SOURCE: Street-Wire.Com

October 29, 2012 10:15 ET

Financial Review on Industrial Goods Stocks PulteGroup Inc. and DR Horton Inc. -- Residential Construction Companies Looking Up

NEW DELHI, INDIA--(Marketwire - Oct 29, 2012) - There has been a slew of positive news regarding the housing market recently, which could be good for companies operating in the residential construction industry, such as PulteGroup Inc. and DR Horton Inc. According to recently released U.S. Census Bureau figures, September saw newly built single family home sales increase 5.7 percent to the fastest pace since April 2010, a seasonally adjusted rate of 389,000 units. The Residential Construction industry has seen the above updates lately. And members can today access complimentary reports for two companies, PulteGroup Inc. (NYSE: PHM) and DR Horton Inc. (NYSE: DHI), serving this industry by following this link

http://www.street-wire.com/register.php

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In September both the pace of new housing construction and permit issuance for new homes reached their highest rate since July 2008. New housing construction improved 15 percent to a seasonally adjusted annual rate of 872,000 units and there was an 11.6 percent rise in the pace of permit issuance to 894,000 units. These positive indicators have led to high hopes as we enter into earnings season. PulteGroup reported its third quarter earnings on October 25th with its most prominent quarterly earnings since the turmoil in the housing sector. However, following the release of its earnings report, shares of PulteGroup tumbled as investors was on edge regarding the company's probable exposure to bad loans. PulteGroup Inc. financial analysis available by signing up for free at

http://www.street-wire.com/PHM29102012.pdf  

Several other companies are also due to report their earnings soon. D.R. Horton is scheduled to release its fourth quarter and fiscal year-end financial results on November 12th. The company seems to be feeling the effect of the positive market trends, having recently reported that it has closed on the sale of the first three homes at its Amador master-planned community. Street-Wire.com posted financial analysis on DR Horton Inc. today, members can access it at

http://www.street-wire.com/DHI29102012.pdf  

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