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HomebuilderStocks.com Reports – Homebuilder Sector Hits Milestone: All Time Construction Spending High |
by:
Brian Noer |
Commerce Department report states that construction spending was at an all time high in September, and that consumer spending is still strong.
POINT ROBERTS, WA. – November 3, 2005 - www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that the month of September saw the homebuilding sector hit another milestone. According to a Commerce Department report, construction spending in September reached an all time high of $1.12 trillion as homebuilders took advantage of low interest rates. While September’s interest rates were still low, analysts predict that the Federal Reserve will be hiking rates up to combat inflation concerns as energy prices rise. Even though rates look set to rise, the homebuilding sector is well positioned as many parts of the country need to be rebuilt following recent hurricane activity.
September’s record breaking construction spending followed gains of .6% in both July and August. In recent weeks homebuilder stocks took a hit due to an uncertain outlook on consumer spending, but the Commerce Department report also stated that consumer spending was still strong, which sent sector stocks on a rally. Also on Monday, Centex Corp. announced a share repurchase plan to buy back up to 5 million shares of its common stock. At market close Centex shares traded at $64.34, down 1% from Friday. The nation’s biggest homebuilder D.R. Horton (NYSE: DHI) announced earlier in October that orders for new homes rose nearly 26% in the last quarter.
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured companies International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV) and Cyberlux Corporation (OTCBB: CYBL).
Our current list of public companies in the sector includes: Toll Brothers, Beazer Homes USA, Inc., Ryland Group, Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home, Lennar Corporation, Lowe’s, Monterey Homes, Orleans Homebuilders, Inc., Pulte Homes and numerous others.
For the complete list, click here: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
Featured Companies:
International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV) develops, manufactures, and markets proprietary fire resistant building materials branded as Blazeguard®. Barrier’s award-winning Blazeguard® wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. The panels exceed “model” building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. Blazeguard® provides Barrier’s customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. Blazeguard® customers include four of the five top homebuilders! www.intlbarrier.com - http://www.homebuilderstocks.com/Companies/IntlBarrier/Default.asp
Cyberlux Corporation (OTCBB: CYBL) has created breakthrough lighting technology that provides the most energy efficient and cost effective lighting solutions available today. Several products are designed to address emergencies such as power outages or critical security lighting needs and others which bring newly developed heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 92 percent less energy than incandescent elements and perform for over 20 years in contrast to 750 hours for traditional bulbs. http://www.cyberlux.com/ - http://www.homebuilderstocks.com/CO/CYBL/Default.asp
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ECON is a privately owned corporate communications company specializing in: media relations, investor relations, and research on public companies and industry sectors, for the investment community. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Past performance does not guarantee future results, therefore investigate before you invest! Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research. The site is compensated by its "Featured Companies,” as outlined in our on-line disclaimer at www.InvestorIdeas.com/About/Disclaimer.asp. HomebuilderStocks.com/ECON is compensated by Featured Companies: IBH and CYBL. IBH pays ECON a fee of Eight thousand seven hundred dollars per month, plus 100,000 stock options. Cyberlux Corporation - Four thousand dollars per month. Featured Company on HomelandDefenseStocks.com and HomebuilderStocks.com
SOURCE: www.HomebuilderStocks.com.
For more information contact:
Dawn Van Zant / Brian Noer
Toll free: 800-665-0411
Email: dvanzant@investorideas.com or bnoer@investorideas.com
Web Site: http://www.InvestorIdeas.com
About the author:
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured companies International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV) and Cyberlux Corporation (OTCBB: CYBL).
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