NEW YORK--(BUSINESS WIRE)--Recent struggles within the U.S. government, tight credit standards and higher prices and interest rates will serve to moderate housing growth rates during the balance of 2013 and into 2014, according to Fitch Ratings.
Housing is still relatively early in its cyclical recovery with the up-cycle likely to last at least through 2014 (barring an economic recession). The large public builders are taking advantage of the increased demand and where possible pricing aggressively - to the advantage of market share and margins. During the past year these companies have typically tapped capital markets, extending debt maturities and expanding their liquidity to support robust land and development activities. Fitch will be discussing this and other market and competitive trends during its quarterly housing and homebuilder conference call, to take place Monday morning at 11 AM ET.
The focus of the conference call will be to discuss second quarter-2013 (2Q'13) and more recent housing data, as well as Fitch's outlook for the U.S. housing sector and public homebuilders. Managing Director and lead Homebuilding Analyst Robert Curran will be the call leader and provide insights about the outlook for 2013 and 2014, as well as give a brief sector recap for 2Q'13 and expectations for 2H'13. Robert Curran and Robert Rulla will answer questions after the formal presentation.
Following are details of the teleconference:
--Date: Monday, October 21, 2013
--Time: 11:00 a.m. ET
--Conference ID: 89032007
--Participant Dial-In Number: +1-877-819-0869
--Call Leader: Robert Curran
--Replay Dates: Oct. 21, 2013 - Nov. 20, 2013
--Replay ID: 89032007
The conference call follows the release of Fitch's 'U.S. Homebuilding: The Chalk Line - Quarterly Update: Fall 2013', which is available at 'www.fitchratings.com' or by clicking on the link at the end of the press release.
Additional information is available at 'www.fitchratings.com'
Applicable Criteria and Related Research:
U.S. Homebuilding/Construction: The Chalk Line Fall 2013