StockCall Analysis on PulteGroup and Lennar: Housing Market Sizzling

     StockCall Analysis on PulteGroup and Lennar: Housing Market Sizzling

  PR Newswire

  LONDON, January 21, 2013

LONDON, January 21, 2013 /PRNewswire/ --

The residential construction industry is primed for lift-off, following
stellar December figures for single-family and multifamily home production.
StockCall analysts have taken these positive notes to release their technical
report on PulteGroup Inc. (NYSE: PHM) and Lennar Corporation (NYSE: LEN). Sign
up today to make the most of these free reports at  

With the wind at its back and the all-important spring buying period soon to
come, construction companies could rise even higher. A new report from the
National Association of Home Builders detailed the improved numbers, reporting
that single-family and multifamily housing starts shot up 12.1% in December,
marking the highest rate of new home production since June 2008. Single-family
housing starts climbed 8.1% while multifamily housing starts soared 23.1%.
Several major industry players have already announced sparkling quarterly
results, and amongst them is Lennar Corporation which recently posted its
fourth quarter earnings with home deliveries up 32% as compared to last year
to 4,443 homes, and new home orders up 32% at 3,983 homes. Technical report on
Lennar is available today for free at 

Chief Executive Officer ofLennar Corporation Stuart Miller noted in the
release that during the reported quarter the housing industry sustained its
recovery pace with key factors like low mortgage rates, affordable home
prices, reduced foreclosures and an extremely favorable 'rent vs. own'
comparison driving recovery. Mr. Miller stated that housing should play its
traditional role in the broader economic recovery by promoting jobs, boosting
consumer confidence and assisting new homeowners towards wealth building
through home ownership which in turn brings about economic growth.

A number of factors have contributed to the positive increase in the National
Association of Home Builders numbers. Lower unemployment has granted a greater
number of individuals access to income, and low interest rates have also made
purchasing a home more enticing. Inventories of new homes are also depressed,
which is also a positive for the residential construction industry.
Furthermore, an overheated rental market has also tipped the scales in favor
of buying.

It will be interesting to see if the trend continues as more companies release
their financials. Industry player PulteGroup Inc. [ Free Report on PHM ] ^[
^(1) ^] will be releasing their earnings report on January 31 ^st . The upbeat
sentiment in the industry has compelled investors to react bullishly as
PulteGroup saw its share price cross a new 52-week high last Friday.


1.PulteGroup Inc. Technical Analysis [ ]

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