InvestorsHub Logo
Followers 77
Posts 7231
Boards Moderated 0
Alias Born 01/16/2005

Re: None

Thursday, 06/09/2005 9:22:40 AM

Thursday, June 09, 2005 9:22:40 AM

Post# of 173790
IPII...Florida's housing construction is still strong. This was taken from Nobility Homes earnings release which just came out. They're located in Florida and reported record sales & earnings...

"Overall, most construction materials have increased or fluctuated widely in price over the past year with little price stability in sight. Management is optimistic for the remainder of fiscal 2005, convinced that our specific geographic market is one of the best long-term growth areas in the country and because of the strong operating leverage inherent in the Company. With an improving economy, declining unemployment claims, and increasing but still low interest rates in 2005, management expects the demand for our homes to improve. Increased demand should also result from building replacement homes due to last year's hurricanes."
http://biz.yahoo.com/prnews/050609/flth006.html?.v=14




The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.