The 1970s were a simpler time, but they were also an era of
economic struggle, which included the effects of stagflation on the
U.S. economy as the price of crude oil doubled from 1973 to 1975.
Stagflation us what happens when the economy is experiencing both
economic stagnation – stalling or falling output – and high
inflation. To make things worse, the struggling economy will drive
up unemployment. Runaway inflation caused by increased government
spending, dependence on foreign oil, and slowing economic growth
have investors concerned about 1970s-era stagflation returning in
2022. The last time stagflation was a problem, real estate was a
top-performing sector in the market, which leads us to believe it
could be a great place to invest in the current environment.
Homebuilding stocks are cheap by traditional valuation models, so
if you like to hope for the best and plan for the worst, it might
be worth adding a few to your portfolio.
In 2021, real estate developers and home builders were plagued
by supply chain issues, persistent labor market tightness and
lumber price fluctuations. Add in the current environment of rising
interest rates and the shares of many home builders are trading at
valuations that are at the low-end of the historical range. Home
sales remain strong, and homebuilders are showing increased
profits. If low P/E ratios and double-digit earnings growth over
the next few years are not enough to pique your interest, Harvard's
Joint Center for Housing Studies projects that annual household
growth from 2022 to 2028 will average 1.2 million households per
year, which is 20% higher than the prior five-year average.
Four real estate development and home builder stocks investors
will want to consider are D.R. Horton, Inc. (DHI),
Community Redevelopment (OTC: CRDV), Beazer Homes
(NYSE: BZH), and PulteGroup, Inc.
(NYSE: PHM).
D.R. Horton, Inc. (NYSE: DHI) is known as
America’s Builder. It has been the largest homebuilder by volume in
the United States since 2002. With operations in 102 markets in 32
states across the U.S. D.R. Horton closed on 81,622 homes in the
twelve-month period ended December 31, 2021. Its diverse brand
portfolio includes D.R. Horton, Emerald Homes, Express Homes and
Freedom Homes with sales prices ranging from $150,000 to over
$1,000,000. D.R. Horton also provides mortgage financing, title
services and insurance agency services for its homebuyers, and
constructs and sells both single-family and multi-family rental
properties. It is the majority-owner of Forestar Group Inc., a
publicly traded national residential lot development company.
D.R. Horton will release financial results for its second
quarter ended March 31, 2022 on Tuesday, April 26, 2022 before the
market opens. The company showed an increase in home building
revenue for the first quarter of fiscal 2022 of 17% to $6.7 billion
from $5.7 billion in the same quarter of fiscal 2021. Homes closed
in the quarter decreased 2% to 18,396 homes compared to 18,739
homes closed in the same quarter of fiscal 2021, but net income per
common share for the first fiscal quarter ended December 31, 2021
increased 48% to $3.17 per diluted share compared to $2.14 per
diluted share in the same quarter of fiscal 2021. Consolidated
pre-tax income increased 45% to $1.5 billion on a 19% increase in
revenues to $7.1 billion. D.R. Horton also repurchased 2.7 million
shares of common stock for $278.2 million. For more information on
D.R. Horton please visit www.drhorton.com.
Community Redevelopment Inc. (OTC: CRDV)
Community Redevelopment Inc. (OTC: CRDV) is a full-service real
estate company with a management team that has extensive experience
in acquiring, developing, constructing, and managing high-quality
multifamily, and retail properties in attractive markets throughout
the Mid-Atlantic and Southeastern United States, as well as
extensive capital markets experience. Community Redevelopment filed
its 10-K for the Fiscal Year ending December 31, 2021 showing Total
Assets over $18.47 million dollars and over $1 million in cash.
This increase in Total Assets was attributed to an acquisition of a
portfolio of membership interests in six commercial retail,
multifamily and mixed-use properties in the Washington, D.C. Metro
area for shares of the Company’s stock. The properties consist of
stores, apartment buildings, and centers, which are either owned or
held under long-term operating leases.
Community Redevelopment's acquisition strategy is based on
acquiring quality, well positioned real estate in markets with
robust growth and demographics, anchored by strong tenants. By
developing real estate in multicultural and ethnically diverse
urban communities, as well as mainstream America. The company plans
to provide sustainable, long-term value to investors as it strives
to provide opportunities to improve neighborhoods in urban and
suburban markets. Community Redevelopment offers investors an
opportunity to participate in the growth and upside of trends in
the real estate market by being a shareholder. As an owner of
shares of common stock, investors experience significantly
increased liquidity as compared to owning real estate. For more
information on Community Redevelopment please visit
www.comredev.com.
