NEW YORK, NY--(Marketwire - Sep 28, 2012) - Home builders have continued to outpace the broader markets in 2012 as record low mortgage rates have boosted demand for new homes. The Standard and Poor's Supercomposite Homebuilding Index has gained roughly 75 percent this year, while the S&P 500 Index has gained 14 percent over the same period. Five Star Equities examines the outlook for companies in the Residential Construction Industry and provides equity research on KB Home (
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Low borrowing costs and a decline in the supply of foreclosed homes have combined to provide a favorable environment for homebuilders in 2012. While new home sales fell slightly in August, 0.3 percent to an annual rate of 373,000, they still are roughly 30 percent higher than a year ago.
"Builders are a little more optimistic about future sales and buyer traffic and the mortgage environment is favorable," said Anika Khan, an economist at Wells Fargo Securities LLC. "New homes sales will continue to improve over the next few months and in the coming year."
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KB Home is one of the largest and most recognized homebuilding companies in the United States. The company delivered 1,720 homes in the third quarter of 2012, up 7 percent from the year-earlier quarter, with three of the company's four homebuilding regions posting year-over-year increases. Shares of KB Home have more than doubled in 2012.
Toll Brothers is the nation's leading builder of luxury homes operation in 20 states across the U.S. For the third quarter of 2012 the company reported a backlog of $1.62 billion and 2,559 units, an increase of 59 percent in dollars and 44 percent in units when compared to fiscal year 2011 third quarter. Shares of Toll Brothers are up over 65 percent for the year.
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