Eco Building Products Inc. (fka ECOB)

[Turkey Red]

US housing starts rose to 717,000 in April
CHRISTOPHER S. RUGABER - AP - 2 hrs 14 mins ago

Construction workers build an apartment complex in Lawrence, Kan., Wednesday, May 16, 2012. U.S. builders started work on more homes and apartments last month and requested more permits to build...
WASHINGTON (AP) — U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.

The Commerce Department said Wednesday that builders broke ground in April at a seasonally adjusted annual pace of 717,000 homes. That's a 2.6 percent increase from an upwardly revised March figure and near January's three-year high of 720,000. Construction rose for both single-family homes and apartments.

Building permits, a gauge of future construction, fell last month from a 3 ½ year high to a seasonally adjusted annual rate of 715,000. But that was because of a 23 percent drop in the volatile apartment category. Permits for single-family homes rose almost 2 percent.

Even with the gains, the rate of construction and the level of permits requested remain roughly half the pace considered healthy. But the increase, along with rising builder confidence and stronger job growth, is a hopeful sign that the home market may finally be starting to recover nearly five years after the housing bubble burst.

"We continue to believe that the bottom has been put in for housing ... and while improvement will not be vicious nor rapid, improvement it still will be," said Dan Greenhaus, chief economic strategist at BTIG, an institutional brokerage.

Builders have grown more confident since last fall, in part because more people have expressed interest in buying a home. In May, builder optimism rose to the highest level in five years, according to the National Association of Home Builders/Wells Fargo builder sentiment index.

Homebuilders reported improving sales and higher traffic from prospective buyers, the survey showed. A gauge measuring confidence in sales over the next six months also increased.

Recent job gains have likely made it easier for more Americans to purchase a home. Employers have added 1 million jobs in the past five months. And unemployment has dropped a full percentage point since August, from 9.1 percent to 8.1 percent in April.

Mortgage rates, meanwhile, have fallen to record lows, making home-buying more affordable. Still, many would-be buyers are having difficulty qualifying for home loans or can't afford larger down payments required by banks.

Though new homes represent just 20 percent of the overall home market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.

There are some hurdles to a smooth recovery: Builders are struggling to compete with deeply discounted foreclosures and short sales — when lenders allow homes to be sold for less than what's owed on the mortgage.

Another reason sales have fallen is that previously occupied homes have become a better deal than new homes. The median price of a new home is about 30 percent higher than the median price for a re-sale. That's nearly twice the markup typical in a healthy housing market.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[Rob~daBanca]

You are correct dade ; )
There is bid support at the .071 .075 range of over 50 K

[dade]

late filings are typical, it is a five day - or so - extension. My guess is, they will release on Friday - & I hope to see some PR's between now & then. But - I don't expect much movement on this quarterly. I'm hoping for at least +1.5million in Rev's - It's my understanding buyer @ .075ish is strong so I'm curious to see how this quarterly will test support & resistance

[Turkey Red]

GO!!!!!!!please

[dade]

Housing Starts are UP
GO ECOB

[Turkey Red]

This cannot be good for us. I am tempted to buy more, but am so sick of waiting for real progress.

[dade]

NT-10Q / late filing / S.O.P. / We see 1Q numbers this Friday or Monday. imo

[dipaola]

people are interested .... just waiting till they deliver

[Turkey Red]

Dade this stock is making or has made me loco!

[dade]

Its happening. We have genuine existing interest and support from / capitol management / boutique / market maker firm / 's.

[Rob~daBanca]

Need uplisting and a much higher PPS Dade to pull that off.

[dade]

A.D. is courting Institutional / Type / Investor / 'S

[Rob~daBanca]

If Arthur Douglas & Associates does there job well we will get that awareness soon.

[Stockadamus]

Just noticed news just came out 5/09/12 just reading it quickly looks like they are doing good another contract. I'll throw in a few hundred to test it out. If this company gets more attention can see the PPS move up. IMHO

[Turkey Red]

Just a little news. Pretty good volume. The atmosphere is getting ripe!

