Saving Grace
10月前
In early May, Builders FirstSource (NYSE: BLDR) director Paul Levy bought 500,000 shares for $55.48 million. Dirkson Charles also bought 5,000 shares of BLDR for a cost of $109.67 each, for a total investment of $548,350. Fueling more upside, the company recently authorized a stock buyback for up to $500 million of common stock.
With recent earnings, the company’s EPS of 84 cents missed by 20 cents. However, revenue of $3.7 billion, down 4.9% year over year, did beat by $40 million.
stocktrademan
11年前
$BLDR recent news/filings
bullish
Charts that are focused on long term growth and are not affected by earnings reports
## source: finance.yahoo.com
Fri, 24 Jul 2015 14:06:20 GMT ~ Story Stocks from Briefing.com
[Briefing.com] - Story Stocks from Briefing.com
read full: http://finance.yahoo.com/news/story-stocks-briefing-com-112019114.html
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Fri, 24 Jul 2015 10:03:18 GMT ~ BUILDERS FIRSTSOURCE, INC. Files SEC form 8-K, Other Events
read full: http://biz.yahoo.com/e/150724/bldr8-k.html
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Thu, 23 Jul 2015 22:02:09 GMT ~ Builders FirstSource, Inc. Announces Offering of $750.0 Million of Senior Unsecured Notes Due 2023
[at noodls] - DALLAS, July 16, 2015 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (the 'Company') (Nasdaq:BLDR) today announced that it intends to offer, in a private offering subject to market and other conditions, ...
read full: http://www.noodls.com/view/5976B39EAA1D246027CEB8D97E26C48D04D45615
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Thu, 23 Jul 2015 22:02:09 GMT ~ Builders FirstSource Reports Second Quarter 2015 Results
[at noodls] - July 23, 2015 Second Quarter Adjusted EBITDA Increases 36 Percent to $27.6 Million DALLAS, July 23, 2015 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc. (Nasdaq:BLDR), a leading supplier and manufacturer ...
read full: http://www.noodls.com/view/1F5702A6F863647D99BE1CA5A1B501F437D039C3
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Thu, 23 Jul 2015 21:55:02 GMT ~ Builders FirstSource posts 2Q profit
read full: http://sg.finance.yahoo.com/news/builders-firstsource-posts-2q-profit-215502410.html
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$BLDR charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BLDR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BLDR/company-info
Ticker: $BLDR
OTC Market Place: Not Available
CIK code: 0001316835
Company name: Builders FirstSource, Inc.
Incorporated In: DE, USA
$BLDR share structure
## source: otcmarkets.com
Market Value: $1,384,653,815 a/o Jul 23, 2015
Shares Outstanding: 99,258,338 a/o May 07, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$BLDR extra dd links
Company name: Builders FirstSource, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BLDR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BLDR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BLDR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/news - http://finance.yahoo.com/q/h?s=BLDR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BLDR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BLDR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BLDR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Builders+FirstSource%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Builders+FirstSource%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Builders+FirstSource%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BLDR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001316835&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BLDR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BLDR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BLDR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BLDR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BLDR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BLDR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BLDR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BLDR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BLDR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BLDR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BLDR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BLDR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BLDR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BLDR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BLDR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BLDR
$BLDR DD Notes ~ http://www.ddnotesmaker.com/BLDR
stocktrademan
11年前
$BLDR recent news/filings
bullish
gap up
## source: finance.yahoo.com
Tue, 14 Apr 2015 14:10:33 GMT ~ J.P. Morgan up on earnings beat; Norfolk Southern falls on warning
read full: http://www.marketwatch.com/News/Story/Story.aspx?guid=19D27DC0-E217-11E4-8F55-E13877B2CB48&siteid=yhoof2
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Tue, 14 Apr 2015 13:55:00 GMT ~ Builders FirstSource (BLDR) Stock Hits 52-Week High on ProBuild Acquisition
read full: http://www.thestreet.com/story/13111420/1/builders-firstsource-bldr-stock-hits-52-week-high-on-probuild-acquisition.html?puc=yahoo&cm_ven=YAHOO
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Mon, 13 Apr 2015 20:31:42 GMT ~ US STOCKS-Wall St ends down as earnings worries deepen
read full: http://uk.finance.yahoo.com/news/us-stocks-wall-st-ends-203142709.html
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Mon, 13 Apr 2015 20:29:19 GMT ~ Equities give up early gains (a familiar theme the past two weeks)...
read full: http://finance.yahoo.com/tumblr/blog-equities-give-up-early-gains-a-familiar-theme-the-202921721.html
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Mon, 13 Apr 2015 20:00:00 GMT ~ STOCKS SLIDE INTO THE CLOSE: Here's what you need to know
read full: http://finance.yahoo.com/news/stocks-slide-close-heres-know-200000253.html
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$BLDR charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BLDR company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BLDR/company-info
Ticker: $BLDR
OTC Market Place: Not Available
CIK code: 0001316835
Company name: Builders FirstSource, Inc.
