Myrtle Beach Real Estate » lennar http://scbeachrealestate.net/blog Your Myrtle Beach Real Estate Professionals Tue, 07 Sep 2010 15:59:23 +0000 http://wordpress.org/?v=2.8.3 en hourly 1 Home Builders Stocks are starting to Improve http://scbeachrealestate.net/blog/index.php/2010/01/home-builders-stocks-are-starting-to-improve/ http://scbeachrealestate.net/blog/index.php/2010/01/home-builders-stocks-are-starting-to-improve/#comments Mon, 11 Jan 2010 16:30:32 +0000 Larry Willis http://scbeachrealestate.net/blog/?p=100 According to the Wall Street Journal on January 7, 2010 Lennar and KB Home should see an improvement in their stock prices this year. Deutsche Bank analyst Nishu Sood on Monday raised his earnings forecast for both firms. Credit6 Suisse analyst Daniel Oppenheim upgraded Lennar to “outperform” from “Neutral” in November and raised its target price to $16 from a range of $12-14. Analysts are expecting Lennar to report a turnaround and a possible return to a profit in over a year which would be great for them. This would help get investors buying their stock again.

Last month’s new home sales report showed inventories of unsold homes fell to a seasonally adjusted 235,000 in November which is the lowest since 1971 according to HIS Global Insight. Homes in our MLS were up over 85% but the majority of these homes were not new. We have seen a steady increase since July. We are glad that 2009 is over and look forward to a great 2010! If buyers hold off much longer, they will miss a golden opportunity.

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