[Stockadamus]

Just needs some News and we have potential to see $0.15 +

[Rob~daBanca]

Run Forrest Run!!

[Rob~daBanca]

nice Volume and buying lately. Could go : )

[cameron86]

Let's break that 10!!!

[Rob~daBanca]

Nice Dade, Steve needs to send you a check once in awhile. LOL How long you been running this board?

[Turkey Red]

http://www.smallcapnetwork.com/About-to-Get-Hotter-Small-Cap-Stocks-With-News-Eco-Building-Products-ECOB-Fibrocell-Science-FCSC-Bayfield-Ventures-Corporation-BYV/s/via/3414/article/view/p/mid/1/id/636/

Found this. Nothing spectacular

[Turkey Red]

By year's end we all should be smiling. I am ready for the uphill hike.

[Gerryuk]

Good to read all the positive ECOB vibes lots of “nods & winks “ about potential deals & funding etc – did have a chuckle reading the yahoo message board posts – not just one poster operating incognito me thinks !

Hopefully 10Q will shed some light on the way ahead – that latest CRP report did not volunteer any opinions but were paid “forty-two thousand, five hundred U.S. dollars and two hundred fifty thousand warrants for its services in creating this report, for updates, and for printing costs. “

Lest we forget: This is what the company said in February 2012!

http://ih.advfn.com/p.php?pid=nmona&article=51071048


Good luck everyone!

[dade]

It's coming, - we realize a 8 or 9 digit revenue job and it could even happen overnight.

story today re: Haiti, nice to see they have realized a resource & industry. Lets hope the Haitian government spools this up properly and directs and governs it responsibly.

I also saw a program last night regarding gold mining in Columbia - GorillaGold iirc - it basically covered how decades of civil unrest and the high demand of profitable illicit crops / cocoa / left natural resources / mining / undiscovered.... and now the guerrillas are mining or extorting miners in a basically unregulated wild wild west of mining...

http://today.msnbc.msn.com/id/47398045/ns/world_news-americas/

anyway good to see hope for the Haitian people. Hope they make lots of money and buy lots of ECOB houses :)

[Rob~daBanca]

22 Pr's since the beginning of the year. Would be nice if one of them had an impact on the PPS.

[Turkey Red]

When the PR? Sounds great!

[Rob~daBanca]

Schlep with the info.
Welcome to IHUB buddy ; )

[dipaola]

I hear....

Saudi deal is for them to become an affiliate where they build and maintain a facility in the region. They may possibly purchase 1700 homes also... IF they purchase the homes that is the game changer...500 million deal - not all at once.

Ghana most likely is dead since the local election is coming in less then 6 mos and most govt contracts are restricted within that time due to the coming election.

Small financing deal is almost completed in US (paperwork)... In this credit market this is fantastic news.

Coding came back with questions that needed answers... overall it passed. Expect some more time for announcement.

[Rob~daBanca]

Anybody tell me when WDCO showed up on L2?

[dipaola]

Home Depot wants them but on their terms not ECOB's. Right now they are selling wood for only 10% mark up. The wood should be seeling for 25 or 30% markup. This will make them more profitable in the long run. Right now 10% is just so people can see the product work. Once demand increases they will be going back to the home depots...really this is the last thing they want right now.

[Rob~daBanca]

Back when it was Eco Blu Wood it was on the shelves in Lowes.
Not sure now but Dade would Know
http://investorshub.advfn.com/boards/replies.aspx?msg=49279670

[Stockadamus]

ECOB - get a big name contract !

Home Depot or Loews to carry Eco Red Shield even a few test locations and see how consumers would react. ECOB has potential if advertised properly.

[Turkey Red]

Hey man,

What are you writing about? Please let me understand. What is ESPO? What guys in FLA? Who is a convicted felon?

