New Home Designs, Properties, Transactions, and Financial Results - Analyst Notes on KB Home, Standard Pacific, Hovnanian, MDC, and Beazer Homes

NEW YORK, March 25, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding KB Home (NYSE: KBH), Standard Pacific Corp. (NYSE: SPF), Hovnanian Enterprises, Inc. (NYSE: HOV), M.D.C. Holdings, Inc. (NYSE: MDC), and Beazer Homes USA, Inc. (NYSE: BZH). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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KB  Home  Analyst  Notes

On March 19, 2014, KB Home reported financial results for Q1 FY 2014 (period ended February 28, 2014). In Q1 FY 2014, the Company's total revenue increased 11.2% YoY to $450.7 million. Q1 FY 2014 net income was $10.6 million, or $0.12 per diluted share, compared to a net loss of $12.5 million, or $0.16 loss per diluted share, in Q1 FY 2013. The Company noted that the increase in net income was primarily due to higher revenues, expanded housing gross profit margin, and improved selling, general, and administrative expense ratio. "Building on the momentum and the full-year profitability our business achieved in 2013, we posted net income in the first quarter for the first time since 2007, along with higher average selling prices, increased revenues, expanded gross margins and improved operating leverage," said Jeffrey Mezger, President and CEO of KB Home. "In the current quarter, our double-digit percentage increase in community count helped us generate net order growth, and we are actively working to open additional new home communities. We are entering the spring selling season positioned with more communities open in attractive locations across the country, and we are confident that our balanced approach to sales price and pace, combined with our focus on both top-line growth and profitability, will produce strong results in the coming quarters." The full analyst notes on KB Home are available to download free of charge at:

http://www.AnalystsReview.com/03252014/KBH/report.pdf

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Standard  Pacific  Corp.  Analyst  Notes

On March 11, 2014, Standard Pacific Corp. (Standard Pacific) announced The Townhomes at Eagle Creek, a collection of new home designs offering a country club lifestyle, located on a championship golf course. "Eagle Creek's location on a premier golf course coupled with the thoughtful architectural details make it a one-of-a-kind community, where home shoppers are sure to find the home of their dreams," said Jay Lewis, Orlando President for Standard Pacific. "Customers will be delighted by the innovative townhome designs that feel more like single-family homes." The full analyst notes on Standard Pacific Corp. are available to download free of charge at:

http://www.AnalystsReview.com/03252014/SPF/report.pdf

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Hovnanian  Enterprises,  Inc.  Analyst  Notes

On March 5, 2014, Hovnanian Enterprises, Inc. (Hovnanian) reported financial results for Q1 FY 2014 (period ended January 31, 2014). In Q1 FY 2014, the Company's total revenues were $364.0 million, up 1.6% YoY. Q1 FY 2014 net loss was $24.5 million, or $0.17 loss per common share, compared to a net loss of $11.3 million, or $0.08 loss per common share, in Q1 FY 2013. "While our first quarter is always the slowest seasonal period for net contracts, the strong recovery trajectory from the spring selling season of 2013 has softened on a year-over-year basis. Net contracts in the months of December, January and February have not met our expectations. In addition to the lull in sales momentum, both sales and deliveries were impacted by poor weather conditions and deliveries were further impacted by shortages in labor and certain materials in some markets that have extended cycle times," said Ara K. Hovnanian, Chairman of the Board, President and CEO of Hovnanian. The full analyst notes on Hovnanian Enterprises, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03252014/HOV/report.pdf

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M.D.C.  Holdings,  Inc.  Analyst  Notes

On March 11, 2014, M.D.C. Holdings, Inc. (MDC) announced that its subsidiary Richmond American Homes of Florida (Richmond American) has closed on property in Oakridge Landing in North St. Johns. The Company informed that Richmond American's project is currently under development, and is expected to consist of 92 lots, expected to open in June 2014. With the project, Richmond American will offer a collection of floor plans ranging from approximately 2,250 to 3,400 finished square feet. The full analyst notes on M.D.C. Holdings, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03252014/MDC/report.pdf

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Beazer  Homes  USA,  Inc.  Analyst  Notes

On March 12, 2014, Beazer Homes USA, Inc. (Beazer Homes) announced that it has agreed to the terms of an unsolicited request to exchange approximately 19% or 890,000 of the Company's outstanding 7.50% tangible equity units (TEUs) due 2015, for 1.4 million shares of common stock, or 1.54 shares per unit. Beazer Homes noted that the announced transaction provided 115,433 shares over the 1.3 million shares that would have been received at maturity. Further, the transaction is expected to reduce the Company's debt by approximately $2.4 million and slightly reduce future interest expense. In addition, the stockholders' equity is expected to increase by approximately $2.4 million. The full analyst notes on Beazer Homes USA, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/03252014/BZH/report.pdf

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