Incorporated In: DE, USA
$BLDR share structure
## source: otcmarkets.com
Market Value: $1,136,474,565 a/o Apr 13, 2015
Shares Outstanding: 98,225,978 a/o Feb 27, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$BLDR extra dd links
Company name: Builders FirstSource, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BLDR+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BLDR+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BLDR+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/news - http://finance.yahoo.com/q/h?s=BLDR+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BLDR/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BLDR+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BLDR
DTCC (dtcc.com): http://search2.dtcc.com/?q=Builders+FirstSource%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Builders+FirstSource%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Builders+FirstSource%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BLDR
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001316835&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BLDR&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BLDR
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BLDR+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BLDR+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BLDR
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BLDR
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BLDR+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BLDR/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BLDR+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BLDR.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BLDR
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BLDR/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BLDR/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BLDR
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BLDR
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BLDR:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BLDR
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BLDR
$BLDR DD Notes ~ http://www.ddnotesmaker.com/BLDR
Emerging Growth
13年前
Strong housing Trends... See the article on BLDR and others here... http://emerginggrowth.com/emerging_growth_stock_picks/builders-firstsource-nasdaq-bldr-more-strong-housing-trends/01/30/2013
In the 1990's, homebuilders began to grow by acquisition, creating large national competitors. It was inevitable that manufacturers and homebuilders also consolidated and experienced the same trend. Builders FirstSource (NASDAQ: BLDR) was born from this industry evolution. Its driving force was the desire to provide professional class building services to the country’s homebuilders and remodelers.
It made its first acquisition in March 1998. Since then, Builders First Source has acquired and integrated twenty-six companies. Completing its initial public offering of its common stock in June 2005, JLL Partners continued to own a majority of the company.
The company offers a broad range of products to help customers with their building effort. It creates wall panels, FSC lumber, engineered lumber, and Energy Star qualified windows and doors. It also manufactures prefabricated structural components such as roof trusses, floor trusses, as well as interior and exterior doors and windows. The company has developed the expertise to tailor its manufactured products to the needs of its market.
In its 2012 third quarter report, sales were $291.8 million, an increase of 34.3 percent when compared to the third quarter of 2011. For the second consecutive quarter, it reported positive Adjusted EBITDA, finishing with $3.0 million for the quarter as compared to an Adjusted EBITDA loss of $0.7 million in the third quarter of 2011. On a year-to-date basis, its Adjusted EBITDA improved from a loss of $11.7 million in 2011 to positive $3.0 million in 2012. Gross margin percentage was 19.8 percent, down from 20.5 percent, a 0.7 percentage point decrease. Specifically, its gross margin decreased 1.5 percentage points largely due to commodity lumber inflation during the quarter relative to fixed customer pricing commitments and was offset by a 0.8 percentage point gross margin improvement due to increased sales volume.
“We are seeing stronger sales trends as the housing market continues to recover, and our recent market share gains have also certainly contributed to our improving sales. Our sales growth and increased operating efficiencies drove the improvement in our financial results for the quarter,” said Builders FirstSource Chief Executive Officer Floyd Sherman.
Its year-over-year sales growth exceeded 30% in each of the past four quarters, and the company currently sees no signs of its sales pace slowing. Consequently, it was prompted to proactively seek additional liquidity to support its higher working capital requirements. It sought for $93 million of incremental liquidity to be provided to enable it continue growing market share and take further advantage of improving demand for housing.
With a market cap of $553 million, Builders FirstSource trades around $6.40 per share. In other words, with plenty of room for growth, increasing revenues, and a low share price compared to its competitors, Builders FirstSource is a great stock pick for investors expecting the economy and the housing industry to continue their upward trend.
Zephyr
14年前
BLDR -- Builders FirstSource Earnings: Higher Expenses Shrinks Margins, Revenues SURGE
Builders FirstSource Inc. ‘s (NASDAQ:BLDR) second quarter loss narrowed due mainly to positive revenue growth. Builders FirstSource is a supplier and manufacturer of structural and related building products for residential new construction.
Builders FirstSource Inc. Earnings Cheat Sheet
Results: Loss narrowed to $12.1 million (loss of 13 cents per diluted share) from $15.5 million (loss of 16 cents per share) in the same quarter a year earlier.
Revenue: Rose 31.7% to $271.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Builders FirstSource Inc. beat the mean analyst estimate of a loss of 5 cents per share. It beat the average revenue estimate of $245 million.
Quoting Management: “We delivered our best operating performance in nearly five years, reporting positive Adjusted EBITDA of $2.1 million for the second quarter, and improving to break-even Adjusted EBITDA June year-to-date,” said Floyd Sherman, Builders FirstSource Chief Executive Officer. “Our second quarter sales grew 31.7 percent compared to the second quarter of 2011. Over the same time period, actual single-family housing starts in the South Region increased 21.3 percent while single-family units under construction increased 1.5 percent. Our topline growth far exceeded the increase in residential construction activity, and we met our primary goal for the quarter of getting back to positive EBITDA.”
