Homebuilder Stocks Trading Up : Builder Confidence Grows Reports NAHB

Posted on 8/16/2012 12:32:25 PM in #Stocks | 0 comments comments

New York, New York –August 16, 2012 – (www.investorideas.com
newswire, www.homebuilderstocks.com ) Investorideas.com staff:
Investorideas.com, an investor research portal specializing in sector
research including homebuilder stocks issues a news and trading alert
for the sector. Stocks are trading up today following yesterday’s report
from the NAHB. 



The SPDR S&P Homebuilders Index (NYSEArca: XHB) is at $22.73, up 0.36(1.60%) as of 11:43AM EDT.


Beazer Homes USA Inc. (NYSE:BZH) is up a notable  5.54% , trading at
$2.86, moving   0.15 on over  3.7 Million shares as of  11:54AM EDT.



KB Home (NYSE:KBH) is up, trading at $10.69, gaining 0.37 or (3.59%) as
of 11:46AM EDT. The stock has a 52-week range of $5.02 - 13.12.





Toll Brothers Inc. (NYSE:TOL) is up 2.3%, trading up at $31.16, gaining 0.70 as of 11:52AM EDT

On over 700,000 shares.



PulteGroup, Inc. (NYSE:PHM) is in the green trading at $13.37, up   0.59(4.62%) 11:48AM EDT.









NAHB Reports: Builder Confidence Continues To Improve in August  

    

- Builder confidence in the market for newly built, single-family homes
improved for a fourth consecutive month in August with a two-point gain
to 37 on the National Association of Home Builders/Wells Fargo Housing
Market Index (HMI), released today. This gain builds on a six-point
increase in July and brings the index to its highest level since
February of 2007.



“From the builder’s perspective, current sales conditions, sales
prospects for the next six months and traffic of prospective buyers are
all better than they have been in more than five years,” said Barry
Rutenberg, chairman of the National Association of Home Builders (NAHB)
and a home builder from Gainesville, Fla. “While there is still much
room for improvement, we have come a long way from the depths of the
recession and the outlook appears to be brightening.”



“This fourth consecutive increase in builder confidence provides further
evidence of the gradual strengthening that’s occurring in many housing
markets and providing a needed boost to local economies,” said NAHB
Chief Economist David Crowe. “However, we are still at a very fragile
stage of this process and builders continue to express frustration
regarding the inventory of distressed properties, inaccurate appraisal
values, and the difficulty of accessing credit for both building and
buying homes.”



Derived from a monthly survey that NAHB has been conducting for the past
25 years, the NAHB/Wells Fargo Housing Market Index gauges builder
perceptions of current single-family home sales and sales expectations
for the next six months as “good,” “fair” or “poor.” The survey also
asks builders to rate traffic of prospective buyers as “high to very
high,” “average” or “low to very low.” Scores from each component are
then used to calculate a seasonally adjusted index where any number over
50 indicates that more builders view sales conditions as good than
poor.



Every HMI component posted gains in August. The components gauging
current sales conditions and traffic of prospective buyers each rose
three points, to 39 and 31, respectively, while the component gauging
sales expectations in the next six months inched up one point to 44. All
were at their highest levels in more than five years.



Regionally, builder confidence rose nine points to 42 in the Midwest and
two points to 35 in the South, but declined nine points to 25 in the
Northeast and three points to 40 in the West in August. For the August
HMI release, NAHB is introducing an alternative trend comparison of
regional HMIs by also showing a three-month moving average of each
region’s index.  The current three-month moving averages show a
two-point decline to 29 in the Northeast, a five-point gain to 35 in the
Midwest, a three-point gain to 32 in the South and a three-point gain
to 38 in the West.



 http://www.nahb.org/news_details.aspx?newsID=15478



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