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Steve Hach
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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.com Data on Home Builders Remains Poor 0 comments
    May 19, 2011 11:01 AM | about stocks: AXR, BZH, CHCI, DHI, HOV, KBH, LEN, MDC, MHO, MTH, NVR, PHM, RYL, CAA, TOL
    Go to ValuEngine.com
    May 19, 2011

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


    There's Still No Place Like Home

    ValuEngine.com Data on Home Builders Remains Poor

     Once again the financial media is awash with negative stories on the US housing market.  Sales of previously occupied homes posted another decline in April and March's figure was revised down as well.  Median sales prices declined another 5%.  In addition, inventories rose last month and now equal a supply of more than 9 months at current sales rates  Sales figures were worse than the analysts' forecasts.  All of this data is in line with the predictions and prognostications of our Chief Market Strategist Richard Suttmeier on the housing market.

      Below we present our critical data points for the Home Building Industry from our ValuEngine Institutional  (Pending:VEI) Software package.  Note that as of this writing not a single builder is rated a buy and both short and long-term forecast figures are very weak to poor.

    Ticker
    Name
    Mkt Price
    Valuation(%)
    VE Rating
    Last 12-M Retn(%)
    Forecast 1-Month Retn(%)
    Forecast 1-Yr Retn(%)
    P/E Ratio
    AXR
    AMREP CORP
    9.78
    -36.34
    1
    -27.82
    -1.85
    -22.46
    139.71
    BZH
    BEAZER HOMES
    3.77
    -71.95
    3
    -31.45
    0.97
    -0.41
       
    N/A
    CHCI
    COMSTOCK HMBLDG
    1.24
       
    N/A
    1
    -54.41
    -5.36
    -24.73
       
    N/A
    DHI
    D R HORTON INC
    11.65
    -21.2
    3
    -9.27
    0.3
    -4.56
    764.8
    HOV
    HOVNANIAN ENTRP
    2.53
    -75
    3
    -60.78
    0.87
    1.25
       
    N/A
    KBH
    KB HOME
    11.23
    -51.78
    1
    -28.15
    -10.27
    -45.1
       
    N/A
    LEN
    LENNAR CORP -A
    17.84
    -25.25
    2
    -0.83
    -0.8
    -8.05
    47.62
    MDC
    MDC HLDGS
    25.36
    -32.33
    3
    -17.15
    0.52
    -2.21
       
    N/A
    MHO
    M/I HOMES INC
    12.06
    -35.82
    2
    -3.05
    0.25
    -6.7
       
    N/A
    MTH
    MERITAGE HOMES
    23.21
    -12.75
    2
    3.85
    0.28
    -5.88
    999
    NVR
    NVR INC
    733.42
    -3.78
    3
    8.48
    1.52
    2.27
    24.52
    PHM
    PULTE GROUP ONC
    7.57
    -56.83
    3
    -34.35
    0.81
    1.54
       
    N/A
    RYL
    RYLAND GRP INC
    16.8
    -32.21
    2
    -12.27
    -0.25
    -8.54
       
    N/A
    SPF
    STANDARD PAC
    3.63
    -61.91
    3
    -33.03
    0.86
    1.7
    59.09
    TOL
    TOLL BROTHERS
    20.38
    -3.16
    3
    -3.64
    0.58
    -4
       
    N/A

     

     
    Market Indices Data
    Index
    Latest
    Change
    YTD
    Dow Jones
    12,580.00
    19.83
    8.66%
    NASDAQ Composite
    2,813.29
    -1.71
    6.05%
    Russell 2000
    834.52
    1.07
    6.49%
    S&P 500
    1,339.85
    -0.83
    6.54%

     

    ValuEngine Market Overview
    Summary of VE Stock Universe
    Stocks Undervalued
    46.85%
    Stocks Overvalued
    53.15%
    Stocks Undervalued by 20%
    18.49%
    Stocks Overvalued by 20%
    21.99%
     
    ValuEngine Sector Overview
    Sector
    Change
    MTD
    YTD
    Valuation
    Last 12-MReturn
    P/E Ratio
    Multi-Sector Conglomerates
    1.04%
    -2.47%
    4.20%
    9.97% overvalued
    30.35%
    28.27
    Utilities
    0.59%
    -1.96%
    5.06%
    9.51% overvalued
    22.15%
    23.61
    Oils-Energy
    2.14%
    -7.51%
    1.54%
    6.87% overvalued
    39.42%
    47.21
    Business Services
    0.88%
    -1.19%
    5.66%
    6.50% overvalued
    11.63%
    37.10
    Consumer Staples
    0.39%
    -2.06%
    -3.03%
    6.49% overvalued
    17.88%
    21.10
    Retail-Wholesale
    0.79%
    -0.18%
    7.37%
    5.25% overvalued
    21.32%
    35.17
    Industrial Products
    1.21%
    -4.70%
    3.30%
    4.63% overvalued
    24.78%
    31.88
    Transportation
    0.92%
    -2.85%
    -1.49%
    4.18% overvalued
    17.59%
    20.14
    Computer and Technology
    1.44%
    -3.23%
    9.61%
    3.98% overvalued
    30.50%
    45.02
    Aerospace
    0.69%
    -1.33%
    11.94%
    3.10% overvalued
    22.87%
    18.79
    Medical
    0.97%
    0.22%
    16.00%
    3.02% overvalued
    17.52%
    34.98
    Consumer Discretionary
    1.07%
    -1.24%
    5.96%
    2.96% overvalued
    13.72%
    29.90
    Finance
    0.79%
    -0.15%
    3.27%
    2.47% overvalued
    7.58%
    25.20
    Auto-Tires-Trucks
    0.87%
    -5.51%
    -6.63%
    1.25% overvalued
    45.38%
    19.52
    Basic Materials
    1.67%
    -6.13%
    -5.96%
    2.35% undervalued
    40.76%
    23.80
    Construction
    1.22%
    -4.68%
    -4.67%
    3.11% undervalued
    1.08%
    48.78

     

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

     
     
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    Stocks: AXR, BZH, CHCI, DHI, HOV, KBH, LEN, MDC, MHO, MTH, NVR, PHM, RYL, CAA, TOL
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