Sales Growth and Improved Home Deliveries as Housing Market Recovers - Research Report on PulteGroup, KB Home, USG, Standard Pacific, and MDC Holdings PR Newswire NEW YORK, July 31, 2013 NEW YORK, July 31, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Investors' Reports announced new research reports highlighting PulteGroup, Inc. (NYSE: PHM), KB Home (NYSE: KBH), USG Corporation (NYSE: USG), Standard Pacific Corp. (NYSE: SPF), and MDC 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 On July 25, 2013, PulteGroup, Inc. (PulteGroup) reported its Q2 2013 financial results with net income of $36 million or $0.09 per share, compared to net income of $42 million or $0.11 per share in Q2 2012. The Company's home sales revenues grew 19% YoY to $1.2 billion, driven by a 9% YoY increase in average selling prices to $294,000. "The U.S. housing market continues to gain momentum and remains solidly on track towards a sustained, long-term recovery," said Richard J. Dugas, Jr., Chairman, President, and CEO of PulteGroup. "Even the recent rise in interest rates has had little effect on overall activity, as consumers continue to perceive good values, amidst limited supply and generally rising sales prices, combined with the reality of high lease rates in the rental market. Given these market dynamics, consumers are continuing to exhibit a sense of urgency in their desire to purchase a new home." 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.investorsreports.com/report/2013-07-29/PHM] KB Home Research Report On July 25, 2013, KB Home (KB Home) announced the opening of the new Parkside Villas in Denver. The latest development of the Company features an exclusive collection of paired homes located at the corner of Florida Avenue and Dayton Street, which offers home shoppers the opportunity to own a brand new Built to Order KB Home in a desirable urban setting. "It's been an exciting year for KB Home in Denver as our homebuilding activities have accelerated, and we're looking forward to delivering the American dream of homeownership to even more Coloradans at Parkside Villas," said Matt Mandino, President of KB Home's Colorado Division. "It's because of KB Home's application of extensive market knowledge and the ongoing execution of our growth strategies that we are able to offer choice projects like Parkside Villas to home shoppers, and we're eager to continue the momentum we've established in Denver with the opening of several more KB Home communities this year." 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.investorsreports.com/report/2013-07-29/KBH] USG Corporation Research Report On July 25, 2013, USG Corp. (USG) reported its Q2 2013 financial results with net sales of $916 million, an increase of 14.8% YoY. Operating profit for the quarter totaled $74 million compared to $28 million in Q2 2012. Net income was $25 million or $0.22 per diluted share compared to a net loss of $57 million or $0.53 per diluted share in Q2 2012. "We are pleased to generate net income for the second consecutive quarter," said James S. Metcalf, Chairman, President, and CEO of USG. "Results in all major business units have improved from one year ago, including L&W Supply, which achieved an operating profit for the first time since 2008." Metcalf concluded, "We will continue to lower our break-even, improve our margins, and find growth opportunities as we build upon the recovery. The positive trend in our results demonstrates that our Plan to Win is working." The Full Research Report on USG Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/USG] Standard Pacific Corp. Research Report On July 25, 2013, Standard Pacific Corp. (Standard Pacific) reported its Q2 2013 financial results with net income of $43.1 million, or $0.11 per diluted share, compared to $14.3 million or $0.04 per diluted share in Q2 2012. Its home sale revenues were up 58% YoY to $434.3 million with new home deliveries up 34.4% YoY to 1,095 homes. Net new orders increased 36.8% YoY to 1,516 homes, primarily due to a 31% YoY increase in the Company's monthly sales absorption rate to 3.1 per community. Scott Stowell, Standard Pacific's CEO, commented, "Our strong second quarter performance reflects a continuation of the first quarter's positive momentum. The demand and pricing power we experienced in nearly all of our markets has resulted in a growing backlog with growing margins, which we believe are strong indicators of future performance." Mr. Stowell added, "As I reflect back on our results over the first half of the year, I am pleased to see the execution of our strategy driving top line revenue and profitability." The Full Research Report on Standard Pacific Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/SPF] MDC Holdings Inc. Research Report On July 25, 2013, M.D.C. Holdings Inc. (MDC) announced that its subsidiary, Richmond American Homes of Utah, has recently closed a land purchase in Riverton City, Utah. MDC informed that the opening of the brand new community, Royal Farms, is scheduled to take place in Q4 2013,and will offer a variety of new single- and two-story homes, ranging from approximately 2,800 to 4,100 finished square feet. The Full Research Report on MDC Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/MDC] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. SOURCE Investors' Reports Contact: CONTACT PERSON: Kristi Saunders - CONTACT PHONE: +1-315-982-6420 (North America)
Sales Growth and Improved Home Deliveries as Housing Market Recovers - Research Report on PulteGroup, KB Home, USG, Standard
Press spacebar to pause and continue. Press esc to stop.