SOURCE: Rothman Research

Rothman Research

April 16, 2010 08:33 ET

Housing Sector -- an 'Earnings Season' in the Head of a Villain

JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 16, 2010) - www.rothmanresearch.com -- The housing sector is still on a painful recovery path after experiencing the worst downturn since the Great Depression. Closely tied to the economic recovery pace, it still has to face some critical factors undermining its healing process like the level of unemployed in the U.S., increasing foreclosures and constricted credit conditions. Even if recent figures indicate that consumer confidence and spending are gradually on an uptrend, a vast majority of people have taken a thrifty and cautious stance which makes recovery more of a long-term prospect for the sector. With the new Residential Construction Data for March 2010 due to be released today, economists, investors and companies in this space are all crossing their fingers. But this is not the only data worrying the street at this time, earnings season is here and investors in the housing space will be on the lookout. DR Horton Inc. (NYSE: DHI) announced that it will be posting its 2nd Quarter Earnings on April 30th, 2010. 

*Direct & free downloadable report on DR Horton Inc. is available by signing up now at http://www.rothmanresearch.com/article/dhi/23437/Apr-16-2010.html    

"For its last quarter DR Horton posted a profit of $192 million, but we still remember that like with Beazer Homes USA Inc. (NYSE: BZH) which also brought in profits of $48 million for its last announced quarter, these were possible mainly due to robust tax gains. At this moment this market remains largely volatile and unpopular. Until foreclosures go down to a tolerable level, the housing sector will remain a daunting thorn in the economic recovery process," commented Jack Benassi for www.rothmanresearch.com.

*Complimentary downloadable research on Beazer Homes USA Inc. is accessible upon registration at http://www.rothmanresearch.com/article/bzh/23438/Apr-16-2010.html    

Beazer Homes USA Inc. is expected to deliver its earnings announcement on May 3rd, 2010.

*www.rothmanresearch.com is a source for investors seeking free information on the Residential Construction industry; investors are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

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