NEW YORK--(BUSINESS WIRE)--After an uneven and generally disappointing 2014, factors like improved demographics and attractive affordability should sustain and ultimately accelerate the upturn for U.S. housing in 2015, according to Fitch Ratings.
Fitch expects stable ratings for most issuers within the homebuilding sector during 2015, as the economy grows at a healthy, consistent pace. There is a potential for some positive rating actions, if the housing recovery performs as expected. Of course, financial performance will vary among issuers, reflecting customer, geographic and product strengths.
Fitch will be discussing this and other market and competitive trends during its quarterly housing and homebuilder conference call, to take place tomorrow afternoon at 2PM ET.
The focus of the conference call will be to discuss third quarter-2014 (3Q'14) and more recent housing data, as well as Fitch's outlook for the U.S. housing sector and expectations for public homebuilders. Managing Director and lead Homebuilding Analyst Robert Curran will be the call leader and provide insights about the outlook for year 2015, as well as give a brief sector recap for 3Q'14. Robert Curran and Robert Rulla will answer questions after the formal presentation
Following are details of the teleconference:
--Date: Friday, January 23, 2015
--Time: 2:00 p.m. ET
--Conference ID: 72331251
--U.S./Canada: +1- 877-819-0869
--International: +1- 706-902-0405
--Call Leader: Robert Curran
--Replay Dates: Jan. 23, 2015-Feb. 22, 2015
--Replay ID: 72331251
The conference call follows the release of Fitch's 'U.S. Homebuilding: The Chalk Line - Quarterly Update: Winter 2014/2015', 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