Housing Sector -- an 'Earnings Season' in the Head of a Villain
16 4월 2010 - 9:32PM
Marketwired
www.rothmanresearch.com -- The housing sector is still on a painful
recovery path after experiencing the worst downturn since the Great
Depression. Closely tied to the economic recovery pace, it still
has to face some critical factors undermining its healing process
like the level of unemployed in the U.S., increasing foreclosures
and constricted credit conditions. Even if recent figures indicate
that consumer confidence and spending are gradually on an uptrend,
a vast majority of people have taken a thrifty and cautious stance
which makes recovery more of a long-term prospect for the sector.
With the new Residential Construction Data for March 2010 due to be
released today, economists, investors and companies in this space
are all crossing their fingers. But this is not the only data
worrying the street at this time, earnings season is here and
investors in the housing space will be on the lookout.
DR Horton Inc. (NYSE: DHI) announced that it will be
posting its 2nd Quarter Earnings on April 30th, 2010.
*Direct & free downloadable report on DR
Horton Inc. is available by signing up now at
http://www.rothmanresearch.com/article/dhi/23437/Apr-16-2010.html
"For its last quarter DR Horton posted a profit of $192 million,
but we still remember that like with Beazer Homes
USA Inc. (NYSE: BZH) which also brought in profits of $48
million for its last announced quarter, these were possible mainly
due to robust tax gains. At this moment this market remains largely
volatile and unpopular. Until foreclosures go down to a tolerable
level, the housing sector will remain a daunting thorn in the
economic recovery process," commented Jack Benassi for
www.rothmanresearch.com.
*Complimentary downloadable research on Beazer
Homes USA Inc. is accessible upon registration at
http://www.rothmanresearch.com/article/bzh/23438/Apr-16-2010.html
Beazer Homes USA Inc. is expected to deliver its earnings
announcement on May 3rd, 2010.
*www.rothmanresearch.com is a source for investors seeking free
information on the Residential Construction industry; investors are
encouraged to sign up for free at
http://www.rothmanresearch.com/index.php?id=6&name=Register.
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Beazer Homes USA (NYSE:BZH)
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