Latest News

New York Times article cites rise in home builder stocks

March 22, 2012
/ Print / Reprints /
ShareMore
/ Text Size+
The New York Times today published an article entitled "Home Builder Stocks at Highest Point in 2 Years After 6-Month Rise." In it, the Times detailed the following:

  • After investing several million dollars into the shares of the home builder Lennar, Federated Investors saw a two-fold return on that investment.
  • Home builder stocks are at their highest level in two years, with the Standard & Poor's index of 11 home builder stocks rising 80 percent since October, the most recent low for the industry.
  • The National Association of Home Builders said that its housing market index, which measures the outlook for home builders, held steady at 28 in March from the same level in February, its highest level in five years. While still far below the 70s it reached in 2005 during the housing boom, the index has doubled in the last six months.
  • Economic data showed that builders requested 5.1 percent more permits in February but broke ground on fewer units. On Wednesday, a report from the National Association of Realtors said that sales of previously owned homes declined 0.9 percent in February from January but that they were still at their second-highest level in 21 months. The median sales price for an existing home rose 0.3 percent to $156,600 in February, compared with a year earlier.

To read the full article, visit www.nytimes.com.

Did you enjoy this article? Click here to subscribe to Stone World 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

November 2013 Stone Products Gallery

Take a look at some of the latest stone industry products.

THE MAGAZINE

Stone World Magazine

April 2014 stone world cover

2014 April

In this month's issue of Stone World, check out an extensive preview of Coverings 2014, which will be celebrating its 25th anniversary in April. Also learn more about various types of limestone that were used to build private residences.

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine

CSTD_Spring2014_Cover.jpg

2014 Spring

This issue of Contemporary Stone & Tile Design includes our annual focus on Kitchen and Bath design

Table Of Contents Subscribe

Training Program

How formal is your training program for new employees?
View Results Poll Archive

The Stone World Store

How_To_Polish_&_Restore_Mar.gif
How to Polish & Restore Marble Flooring

This video will show you step-by-step how to resurface and polish marble flooring from grinding and removing lippage and scratches to achieving a highly reflective polish.

More Products

Italian Trade Commission Coverings exhibitor preview

Italian Trade Commission logo 2

The Italian Trade Commission is presenting a large group of the most innovative and internationally renowned Italian suppliers of dimensional natural stones. We hope your busy schedule will allow you to join us for a “genuine” espresso in booth N. 4045 and explore the exciting Italian natural stone resources offered by our exhibitors. Check out Italian stone producers exhibiting at Coverings 2014 here!

  

Stone Industry Education

stone industry educationStone Industry Education is sponsored by Stone World Magazine and Marble Institute of America. The SIE events will help you: strengthen your skills, build your business, and  increase profit in your shop.  Check out stoneindustryeducation.com to register for upcoming fabricator and installer seminars.

STAY CONNECTED

facebook logo Twitter  YouTube