Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Fitch: Expanding Economy a Plus for U.S. Homebuilders in 2014

12/12/2013 | 09:38am US/Eastern

Link to Fitch Ratings' Report: 2014 Outlook: U.S. Housing and Homebuilders (A Continued Mild Recovery)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=726323

A slowly expanding economy should provide a boost for the U.S. homebuilding sector in 2014, according to Fitch Ratings in its outlook report.

'Home prices are likely to increase by 2.5%-3.5% next year with employment showing gains and consumer confidence likely to improve,' said Managing Director Robert Curran. New home pricing will benefit from restrained levels of new home inventory. 'With mortgage rates likely to increase, the spring selling season will likely set the tone for the year.'

The moderate cyclical improvement in overall construction activity should translate to stable ratings for most homebuilders during the year. Some companies may even be positioned for upgrades in the coming months.

Longer term, Fitch may consider revising the homebuilding industry outlook to positive if the housing market embarks on a more V-shaped recovery and starts and new home sales grow considerably. Conversely, Fitch could revise the homebuilding industry outlook to negative if the broader economy stalls and construction fundamentals do not improve.

Fitch's '2014 Outlook: U.S. Housing and Homebuilder' report is available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at 'www.fitchratings.com'

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Robert P. Curran
Managing Director
+1-212-908-0515
Fitch Ratings, Inc., One State Street Plaza, New York, NY 10004
or
Robert Rulla
Director
+1-312-606-2311
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
Email: sandro.scenga@fitchratings.com


© Business Wire 2013
React to this article
Latest news
Date Title
09:23a European investors warming to euro assets, still holding cash
09:23a LLOYDS BANK PLC : Half Yearly Report
09:22a CHEVRON : profit tumbles 90 percent, misses estimates; shares drop
09:22a VESUVIUS : Profit Hit By Declining Crude Steel Production (UPDATE)
09:22a MEO AUSTRALIA : Two Non-Executive Directors Appointed To MEO Board
09:22a LEGUMEX WALKER : IIROC Trade Resumption - LWP
09:22a EKSPRESS GRUPP : Consolidated Interim Report for the Second Quarter and First Half-Year of 2015
09:22a UK investors pile into stocks as risk appetite returns
09:21a GENERAL ELECTRIC : GE's 3.2-103 and 2.75-120 Wind Turbines Selected to Power British Columbia's Largest Wind Farm
09:21a U.S. employment costs post smallest gain on record in second-quarter
Latest news
Advertisement
Hot News 
CAMBIUM GLOBAL TIMBERLAND : Appoints Tony Gardner As Chairman
EQUATORIAL PALM OIL : Non-Executive Buys Shares (DIRECTOR DEALINGS)
CHIME COMMUNICATIONS : Rule 2.7 Announcement - Chime Communications plc
JD SPORTS FASHION : hikes profit forecast as sales surge
OXFORD PHARMASCIENCE : OXP005 Study Does Not Meet One Of Its Endpoints
Most Read News
06:07a WPP, Providence to buy Chime in sports marketing push
07/30 RINNAI : Notification of Personnel Changes
07/30 CHINA BIO MED REGENERATION TECHNOLOGY : Company Information Sheet (GEM)
07/30 MINERALS COUNCIL OF AUSTRALIA : Oxfam energy study should stick to facts not ideology
07/30 Harper Government Invests in Improvements to Sturgeon County's Community Infrastructure
Most recommended articles
09:22a CHEVRON : profit tumbles 90 percent, misses estimates; shares drop
09:22a UK investors pile into stocks as risk appetite returns
09:21a U.S. employment costs post smallest gain on record in second-quarter
09:20a Canada stock futures point to higher start after GDP data
09:19aDJTECHNICAL ANALYSIS : S&P 500, Nasdaq Futures