Key Stats:
Revenue has increased for four quarters in a row. Revenue increased 34.7% to $219.4 million in the first quarter. The figure rose 31% in the fourth quarter of the last fiscal year from the year earlier and climbed 20.4% in the third quarter of the last fiscal year from the year-ago quarter.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 3 cents in the first quarter and by 2 cents in the fourth quarter of the last fiscal year.
Looking Forward: The average estimate for the third quarter is steady at 5 cents a share. For the fiscal year, the average estimate has moved from a loss of 36 cents a share to a loss of 27 cents over the last sixty days.
Zephyr
14年前
$BLDR Dir GRAFF Buys 59,837 Of BUILDERS FIRSTSOURCE INC >BLDR
SOURCE: Form 4
ISSUER: BUILDERS FIRSTSOURCE INC
SYMBOL: BLDR
FILER: GRAFF MICHAEL
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
5/7/12-5/9/12 Purchase 59,837 $3.93 $235,189
OWNERSHIP: 24,673,744 (Indirect)
The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
May 09, 2012 20:18 ET (00:18 GMT)
051012 00:18 -- GMT
Zephyr
14年前
$BLDR Holder WARBURG PINCUS Buys 59,837 Of BUILDERS FIRSTSOURCE >BLDR
SOURCE: Form 4
ISSUER: BUILDERS FIRSTSOURCE INC
SYMBOL: BLDR
FILER: WARBURG PINCUS PRIVATE EQUITY IX LP
TITLE: Beneficial Owner
DATE TRANSACTION SHARES PRICE VALUE
5/7/12-5/9/12 Purchase 59,837 $3.93 $235,189
OWNERSHIP: 24,673,744 (Direct)
The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
May 09, 2012 20:25 ET (00:25 GMT)
051012 00:25 -- GMT
Zephyr
14年前
$BLDR Dir BARR Buys 59,837 Of BUILDERS FIRSTSOURCE INC >BLDR
SOURCE: Form 4
ISSUER: BUILDERS FIRSTSOURCE INC
SYMBOL: BLDR
FILER: BARR DAVID A
TITLE: Director
DATE TRANSACTION SHARES PRICE VALUE
5/7/12-5/9/12 Purchase 59,837 $3.93 $235,189
OWNERSHIP: 24,673,744 (Indirect)
The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
Insider Data Source: The Washington Service
(info@washingtonservice.com or 301-913-5100)
(END) Dow Jones Newswires
May 09, 2012 20:24 ET (00:24 GMT)
051012 00:24 -- GMT
Zephyr
15年前
May 2011 U. S. Economic and Housing Market Outlook
Better, But Still Not Good Enough
MCLEAN, Va., May 11, 2011 /PRNewswire via COMTEX/ -- Freddie Mac (FMCC) released
today its U.S. Economic and Housing Market Outlook for May showing a pick-up in
economic growth in the second half of 2011 but with unemployment lingering above
8 percent through year-end. A large number of workers unemployed for a long
period remains the predominant force behind seriously delinquent rates on
mortgages.
Outlook Highlights
Over 250,000 new jobs needed monthly, on a sustained basis, to reabsorb all the
jobs lost since the recession.
Unemployment rate moves up to 9 percent; average unemployment duration was 38.3
weeks in April, down slightly from the record of 39 weeks in March.
The rate of seriously delinquent mortgages (8.6 percent average) will likely
trend lower during 2011, but continue to remain at extraordinarily high levels
for an extended period.
During the first quarter of 2011, home prices decreased by 2.8 percent
nationwide.
Positive signs: homebuyer affordability remains extraordinarily high, mortgage
rates low, house prices are well off their cyclic peak and contract signings for
existing home sales are up.
Projecting a 5 percent increase in 2011 home sales over 2010, on a calendar year
basis.
Click here to view the complete May 2011 U.S. Economic and Housing Market
Outlook. Freddie Mac compiles data on major economic and housing and mortgage
market indicators and offers forecasts based on those indicators.
Quotes
Attributed to Frank Nothaft, Freddie Mac, vice president and chief economist.
"While the labor market is moving in the right direction, it still has a long way
to go before the unemployment rate moves sharply lower. And ditto for seriously
delinquent rates on mortgages."
Get the latest information from Freddie Mac's Office of the Chief Economist on
Twitter: @FreddieMac
Freddie Mac was established by Congress in 1970 to provide liquidity, stability
and affordability to the nation's residential mortgage markets. Freddie Mac
supports communities across the nation by providing mortgage capital to lenders.
Over the years, Freddie Mac has made home possible for one in six homebuyers and
more than five million renters.
SOURCE Freddie Mac
Copyright (C) 2011 PR Newswire. All rights reserved