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Homebuilders Impressive Rally Continues in 2013 as Housing Market Shows No Signs of Slowing Down RDInvesting Provides Stock Research on PulteGroup and Toll Brothers


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© Marketwire 2013
2013-03-29 13:27:55 -

NEW YORK, NY -- (Marketwire) -- 03/29/13 -- U.S. home builders impressive run has continued in 2013 as positive data supporting the U.S. housing markets recovery continues to roll in. The SPDR S&P Homebuilders ETF (XHB) has surged approximately 13.25 percent so far in 2013. Research Driven Investing examines investing opportunities in the Residential Construction Industry and provides equity research on PulteGroup, Inc. (NYSE: PHM) and Toll Brothers Inc. (NYSE: TOL).



Access to the full company reports can be found at:
www.RDInvesting.com/PHM : ctt.marketwire.com/?release=1002092&id=2801677&type=1&am ..
www.RDInvesting.com/TOL : ctt.marketwire.com/?release=1002092&id=2801680&type=1&am ..





Home prices in the U.S. posted their largest gain in January since June 2006, just prior to the "housing bubble burst." The Standard & Poor's/Case-Shiller 20-city home price index rose 8.1 year-over-year in January, up from the 6.8 percent seen in December. All of the cities tracked by the index saw prices rise, while 8 out of the 20 posted double digit-gains.



Separately, a report released by the Commerce Department earlier this month showed permits for future construction were at a 4 and a half year high. Home builders in the U.S. started construction on houses and apartments at a seasonally adjusted annual rate of 917,000 in February, the second-largest pace seen since June 2008.



Research Driven Investing releases regular market updates on the Residential Construction Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com : ctt.marketwire.com/?release=1002092&id=2801683&type=1&am .. and get exclusive access to our numerous stock reports and industry newsletters.



Shares of PulteGroup are up approximately 11 percent in 2013, and have more than doubled over the past year. For the fourth quarter of 2012 home sale revenues totaled $1.5 billion, a year-over-year increase of 27 percent. The company is expected to release results for the first quarter of 2013 on Monday, April 22nd.



Shares of Toll Brothers have gained more than 45 percent in the past year. The company reported total revenues of $424.6 million for the first quarter of fiscal 2013, an increase of 32 percent when compared to revenues of $322 million in the year ago quarter.



Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.rdinvesting.com/disclaimer : ctt.marketwire.com/?release=1002092&id=2801686&type=1&am ..



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