Should the data available to the PHBCA
change or the PHBCA
's underlying assumptions prove incorrect, actual results or developments may vary materially from those expected by the PHBCA
The 10 PHBCA companies that were listed in IBD's survey are Beazer Homes USA (NYSE: BZH), Centex Corporation (NYSE: CTX), D.
The strength of the nation's large public builders is rooted in their ability to control land and increase market share, while offering an array of housing products that accommodates the demands of different demographic groups from first-time homebuyer to active adults" said Fred Cooper, treasurer of the PHBCA.
The 10 PHBCA
companies named to the Barron's 500 list were Beazer Homes USA (NYSE: BZH), Centex Corporation (NYSE: CTX), D.
In fact, on average, PHBCA members have achieved a five year, compounded annual earnings per share (EPS) growth rate of more than 30 percent.
If growth slows in the homebuilding industry, PHBCA members can more easily shift their growth strategy than small builders due to diversity in product, pricing and geography developed over the past decade.
For those concerned that rising interest rates could cause a sharp decline in home prices, the PHBCA notes that home appreciation rates nationally since 1995 have been driven by fundamentals.
Ongoing improvements to expect from the PHBCA Web site include:
The PHBCA member companies currently build homes in 37 states across the country and delivered over 225,000 new homes in 2003, or more than 20% of all new homes sold in the U.
PHBCA member companies are Beazer Homes USA, Centex Corporation, D.
member companies are optimistic that 2004 will be another strong growth year for the public builders even in this uncertain interest rate climate.