Homebuilder Stocks Snapshot: BZH, KBH, PHM, TOL

New York, New York - September 20, 2012 (Investorideas.com newswire, www.homebuilderstocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research including homebuilder stocks issues a sector snapshot for the sector.

Yesterday NAHB (http://www.nahb.org) reported that Nationwide housing production rose 2.3 percent to a seasonally adjusted annual rate of 750,000 units in August, according to newly released figures from HUD and the U.S. Census Bureau. This increase was fueled entirely by gains in the single-family sector, where the pace of new construction rose in every region for a combined 5.5 percent gain to 535,000 units.
"Builders across the country have been reporting noticeable improvement in the number of serious buyers who are in the market for a new home, and today's report shows that this is translating to some welcome gains in construction activity," said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. "While there is still plenty of room for improvement, it's encouraging to see this continuing trend that is spurring much-needed job growth." For every 100 new single-family homes that are built, 300 new jobs are created, he noted.
Beazer Homes USA Inc. (NYSE:BZH) is trading at $3.80, up 0.05 or 1.33% as of 10:48AM EDT on over 1.8 Million shares.
KB Home (NYSE:KBH) is trading at $13.10, currently down 0.06 or 0.42% as of 10:52AM EDT on over 2.2 Million shares. The stock traded as high as $13.20 in earlier trading.
PulteGroup, Inc. (NYSE:PHM) is trading at $16.44, down 0.01 or 0.06% as of 10:54AM EDT on over 6 Million shares. The stock was up in earlier trading with a high of $16.55.
Toll Brothers Inc. (NYSE:TOL) is trading down slightly at $ 36.40, down 0.01 or 0.04% as of 10:55AM EDT, with a morning high of $36.63.
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including homebuilder stocks, beverage stocks, water stocks, biotech stocks and more.
Research homebuilder stocks at the Investorideas.com stock directory:
http://www.investorideas.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access 14 online stock directories
http://www.investorideas.com/membership/
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com