Welcome!

Microsoft Cloud Authors: Kevin Benedict, Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White

News Feed Item

Improving Housing Market Bodes Well for KB Home and Toll Brothers

The ShinesRooms.com Provides Stock Research on KB Home and Toll Brothers Inc.

NEW YORK, NY -- (Marketwire) -- 01/29/13 -- The U.S. housing market bottomed out at the beginning of 2012 and since then has seen a strong recovery. The improvement in housing market also sparked a rally in homebuilder stocks in 2012. Among the big gainers in the sector last year were KB Home and Toll Brothers. The financial crisis of 2008 began with the collapse of the U.S. housing market. After peaking in 2007, the U.S. housing market plummeted. However, things turned around at the start of 2012. Indeed, data from the housing market over the last few months suggests that the recovery is sustainable.

Access our free reports on KB Home (NYSE: KBH) and Toll Brothers Inc. (NYSE: TOL). Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at

http://www.ShinesRooms.com/KBH012913.pdf
http://www.ShinesRooms.com/TOL012913.pdf

The fundamentals for the housing market also look good. Much of excess inventory is now gone. This is confirmed by increasing prices and improving housing starts data. Rents across the U.S. are also rising, which is another sign of recovery. And of course, record low mortgage rates have also helped.

The rate on a 30-year fixed-rate mortgage is currently hovering around 3.5%. More importantly, rates are expected to remain low as the Federal Reserve continues with its aggressive bond buying program to stimulate the economy. Back in September 2012, the Fed had announced a third round of quantitative easing under which it is buying $40 billion of mortgage backed securities every month and will continue to do so until there is a sustained recovery in the labor market.

Given the recovery in the housing market, it is no surprise that homebuilders are having an excellent run. In 2012, shares of KB Home and Toll Brothers rose 135.12% and 58.32%, respectively. And with the housing market expected to continue to improve, homebuilder stocks could see another year of substantial gains.

Last week, KB Home reported its preliminary quarter-to-date net orders for the first fiscal quarter of 2013. The Los Angeles, California-based homebuilder said that its net orders for new homes were 750 quarter-to-date through January 2013, which represents an increase of 54% over the same period last year. Jeffrey Mezger, President and CEO of KB Home, said that the company has seen a measureable increase in its first quarter net orders as compared to the same period last year and the trend reflects the ongoing improvement in the housing market and the company's focused execution of its strategic growth initiatives.

Last month, Toll Brothers CEO Douglas C. Yearly Jr. stated that pent-up demand, rising home prices, low interest rates, and improving consumer confidence motivated buyers to return to the housing market in 2012. For its last reported quarter, Toll Brothers posted net income of $487.1 million for the fiscal year ended October 31, 2012, significantly above the $39.8 million reported in fiscal 2011. The company delivered 3,286 units during the year, up 26% from fiscal 2011. Douglas Yearly said that as the economy slowly heals and more customers re-enter the housing market, the company looks forward to the future. He added that based on the company's strong balance sheet, solid land holdings, recognized brand and excellent team of associates, he believes that the company is well-positioned for the housing market's continuing recovery.

About ShinesRooms.com
Shine's Rooms is the brain child of David Shine, a 13 year Wall Street veteran with a stellar track record. For 13 years Shine has trained thousands of traders to navigate and profit from the markets. Using cutting edge technology, Shine provides you with a community in which you can trade alongside Shine and his Team as they guide you through the market's ever-changing landscape. ShinesRooms.com is the Ultimate Trading Environment for investors. Over the last 5 years our returns outpaced any of the major indexes. Sign up today to find out what you are missing. www.ShinesRooms.com

To view our disclaimer, visit this link http://www.shinesrooms.com/disclaimer.html.

Contact Person:
Michael Thomas Smith
Marketing Coordinator
[email protected]


More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.