Beazer Homes (NYSE: BZH) is a geographically
diversified homebuilder with active operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Beazer's long-term balanced growth strategy includes the expansion
of earnings at a faster rate than its revenue growth, supported by
a less-leveraged and return-driven capital structure. This strategy
provides the company with the flexibility to increase return on
capital, reduce leverage, or increase investment in land and other
operating assets in response to changing market conditions. As part
of the Company's ESG initiatives, Beazer is the first national
builder to publicly commit to ensuring that by the end of 2025
every home the Company builds will be Net Zero Energy Ready.
Beazer Homes scheduled the release of its financial results for
the Second Quarter ending March 31, 2022 for Thursday, April 28,
2022. For the First Quarter 2022, Beazer Homes posted net income
from continuing operations of $34.9 million, or $1.14 per diluted
share, compared to net income from continuing operations of $12.0
million, or $0.40 per diluted share, in fiscal first quarter 2021.
Homebuilding revenue was up 5.3% on a 15.1% increase in average
selling price to $438.4 thousand, partially offset by a 8.5%
decrease in home closings to 1,019, to $446.7 million. SG&A as
a percentage of total revenue was 11.8%, down 90 basis points
year-over-year. Net new orders of 1,141 were down 20.9%, but Beazer
Homes' backlog was up 20.9% to $1,405.2 million. The average
selling price of homes in backlog was $483.2 thousand, up 17.9%
from $409.7 thousand in the previous year. At the close of the
first quarter, the Company had approximately $407.7 million of
available liquidity, including $157.7 million of unrestricted cash
and a fully undrawn revolving credit facility capacity of $250.0
million. Over the past five years, it has repaid a total of $281.4
million of debt. For more information on Beazer Homes please visit
www.beazer.com.
PulteGroup, Inc. (NYSE: PHM) is currently
trading at a 4 PE. Not only that, the company has delivered almost
750,000 homes, since its founding 70 years ago, and today ranks as
the nation’s 3rd largest homebuilding company with operations in 23
states and 42 major markets. The company's portfolio of leading
brands includes Centex, Pulte, Del Webb, DiVosta, John Wieland
Homes and Neighborhoods, and American West. PulteGroup maintains a
diversified operating platform that provides opportunities for
growth and has allowed the company to create a more balanced
business which includes 29% first-time buyers, 45% to move up, and
26% active adult. Through its Del Webb and DiVosta brands,
PulteGroup is the recognized leader in serving baby boomers as they
move toward retirement.
PulteGroup scheduled the release of its financial results for
the Second Quarter ending March 31, 2022 for Thursday, April 28,
2022. The company is reducing its debt-to-capital ratio by
increasing its share purchase authorization by $1 billion. As of
December 31, 2021, the Company had $458 million available under its
prior share repurchase authorization. For the fourth quarter, home
sale revenues increased 38% over the prior year to $4.2 billion.
Higher revenues for the quarter reflect a 26% increase in closings
to 8,611 homes, along with a 10% increase in average sales price to
$490,000. In the same quarter PulteGroup, Inc. reported net income
of $663 million, or $2.61 per share, and adjusted net income of
$637 million, or $2.51 per share. Prior year fourth quarter
reported net income was $438 million, or $1.62 per share, and
adjusted net income for the prior year period was $415 million, or
$1.53 per share. For more information on PulteGroup please visit
www.pultegroup.com.
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profiles are not a solicitation or recommendation to buy, sell or
hold securities. The material in this release is intended to be
strictly informational and is never to be construed or interpreted
as research material. All readers are strongly urged to perform
research and due diligence on their own and consult a licensed
financial professional before considering any level of investing in
stocks. All material included herein is republished content and
details which were previously disseminated by the companies
mentioned in this release. OTCSR is not liable for any investment
decisions by its readers or subscribers. Investors are cautioned
that they may lose all or a portion of their investment when
investing in stocks. For services performed OTCSR was compensated
five hundred thousand restricted shares of Community Redevelopment
for investor relations services.
This release contains "forward-looking
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Beazer Homes USA (NYSE:BZH)
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Beazer Homes USA (NYSE:BZH)
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