Fitch Ratings Warns on Homebuilders Debt

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Fitch Ratings has issued a warning about homebuilders’ debt ratings.  Fitch has already lowered its ratings on the debt of Beazer (NYSE:BZH), KB Home (NYSE:KB) and Pulte (NYSE:PHM).

Here’s a New Problem for the US Housing Market>>

Following is some information about these companies’ stock price performance and some of their competitors.

  • Beazer (NYSE:BZH):  The shares recently traded at $1.81, down $0.04, or 2.16%, on the day.  The shares have traded in a 52-week range of $1.35 to $6.23 and its market capitalization is $135.98 million.  About the company: Beazer Homes USA, Inc. designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States.  The Company’s homes are designed to appeal to entry-level and first move-up home buyers.
  • KB Home (NYSE:KBH): The shares recently traded at $6.43, down $0.25, or 3.74%, on the day.  The shares have have traded in a 52-week range of $5.02 to $16.11 and its market capitalization is $495.14 million.  About the company: KB Home builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers.  The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States.  KB Home also derives income from mortgage banking, title and insurance services.
  • Pulte (NYSE:PHM):  The shares recently traded at $4.15, down $0.28, or 6.32%, on the day.  The shares have traded in a 52 week range of $3.29 to $8.69 and its market capitalization is $1.59 billion.  About the company: Pulte Group, Inc. sells and constructs homes, and purchase, develops, and sells residential land and develops active adult communities.  The Company also provides mortgage financing, title insurance, and other services to home buyers.  Pulte has operations in various markets across the United States and Puerto Rico.
  • Toll Brothers (NYSE:TOL): The shares recently traded at $15.29 and have traded in a 52-week range of $13.16 to $22.42 and its market capitalization is $2.56 billion. About the company: Toll Brothers, Inc. builds luxury homes, serving both move-up and empty nester buyers in several regions of the United States.  The Company builds customized single and attaches homes, primarily on land that it develops and improves.  Toll Brothers also operates its own architectural, engineering, mortgage, title, security, landscape, insurance brokerage, and manufacturing operations.
  • Pulte Group (NYSE:PHM): The shares recently traded at $4.15, down $0.28, or 6.32%, on the day.  The shares have traded in a 52-week range of $3.29 to *.69 and its market capitalization is $1.59 billion.  About the company: Pulte Group, Inc. sells and constructs homes, and purchases, develops, and sells residential land and develops active adult communities.  The Company also provides mortgage financing, title insurance, and other services to home buyers.  Pulte has operations in various markets across the United States and Puerto Rico.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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