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Homebuilding industry

Authors :
Lyons, John T.
Sharav, Ben
Joseph, Christopher M.
Sanborn, Stephen
Source :
The Value Line Investment Survey (Part 3 - Ratings & Reports). July 19, 1996, Vol. 51 Issue 45, p872, 11 p.
Publication Year :
1996

Abstract

New order growth has slowed in the homebuilding industry, although new home sales for May 1996 increased 7.5%. However, earnings-per-share will remain favorable through 1996 due to 2nd qtr order backlogs. Earnings for 1997 could be lower if new orders remain sluggish and mortgage rates increase in 1996 and 1997. Stocks with good balance sheets and leading market shares offer the best opportunities for investors in 1996.

Details

ISSN :
00422401
Volume :
51
Issue :
45
Database :
Gale General OneFile
Journal :
The Value Line Investment Survey (Part 3 - Ratings & Reports)
Publication Type :
Periodical
Accession number :
edsgcl.18518283