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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • ValuEngine Ratings for Home Builders Show Duress 0 comments
    Mar 23, 2011 2:02 PM | about stocks: AXR, BRP, BZH, CHCI, DHI, HOV, KBH, LEN, MDC, MHO, MTH, NVR, RYL, SPF, TOL
    Go to ValuEngine.com
    March 23, 2011
    ATTENTION Advanced Investors and Finance Professionals:
    If you are reading this you should download ValuEngine Institutional Software to see how VE’s powerful quantitative tools can increase your productivity and effectiveness.

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    Home Sales Take Another Dive

    ValuEngine Ratings for Home Builders Show Duress

      We had poor home sales data last week--new housing starts came in at their lowest levels since 1974.  Today, we got even more.  New home sales fell yet again and came in at a new record low.  The US Commerce Department--which has been keeping this data set almost 50 years, reports that on a seasonally-adjusted annual basis the US is on track to sell 250,000 homes.  That is far below the rate of 700,000 considered "healthy."  The prices of the new homes continue to decline as well and have now declined to the levels of December, 2003. 

      Our Chief Market Strategist Richard Suttmeier has been tracking this issue for years now, and called the initial bubble way before most analysts.  He notes in his most recent ValuEngine FDIC Report that without a recovery in housing, we cannot get a real economic recovery.  Banks continue to be weighed down by the massive amounts of mortgage loans of their books and as the wave of foreclosures continues, property values continue to tank, and credit remains tight, housing prices will continue to fall.

     Below, we present the latest data on the Home Builders from our Institutional software package (VEI). 

    Please Click Here to Download a FREE Demo of ValuEngine's Professional VEI Software Package.

    Ticker Name Mkt Price Valuation(%) VE Rating Last 12-M Retn(%)
    AXR AMREP CORP 9.98     N/A 2 -30.21
    BHS BROOKFIELD HOME 12.61     N/A 2 58.42
    BZH BEAZER HOMES 4.47 -66.45 3 -2.61
    CHCI COMSTOCK HMBLDG 1.41     N/A 1 62.07
    COHM ALL AMERICAN GP 0.25 -87.5 2 -82.14
    DHI D R HORTON INC 11.85 -18.56 2 -5.8
    HOV HOVNANIAN ENTRP 3.74 -74.98 3 -18.16
    KBH KB HOME 13.23 -49.59 3 -22.68
    LEN LENNAR CORP -A 19.52 -19.42 3 20.87
    MDC MDC HLDGS 26.02 -29.57 5 -23.72
    MHO M/I HOMES INC 13.97 -28.68 1 -5.67
    MTH MERITAGE HOMES 24.33 -11.01 2 13.85
    NVR NVR INC 752.51 2.66 3 -0.07
    RYL RYLAND GRP INC 16.38 -31.58 2 -29.03
    SPF STANDARD PAC 3.75 -61.11 2 -13.59
    TOL TOLL BROTHERS 20.49 0.9 3 0.84

      Subscribers can check out the latest valuation, forecast, and ratings figures on the Home Building Industry from our Models HERE.

      Currently, you research more than 400 ADRs and other foreign stocks with ValuEngine's software and website! 

    We also offer research reports on more than 700 Canadian Companies on our Research Report Web Page. 

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    Market Indices Data
    1:13PM EDT Latest Change YTD
    Dow Jones
    12,037.10 18.46 3.97%
    NASDAQ Composite
    2,683.54 -0.33 1.16%
    Russell 2000
    807.45 -1.21 3.04%
    S&P 500
    1,292.07 -1.70 2.74%

     

    ValuEngine Market Overview
    Summary of VE Stock Universe
    Stocks Undervalued
    43.37%
    Stocks Overvalued
    56.63%
    Stocks Undervalued by 20%
    18.2%
    Stocks Overvalued by 20%
    25.13%
    ValuEngine Sector Overview
    Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
    Oils-Energy 0.11% 0.64% 9.94% 23.05% overvalued 45.88% 45.67
    Multi-Sector Conglomerates 0.56% 0.11% 1.62% 13.01% overvalued 25.01% 26.48
    Aerospace -0.07% 2.29% 13.81% 10.68% overvalued 25.47% 18.43
    Basic Materials 0.07% -2.31% -3.08% 10.54% overvalued 49.50% 43.65
    Transportation -0.59% 1.43% -1.95% 10.10% overvalued 20.23% 21.21
    Utilities -0.17% 0.55% 1.73% 8.03% overvalued 14.27% 21.42
    Construction -0.64% 0.64% 0.53% 7.86% overvalued 9.36% 35.49
    Consumer Discretionary -0.79% -1.83% 1.26% 6.91% overvalued 14.82% 31.84
    Consumer Staples -0.28% -1.41% -1.92% 6.86% overvalued 13.53% 20.63
    Industrial Products -0.54% -0.21% 3.06% 6.70% overvalued 24.48% 34.97
    Finance -0.42% -1.66% 1.54% 5.86% overvalued 8.48% 26.05
    Auto-Tires-Trucks -1.49% -1.87% -6.20% 5.17% overvalued 32.59% 19.11
    Business Services -0.48% -0.77% 1.90% 4.85% overvalued 10.77% 48.45
    Retail-Wholesale -0.18% 0.45% 1.48% 4.33% overvalued 17.56% 23.85
    Computer and Technology -0.37% -1.91% 7.16% 3.76% overvalued 27.38% 39.59
    Medical 0.03% 0.30% 8.15% 2.19% undervalued 10.67% 37.20

     

         

     
     
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    ValuEngine.com - Rational advice, smarter investing.
     
     
     
    Stocks: AXR, BRP, BZH, CHCI, DHI, HOV, KBH, LEN, MDC, MHO, MTH, NVR, RYL, SPF, TOL
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