CHICAGO, Jan. 2, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include D.R. Horton Inc. (NYSE:DHI), Berkshire Hathaway Inc. (NYSE:BRK.B), Masco Corp. (NYSE:MAS), USG Corp. (NYSE:USG) and PPG Industries Inc. (NYSE:PPG).
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Here are highlights from Monday's Analyst Blog:
New Home Sales Edge Up
New Home Sales rose by 4.4% in November from October, to a total of about 377,000. Relative to a year ago, sales are up a good 15.3%. This increase in sales is very welcome and adds to the signs of a broadening housing market recovery.
Also median sale price trended up clocking a gain of 3.7% sequentially and 14.9% year over year.Results by Region November 2012
New home sales have only exceeded the 400,000 level three times since September 2008 when the financial markets collapsed. The last was in April 2010, when sales surged by a tax credit for first-time homebuyers.July 2005
Not only are high new home sales good for the big homebuilders likeD.R. Horton Inc. (NYSE:DHI), but also for all the companies that make the products and supplies that go into making a new house. There is Berkshire Hathaway Inc. (NYSE:BRK.B) for bricks, roofing materials and insulation, Masco Corp. (NYSE:MAS) for plumbing fixtures and cabinets and USG Corp. (NYSE:USG) for wallboard. The range also includes PPG Industries Inc. (NYSE:PPG) for glass, etc.
National Association of Home Builders/Wells Fargo Housing Market Index (HMI), which reflects builder confidence in the market for newly built, single-family homes, posted a solid, 26 point gain year-over-year to 47 for December. On a sequential basis the index was up by 2 points. This marked the eighth consecutive monthly gain in the confidence gauge and brings it to its highest point since May 2006, when the index stood at 46. While the inventory of existing homes for sale narrowed down to 4.8 months, down from a 7-month supply last November, sales of existing homes rose 5.9 % to 5.04 million annual level.
With housing hopefully back on track, we believe it will be one of the sectors to give a much required push to jump-start the economy. It is also expected to generate jobs for the twenty-somethings so they can move out of their parents' house creating more demand for new homes and thus get the economy moving again.
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