic parameters for the housing start increase. This news was greeted with relief following the sharp decline in numbers this past November. Construction of new homes and apartments in December reached a seasonally adjusted annual rate of 2.0 million units. Housing construction has increased year on year since the precipitous drop of 4.4% in 2000. The Ryland Group Inc. (NYSE: RYL), Toll Brothers (NYSE: TOL), Beazer Homes USA Inc., and Pulte Homes Inc., were the big gainers on the NYSE. On Tuesday after trading closed, The Ryland Group announced net income of $108.7 million, or $2.17 per diluted share, for the period ended Dec. 31, which was up from $86.1 million ($1.65 per share) for the year-earlier quarter. The Hovnanian Company said that they expected earnings to rise more than 35% over the same period last year. The company also reaffirmed expectations that earnings for the full year ending Oct. 31 would exceed $6.50 per share. Also released today, a statement from The Public Home Builders Council of America announced their 2005 housing outlook, stating that their members, large public builders, anticipated strong, top and bottom-line financial performances in 2005. The aggregated projections for most PHBCA members included year-over-year earnings growth of between 10 percent and above 30 percent. Sector growth and a bullish housing outlook were reported on in an original article by www.HomebuilderStocks.com at the beginning of January ("Homebuilder Stocks Finish Up A Record Breaking Year With Strong Projections For 2005." Click here for full article: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/Articles/Homebuilder_Growth.asp). Our current list of public companies in the sector includes: Toll Brothers (NYSE: TOL), Beazer Homes USA, Inc., Ryland Group (NYSE: RYL) , Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home, Lennar Corporation, Lowe’s, Monterey Homes, Orleans Homebuilders, Inc., Pulte Homes and numerous others. For the complete list, click here: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp The Insiders Corner Read the exclusive InvestorIdeas.com Feature “The Insiders Corner,” a weekly feature by well-known financial writer and author Michael Brush. http://investorideas.com/insiderscorner/ Investor Incite Newsletter InvestorIdeas.com free "Investor Incite" Newsletter consists of company and industry updates, investment research and developing trends in key areas such as Homeland Security, Renewable Energy, Nanotechnology and more. TO SIGN UP, click here: www.InvestorIdeas.com/Resources/Newsletter.asp Featured Company: International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV) develops, manufactures, and markets proprietary fire resistant building materials branded as Blazeguard®. Barrier’s award-winning Blazeguard® wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed “model” building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. Blazeguard® provides Barrier’s customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. Blazeguard® customers include four of the five top homebuilders! www.intlbarrier.com ECON is a privately owned corporate communications company specializing in: media relations, investor relations, and research on public companies and industry sectors, for the investment community. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Past performance does not guarantee future results, therefore investigate before you invest! Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research. The site is compensated by its "Featured Companies,” as outlined in our on-line disclaimer at www.InvestorIdeas.com/About/Disclaimer.asp. HomebuilderStocks.com/ECON is compensated by Featured Company IBH. (ECON is paid a fee of Eight thousand five hundred dollars per month, plus stock options of up to one hundred and ten thousand shares exercisable at eighty cents and currently has a remainder of twenty-five thousand dollars in options at twenty-five cents not exercised.) SOURCE: ECON Investor Relations Inc., which owns the domain www.HomebuilderStocks.com. For more information contact: Dawn Van Zant / Trevor Ruehs / Brian Noer Toll free: 800-665-0411 Email: dvanzant@investorideas.com, truehs@investorideas.com or bnoer@investorideas.com Web Site: http://www.InvestorIdeas.com About the author: HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured company International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV). |
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