Home Builders Soar in 2012 as Demand for New Homes on the Rise

Five Star Equities Provides Stock Research on Hovnanian Enterprises and Standard Pacific

Marketwired

NEW YORK, NY--(Marketwire - Oct 4, 2012) - Home builders have continued to outpaced 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 15 percent over the same period. Five Star Equities examines the outlook for companies in the Residential Construction Industry and provides equity research on Hovnanian Enterprises, Inc. (NYSE: HOV) and Standard Pacific Corp. (NYSE: SPF).

Access to the full company reports can be found at:

www.FiveStarEquities.com/HOV

www.FiveStarEquities.com/SPF

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."

Five Star Equities 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Hovnanian Enterprises is one of the nation's largest homebuilders with operations in 17 states across the U.S. The company reported net income was $34.7 million during the fiscal 2012 third quarter, or $0.25 per common share, compared with a net loss of $50.9 million, or $0.47 per common share, in last year's third quarter.

Standard Pacific, one of the nation's largest homebuilders, has built more than 115,000 homes during its 47-year history. The company recently reported it will release its 2012 third quarter results after market close on Thursday, October 25, 2012. Shares of Standard Pacific have gained more than 125 percent year-to-date.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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