[Rob~daBanca]

Who sells $82 worth of shares at 10% below the last trade?
Think I know the answer. LOL When the BS is done here she gonna rock to the .30's.

[Dr DowJonesJr]

good call there papi now I can get in.

[dade]

Independent Equity Research ///May 2012

http://www.crystalra.com/research-library/eco-building-products-inc/

[dade]

Are you ready to see?.....

[Rob~daBanca]

Thanks for the response, Missed that one ; )

[dade]

A member here wrote an email steve ... got a response like ... 'when i get back from Saudi - i will look into it". i have heard chatter that Steve was in Saudi - work was proposed and is being considered and also have heard reliably that work in Ghana is being considered.

We also heard of work being seriously considered in Jamaica

Four of the Company’s affiliates are particularly notable due to their proximity to ports, which facilitate shipment of wood products for Caribbean and African projects. These are Structural Technologies, LLC in Doswell, Virginia; EcoPrime, LLC in Augusta, Georgia; Mid-state Truss Company in Lakeland, Florida; and Guthrie Lumber & Distribution Centers, Inc. in Austin, Texas.

Additionally, Eco Building has an affiliate in British Columbia, Canada, with future plans to penetrate the Canadian market. The Company is also considering opening a manufacturing facility in Kingston, Jamaica, to help build housing for Haiti and the local Jamaican market as well as other offshore efforts if a favorable tax and duty climate is created for Eco Building in Jamaica.

[Rob~daBanca]

What area oversea's has Steve been focusing on Dade?

[dade]

Domestic sales will kick off with coding. I have to believe once we are qualified we will see much more sole sourced specified work from builders architects and educated end users. I would think that the expectation of domestic sales representation will also shift gears - I would like to see a sales force; consisting of personalized regional / territorial representation.

but all of this domestic hubbub maybe mute. one substantial deal / oversee's / we have heard chatter of will be a game changer, leaving the big box home builders scratching their heads in disbelief as we just redefined the industry. - imo

[ripster]

And you understand that the guys in San Antonio can buy ECOB wood at Guthrie's out of their Austin facility?

Have them call Guthrie's to get some details.

[Dr DowJonesJr]

Let's see what ECOB is all about..

[Stockadamus]

ECOB - Teraz

[Rob~daBanca]

Good points Meen green, the big demand will come when the clients start demanding it. We green thoughts

[Turkey Red]

Not a bad contract size! Can't wait until he has ten or twenty or a hundred of these going all at once!

I am in San Antonio, and when I see the new construction happening here, one of America's best economies, and the wood is not ECOB red, it just kills me. I have speoken to some contractors and they seem interested, but do not act on that interest.

Texas is not envormentally friendly at all! Fracking is going to kill the water and most of these cowboys could not be bothered to improve their ways in any way it seems. Austin is the only haven of open mindedness in this state, the most polluted of all states.

BUT, California, now that is a differnet story! People in Cali are ready to embace change.

We need some jobs being sold in other states like Oregon and Connecticut and New York. Place with brains will embrace this wood.

Bottom line, we got a 1/3 million dollar contract today boys!

[cameron86]

I'm ready..

[Rob~daBanca]

Looking good here Dade. Maybe we break out over .10 soon.

[dade]

"It is an amazing year as we prove our business model and overcome the hurdles of change by educating those that do not understand what it takes to build a foundation before you push into all markets," added Conboy.

http://m.prnewswire.com/news-releases/eco-building-products-receives-contract-to-build-multi-story-project-named-the-post-legion-hall-and-apartments-located-at-imperial-beach-california-150755045.html

This project is scheduled to kick off in July2012;
I have to think that Steve has been sitting on this release, given <60 days to mobilize.
So, I'm optimistic & hope we are going to see more releases... building to the benchmarks we are clamoring for like; Financing, Coding, & large offshore contracts we have speculated about....

!!!GO ECOB!!!

[BobFav]

Just talking on an absloutely blah day