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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (49226)	1/9/2006 1:44:25 PM
From: ild	Read Replies (1) of 110194

1:40pm 01/09/06 Homebuilders surge on relief rally: analyst (TOL, WLS, HOV, CTX, MDC, BHS) By John Spence BOSTON (MarketWatch) -- Homebuilder stocks were in rally mode Monday as shares of Toll Brothers Inc. (TOL) gained 6.1% to $39.51, William Lyon Homes (WLS) added 10% to $112.54, Hovnanian Enterprises Inc. (HOV) was up 5% to $54.30 and Centex Corp. (CTX) gained 5.7% at $78.23. "Investors got negative on the builder group at the end of 2005, and this looks like a relief rally that the sky isn't falling," said Bill Mack, equity analyst at Standard & Poor's. He said there was negative sentiment on the stocks last week after M.D.C. Holdings Inc. (MDC) and Brookfield Homes Corp. (BHS) reported lower new-home orders, but noted the weakness was confined to specific regions such as Arizona and the Washington, D.C. area. "Investors who were apprehensive about buying at the end of the year are now pulling the trigger as rates are still low, the economy appears solid and the Fed may soon stop raising rates," said Mack.

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