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HomebuilderStocks.com Reports “Homebuilder Stocks Finish Up A Record Breaking Year With Strong Projections For 2009”.
dawn van zant
POINT ROBERTS, WA. January 3rd, 2009 - www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports in an exclusive article, that most major homebuilding companies reported banner year end results, with share prices jumping to record amounts. Companies like Toll Brothers, Inc. (TOL: NYSE), KB Home (KBH: NYSE), and Lennar Corporation (LEN: NYSE) released spectacular year end financials that all but dwarfed profits realized in previous years. 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).
Homebuilder Stocks Finish Up a Record Breaking Year with Strong Projections For 2009.
By Brian Noer
A new report by Banc of America Securities (Homebuilding Update Raising Estimates and Target Prices on Further Margin Expansion) has projected 16% growth for the homebuilder sector in 2009, despite previous industry anticipations of a market slowdown.
While the Banc of America report (By Daniel Oppenheim) expects to see 2009 new home sales dropping by 8% nationally due to rising interest rates, the major companies should continue to capture market share from smaller, private homebuilders. This is particularly good news for manufacturers of building materials, like International Barrier (IBTGF: OTCBB) whose Blazeguard® fire resistant paneling is currently being used by four of the nation’s major homebuilders.
"We had a tremendous year in Fiscal 2004, which ended October 31st," said Fred Cooper, Senior Vice President of Finance with Toll Brothers Inc. (TOL: NYSE). Fiscal 2004 was the company’s 12th consecutive year of record earnings and their 13th of record revenues.
“It has been an amazing 4 to 5 years of housing,” Mike Huddy, President and CEO of International Barrier (IBTGF: OTCBB) concurred. “Not only are housing starts up but there is an increase in the number of starts for multi family housing. Clustered housing developments are a bigger part of what is going on in the United States than what it used to be, for people who are entering retirement age or for first time home buyers. Of course we plan to capitalize on that.”
Full article: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/Articles/Homebuilder_Growth.asp
Our current list of public companies in the sector includes: Toll Brothers(TOL: NYSE), Beazer Homes USA, Inc., Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home (KBH: NYSE), Lennar Corporation (LEN: NYSE), 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
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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 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.
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HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research.
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