Member access

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
05:45a FIDELITY ASIAN VALUES : Total Voting Rights
05:45a FIDELITY EUROPEAN VALUES PLC - Total Voting Rights
05:45aDJFord Motor and Chinese Partner to Buy Car Factory -- Update
05:44a INPRO : Signing of a significant agreement with Powszechna Kasa Oszczednosci Bank Polski S.A.
05:44a PRADA : 02/04/2015 Announcement of Termination of Continuing Connected Transaction
05:44a PRADA : 02/04/2015 Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 March 2015
05:44a ALLIANZ SE : Every cent counts
05:44a SHEPHERD NEAME : Director/PDMR Shareholding
05:44a VECTOR RESOURCES : Notice of General Meeting/Proxy Form
05:44a TEO LT : is coming to the capital of Pamarys Land
Latest news
Advertisement
Hot News 
BERKELEY MINERAL RESOURCES : Leach processing selected for pilot plant
FINANCIER CROI INV : MATHEWS TEAM QUITS BRAY ; LEAGUE OF IRELAND...& Cooke stands by to take over in hot seat
KOOVS : Expects Costs To Wipe Out Sales Growth, To Seek Funding
CLUFF NATURAL RESOURCES : Awarded New Scottish License, Extensions To English Licenses
REAL GOOD FOOD : in talks to sell its sugar business Napier Brown
Most Read News
04/01DJROYAL DUTCH SHELL A : Shell Boosts Capacity at Singapore Petrochemical Plant
04/01 JAMBA : Reaches Agreement to Refranchise 100 Company-Owned Locations in California
04/01 MOODY : Hamden gets good news from bond-rating agencies
04/01 BOEING : Oman Air says orders 20 Boeing 737s; to double fleet by 2020
02:48a China Internet authority denounces Google certificate rejection
Most recommended articles
05:36aDJLower Oil Prices Weigh on Abu Dhabi Fund Mubadala's Profit
05:31a APPLE : EU regulators probe Apple's music streaming plans in Europe
05:28aDJOil Prices Reverse Strong Gains, Iran Nuclear Talks Eyed
05:24aDJGerman Car Market Expands 9% in March, Ford Says
05:16aDJPFIZER : to Cease Vaccine Sales Business in China
Dynamic quotes  
ON
| OFF