New Homebuilding Communities Arise as Housing Market Recovers and Homebuyers' Optimism Grows - Research Report on PulteGroup, Toll Brothers, KB Home, Ryland, and NVR
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NEW YORK, August 26, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting PulteGroup, Inc. (NYSE: PHM), Toll Brothers Inc. (NYSE: TOL), KB Home (NYSE: KBH), Ryland Group Inc. (NYSE: RYL), and NVR Inc. (NYSE: NVR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
PulteGroup, Inc. Research Report
On August 2, 2013, PulteGroup Inc. (Pultegroup) reported in its most recent survey that current homeowners are optimistic regarding selling their homes to purchase a new one. A total of 43% of move-up buyers responded that they plan to purchase a new home in the next five years, reflecting confidence in the housing market recovery. Deborah Wahl, Senior Vice President and Chief Marketing Officer for PulteGroup, Inc. commented, "The move-up buyer represents a significant opportunity for Pulte Homes. It's critical we continue to understand this buyer segment and the economic and life-stage factors that spur them to purchase a new home." The Full Research Report on PulteGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-21/PHM]
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Toll Brothers Inc. Research Report
On August 21, 2013, Toll Brothers, Inc. (Toll Brothers) reported its Q3 FY 2013 financial results (period ended July 31, 2013). Total revenues were $689.2 million, compared to $554.3 million in Q3 FY 2012. The Company's homebuilding deliveries rose 10% YoY to 1,059 units. Net income totaled $46.6 million, or $0.26 per share, in Q3 FY 2013, compared to $61.6 million, or $0.36 per share, in Q2 FY 2012. Commenting on the results, Douglas C. Yearley, CEO of Toll Brothers, stated, "Sales volumes and pricing power both increased this quarter from one year ago, a pattern consistent with recent quarters. We believe the recovery is real and we are in the early stages of the rebound." The Company expects to deliver between 1,225 and 1,425 homes in Q4 FY 2013 that would generate total home sale revenues for FY 2013 of between $2.5 billion and $2.6 billion. The Full Research Report on Toll Brothers Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-21/TOL]
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KB Home Research Report
On August 2, 2013, KB Home announced the grand opening of four new home communities in California's Inland Empire region. The launch of new neighborhoods is reflective of the Company's extensive growth initiatives across its operations. Chris Haines, President of KB Home's Inland Empire Division, commented, "We have carefully planned each of these new communities to appeal to a variety of homebuyers at different stages of life in areas where we expect the option to build a near-custom home will be a welcome alternative to the bidding wars that have frustrated resale home shoppers throughout the Inland Empire." The Full Research Report on KB Home - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-21/KBH]
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Ryland Group Inc. Research Report
On August 19, 2013, Ryland Homes announced the grand opening of new homesites in Greenwood, Indiana, featuring the Estate Collection from August 17-25, 2013. According to the Company, these homesites have been priced starting from the $270s and offer large, open floorplans. Ryland also reported that a new collection of expansive single-family homesites will be made available during this release. The Full Research Report on Ryland Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-21/RYL]
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NVR Inc. Research Report
On August 20, 2013, NVR Inc. announced the expansion of its NVHomes brand in Raleigh, North Carolina. According to the Company, NVHomes will now offer its award-winning brand of luxury homes in North Carolina, with up-to-date floorplans designed specifically for homebuyers in the Triangle Area. The first two communities to feature NV homes will be Saxonbury in West Cary and Westfall in Chapel Hill. Sales will start at the both communities in the month of September 2013, with decorated models to follow in December 2013. The Full Research Report on NVR Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-21/NVR]
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