Morning Research on Standard Pacific, Toll Brothers, Gafisa, Ryland, and MDC Holdings

 Morning Research on Standard Pacific, Toll Brothers, Gafisa, Ryland, and MDC

PR Newswire

LONDON, April 23, 2013

LONDON, April 23, 2013 /PRNewswire/ --

A report from the National Association of Realtors released on Monday showed
that existing home sales slipped in the month of March. Yesterday's
disappointing data from the housing market, however, was an exception. Since
last year, the housing market has shown signs of robust recovery, driven by
record low mortgage rates and huge pent-up demand. The ongoing recovery in the
housing market has benefited homebuilders such as Standard Pacific Corp.
(NYSE: SPF), Toll Brothers Inc. (NYSE: TOL), The Ryland Group Inc. (NYSE:
RYL), and M.D.C. Holdings Inc. (NYSE: MDC). The housing market in Brazil has
also been growing, driven by rising income levels in the country. The growth
has helped Brazilian homebuilders such as Gafisa SA (NYSE: GFA). Homebuilder
stocks ended mostly higher in yesterday's trading session, tracking gains in
the broad market. StockCall has posted free technical research reports on SPF,
TOL, GFA, RYL, and MDC and these can be accessed by signing up at

Shares of Standard Pacific Corp. edged higher on Monday; however, the gains
were limited. The stock closed 0.24% higher at $8.28 on above average volume
of 5.17 million. Shares of SPF had recently slipped below their 50-day moving
average, which is a bearish signal. However, the volume activity the last few
trading sessions, and the stock's MACD chart suggest that market sentiment is
starting to turn bullish on the stock. Standard Pacific's shares currently
face resistance at around $8.50. Download the free report on SPF upon
registration at

Shares of Toll Brothers Inc. rose sharply in yesterday's session. The stock
closed 1% higher at $31.22 on volume of 3.74 million after touching an
intra-day high of $31.38. Despite Monday's gains, Toll Brothers' shares are
down more than 1% in the last three trading sessions. In the last one month,
the stock has fallen 12.40%. Shares of TOL have seen a series of lows over the
last one month, which is a bearish signal. TOL technical report can be
accessed for free by signing up at

Gafisa SA's shares gained in trading on Monday, extending their gains from
previous trading sessions. The stock closed 1.80% higher at $3.96 on volume of
1.13 million, taking its gains in the last three trading sessions to nearly
4.50%. Despite the recent gains, the company's shares have fallen more than
14.80% in 2013 so far, underperforming the broad market. The stock is
currently trading nearly 25% below its 52-week high. The free report on GFA
can be downloaded by signing up now at

The Ryland Group Inc.'s shares also rose sharply yesterday. The stock closed
2.42% higher at $38.56 on above average volume of 1.35 million. Ryland's
shares traded between $36.49 and $38.57 on Monday. Year-to-date, the company's
shares have gained more than 5.80%, compared to a gain of over 9.50% for the
S&P 500. The stock is currently trading more than 10.20% below its 52-week
high. Free report on RYL can be accessed by registering at

Another homebuilder stock that rose sharply on Monday was M.D.C. Holdings Inc.
Shares of the Denver, Colorado-based company rose to an intra-day high of
$34.97 before finishing the day 2.36% higher at $34.70 on above average volume
of 1.23 million. The stock's MACD has just crossed above the signal line,
which is a strong bullish signal. The stock is now trading close to $35
resistance level. Year-to-date, M.D.C. Holdings' shares have fallen 5.60%.
Register with StockCall and download the research on MDC for free at

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