no, i called it to end last quarter. most of builders reporting so far had "inline quarters" so as far as i am concerned first quarter was the last of outperformance for builders.
ROFL! The homebuilders had blowout quarters. And new home sals numbers: "Sales of New Homes Hit Record Level in June" "Sales of new homes soared to an all-time high in June as the red hot housing market kept sizzling. The Commerce Department reported that single-family home sales jumped to a record annual pace of 1.37 million units in June, up 4 percent from May." ---------------- LMAO. How the hell do people get it so wrong? Housing is crashing...last Q was the top, no no this Q is the top, no wait next Q............
where are these blowout quarters? everybody guiding in line, and its all on homes they only took deposits on and treat as sold.
bottom line is this, builders are not blowing out the numbers anymore. at best we get the gap and crap scenario with no volume follow through on the long side whatsover.
Pulte Splits Stock, Lifts Outlook Pulte Homes (PHM:NYSE - news - research) had a host of news after the close Wednesday, posting solid earnings growth, lifting its full-year forecast, setting a stock split and boosting its quarterly dividend. Second-quarter earnings rose to $304 million, or $2.30 a share, from $187.6 million, or $1.45 a share, last year. Consolidated revenue for the quarter climbed to $3.3 billion, an increase of 31% over the prior year's $2.5 billion. Also, Pulte raised its 2005 earnings guidance for continuing operations to a range of $10 to $10.50 a share and declared a 2-for-1 stock split. Additionally, Pulte plans to increase its quarterly dividend by 3 cents, to 8 cents a share, on a presplit basis. The quarterly dividend will be 4 cents after the split. The homebuilder's backlog value rose 24% to $7.8 billion, while its unit backlog was up 17% to 23,351 homes. Analysts surveyed by Thomson First Call expected earnings of $2.09 a share and revenue of $3.1 billion for the second quarter. For the year, Wall Street is looking for a profit of $10.13 a share.
Analysts surveyed by Thomson First Call expected earnings of $2.09 a share and they came in at $2.31...thats not a blowout????????????????????????????????????????????????????????????????????????????????????????????? And its obvious Copernicus has no idea what he's talking about.
He's a another "non Blowout" by homebuilder: Ryland Group (RYL:NYSE - commentary - research) reported the company's highest second-quarter consolidated earnings, revenue, new orders and backlog in its history, and the California-based homebuilder raised its forecast for the year. The company earned $104.3 million, or $2.10 a share, for the quarter ended June 30, up from $76.5 million, or $1.51 a share, for the same period a year ago. Consolidated revenue of $1.2 billion rose 26.3% from $918.5 million last year. Ryland posted 4,988 new orders for the quarter and 4,038 closings. The company's backlog was 10,534 units, up 17% from the prior year, with a dollar value of $3.1 billion. Revenue Climbs at Ryland ---------- Like I said, how dumb do you have to be to not see the obvious?
Not its not a blowout... who cares about this quarter.. we already knew it would be strong.. this was priced in via TOL and other homebuilders that all beat expectations.. here is the main thing.. "Also, Pulte raised its 2005 earnings guidance for continuing operations to a range of $10 to $10.50 a share. "For the year, Wall Street is looking for a profit of $10.13 a share." -- That is not a blowout!