Homebuilding industry
Article Abstract:
Home construction industry securities will be an average investment area for 1997 and beyond but sharp short-term fluctuations can be expected in keeping with the country's economic trends. Performance in 1996 was strong, aided by the Federal Reserve's decision not to increase short-term rates and its sending home mortgage rates under 8%. Employment, and its resultant effect on home purchases, will greatly influence industrial growth.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Homebuilding industry
Article Abstract:
Housing starts are expected to fall by 2% in 1998 from there 1997 levels, even though there was a seasonally adjusted increase in Feb 1998 and the California housing market is healthy. Home builders are also expected to achieve critical mass in 1998 from acquisitions and mergers, thus making them more attractive to investors. Earnings prospects for these companies are good for 1998 and these stocks are likely to increase in price.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: