Housing Demand, Land Acquisitions and Growing Backlog - Research Report on PulteGroup, KB Home, NVR, Hovnanian and MDC Holdings
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130320:nPn3207718 NEW YORK, March 20, 2013 /PRNewswire/ -- Today, Wall Street Source announced new research reports highlighting PulteGroup, Inc. (NYSE: PHM), KB Home (NYSE: KBH), NVR, Inc. (NYSE: NVR), Hovnanian Enterprises, Inc. (NYSE: HOV) and M.D.C. Holdings, Inc. (NYSE: MDC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. PulteGroup, Inc. Research Report PulteGroup is one of the companies that are well-positioned to benefit from limited inventories and resilient sales of new homes. As seen from the housing sector's performance last February, housing will most likely keep contributing to growth this year after its strong performance in 2012. According to Sean Incremona, senior economist at 4Cast Inc., the progress in the housing market seems to be sustainable, especially due to cheap financing. Furthermore, rising home sales are pushing up prices and reducing mortgage defaults. In order to capitalize on these trends, PulteGroup authorized an additional amount of $250 million per year of investment in land and related developments. The Full Research Report on PulteGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/ff46_PHM] -- KB Home Research Report KB Homes has announced its acquisition of a new home community, River Village in Valencia, also known as "Awesometown." This acquisition includes 54 finished lots from Newhall Land which will be developed to become a new community called Charleston at River Village. These will be available to interested buyers in the spring. Furthermore, KB Home announced its closing of a new $200 million unsecured revolving credit facility. This enhances the company's capital structure by "providing an additional source of readily accessible liquidity." In the last couple of months, the company has expanded its available liquidity by more than half a billion to support its accelerated growth plans. The Full Research Report on KB Home - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/1e86_KBH] -- NVR, Inc. Research Report NVR has announced its new offering, Hidden Creek in Brentwood, TN. Each new home in the community has up to 5 bedrooms, up to 4 baths and a spacious garage for up to 3 cars. This follows the grand opening of the Beethoven and Strauss townhome models. Going forward, NVR will continue to benefit from its Heartland Homes acquisition and its constant introduction of new products to meet the growing housing demand. The Full Research Report on NVR, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/b94c_NVR] -- Hovnanian Enterprises, Inc. Research Report Hovnanian Enterprises expects to return to profitability in the coming year. The company cites the increasing number of contracts that it hopes to complete within the year. The company said that its net contracts have climbed 24.6 percent to 1344 new homes. Its deal backlog has also climbed 33 percent. In the near-term, Hovnanian expects a strong spring selling season, with deliveries, revenue, and gross margin climbing faster in the latter half of the year. With all these factors, the company may further increase its chances to profit in the coming year. The Full Research Report on Hovnanian Enterprises, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/b542_HOV] -- M.D.C. Holdings, Inc. Research Report MDC Holdings' California and Tucson divisions have won the builder of the year award, a testament of the company's superior performance in categories such as community leadership and service, business reputation, home design, construction quality and finish detail. In the coming year, MDC Holdings has a significant backlog worth $578 million. Land acquisition will be one of its drivers for growth. Last quarter, the company bought 2300 new lots, helping it grow its community count and strengthen its homebuilding assets. The Full Research Report on M.D.C. Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/1230_MDC] -- Consider Wall Street Source Tired of hearing about the latest, greatest trade opportunity... only to realize that the ship has long sailed? You need a strong, informative community in your arsenal. Join the group that has been consistently identifying momentous situations as they develop - long before they become the next top news on major financial networks. Contact: Joe Thomas Email: press@WallStSource.com Main: +1-310-496-8071 (North America) SOURCE Wall Street Source