Beazer Homes Inc. (BZH)

[Zephyr]

10:11:14 Housing Starts Help Lift Builder Stocks


10:11 (Dow Jones) A rebound in housing starts in March helps lift every
major home-builder stock into positive territory, showing it doesn't take much
to give worn-down builders a boost. Report's brightest part -- a big jump in
building permits, 11.2% vs expected 3% increase. Still, a sober assessment from
Credit Suisse: "Single-family permits are still hovering near cycle lows and on
par with the depressed levels that have prevailed since the end of the tax
credit last May." Also remember that builders' confidence fell again in latest
reading, and no one's declaring the spring selling season a success. PulteGroup
(PHM) up 3.8%; Ryland (RYL) rises 3.1%; Lennar up 2.5%.
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04-19-11 1011ET

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10:11 041911