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Sales Growth and Improved Home Deliveries as Housing Market Recovers - Research Report on PulteGroup, KB Home, USG, Standard



    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]

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 1. This is not company news. We are an independent source and our views do
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SOURCE Investors' Reports

Contact: CONTACT PERSON: Kristi Saunders - CONTACT PHONE: +1-315-982-6420
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