SOURCE: Five Star Equities

Five Star Equities

February 28, 2013 08:20 ET

Lennar and PulteGroup Surge as Home Sales Hit 4 and 1/2 Year High

Five Star Equities Provides Stock Research on Lennar and PulteGroup

NEW YORK, NY--(Marketwire - Feb 28, 2013) - The U.S. homebuilders' rally has continued into 2013 as data supporting a recovery in the U.S. housing market keeps rolling in. Shares of home builders were sent surging Tuesday after two separate reports showed improvements in U.S. home prices and sales. Five Star Equities examines the outlook for companies in the Residential Construction Industry and provides equity research on Lennar Corporation (NYSE: LEN) and PulteGroup, Inc. (NYSE: PHM).

Access to the full company reports can be found at:

www.FiveStarEquities.com/LEN

www.FiveStarEquities.com/PHM

U.S. new home sales reached a 4 and 1/2 year high in January. The Commerce Department on Tuesday reported new-home sales increased 16 percent in January, the largest jump in nearly two decades, to a seasonally adjusted annual rate of 437,000. Additionally the Standard & Poor's/Case-Shiller 20-city home price index, which was also released Tuesday, posted a year-over-year increase of 6.8 percent in December. According to the report home prices nationwide increased 7.3 percent last year.

"Since most people have their wealth tied up in their home, rising home prices make consumers more confident, more credit worthy and more willing to spend acquired income," Dan Greenhaus, chief global strategist at BTIG LLC, stated in an email.

Five Star Equities releases regular market updates on the Residential Construction Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Lennar, together with its subsidiaries, engages in homebuilding, financial services, and real estate businesses in the United States. Shares of the company have gained over 70 percent in the past year. Lennar reported net earnings of $4.1 billion for fiscal year 2012, an increase of 33 percent when compared to fiscal 2011.

Shares of PulteGroup have gained over 125 percent in the past year. The company reported net new orders totaled 3,926 in the fourth quarter, an increase of 27 percent when compared to orders of 3,084 in the fourth quarter of 2011. The dollar value of net new orders in the quarter was $1.2 billion, a year-over-year increase of 41 percent.

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