Friday, August 7, 2009

Home Builders Sector August-07-09

BZH 3.82 0.51 15.41% 6,174,666
LEN 13.43 0.96 7.70% 11,278,685
BHS 7.04 0.44 6.67% 122,256
GBH 0.2660 0.0460 20.91% 185,896
HOV 4.42 0.39 9.68% 4,810,281
TOL 21.79 1.25 6.09% 3,619,696
KBH 18.47 1.25 7.26% 4,360,451
CTX 12.23 0.70 6.07% 7,330,914
RYL 23.99 1.66 7.43% 2,951,292
As foreclosure filings increased to a record 1.5 million in the first half of the year, putting pressure on prices once again. This is evident in the fact that new home prices are still falling, with the median selling price at $206,200 in June, down from $219,000 in May and $234,300 last year.
That means builders like Ryland Group, Beazer Homes USA (NYSE: BZH), and KB Home NYSE: KBH) will get squeezed even harder.
BZH All Members 312 Outperform 664 Underperform

All-Star Members 84 Outperform 234 Underperform

Wall Street 6 Outperform 1 Underperform

DOW 9370.07 113.81 1.23%
S&P 500 1010.48 13.40 1.34%
NASD 2000.25 27.09 1.37%

http://www.fool.com/investing/small-cap/2009/08/07/5-deathbed-stocks.aspx
http://www.fool.com/?source=iflsittph0000001

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