All Posts Tagged With: "PCL"
(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and...
(DHI) U.S. Housing Starts Slip Less Than Expected
We got some fairly good news on the housing front this morning. Housing Starts fell in September to a seasonally-adjusted annual rate of 628,000 from 630,000 in August, a drop of 0.3%. But the number was much better than the expected level of 603,000. However,...
(DHI) U.S. New Home Sales Move Down Slightly
New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%.
While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July...
(DHI) U.S. Housing Starts Down – Permits Up
Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the...
(DHI) U.S. Housing Starts and Building Permits Rise
Housing Starts rose in June to a seasonally-adjusted annual rate of 629,000 from 549,000 in May, an increase of 14.6%.
However, the May numbers were revised lower from 560,000, so it is possible to see the increase as 69,000, or 12.3%. Relative to a...
(HCP) REIT Industry & Stock Outlook – June 2011 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry has sustained the improving trend this year, driven by a largely increased inflow of funds as institutional investors allocated more capital to the industry. This has helped the group generate market-beating returns.
The...
(DHI) U.S. New Housing Starts and Permits Rise
Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative...
(BOBE) U.S. Housing Starts Plunge Yet Again
Housing Starts plunged in February to a seasonally-adjusted annual rate of just 479,000 from 618,000 in January, a drop of 22.5%. As a small silver lining, the January numbers were revised higher from 596,000, so it is possible to see the decrease as 117,000, or “just”...
(HCP) REIT Industry Outlook – February 2011 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry continued its growth momentum in fiscal 2010 with sustained improvements in the economy, driven by a spurt in real estate fundamentals and an increased inflow of funds as institutional investors have allocated more capital...
(DHI) Multi-family Housing Starts Explode
Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down...
(DHI) U.S. Housing Starts Fall in December 2010 – Permits Up
Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down...
(DHI) U.S. Housing Starts Up, Permits Down
Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%.
Relative to...
(DHI) U.S. Housing Starts Still Weak
In July, Housing Starts rose to a seasonally-adjusted annual rate of 546,000, an increase of 1.7% over the 537,000 rate in June. However, the June rate was revised down from 549,000 so, relative to where we thought we were yesterday, it is a decline of 0.5%....
(PCL) U.S. New Home Sales Rise in June
New Home Sales rose 23.6% in June from May to a seasonally adjusted annual rate of 330,000. However, the May total was revised down sharply from a rate of 300,000 to 267,000. Thus, relative to where we thought we were, the increase was more like 10%.
Relative to a year...
(LEN) U.S. New Home Sales Collapse
Everyone expected that New Home Sales would be weak, but not that weak. In May, new homes were selling at a seasonally-adjusted annual rate of 300,000, 32.7% below the 446,000 rate in April and even 18.3% below the very depressed...
(DHI) U.S. New Home Sales Impress! $$
New Home Sales jumped 14.8% in April to a seasonally adjusted annual rate of 504,000. That easily beat expectations for a rise to 425,000.
Well actually, after the revisions, that would not be a rise. The March numbers were revised sharply higher to...
(PCL) Plum Creek Timber 2010 First Quarter Earnings Scorecard
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2010 first quarter recurring earnings of 47 cents per share that exceeded...
(WMT) National Association of Realtor’s Pending Homes Sales Index Up
The National Association of Realtor’s (NAR) Pending Home Sales Index rose 5.3 percent in March to 102.9 from 97.7 in February, and is 21.15 above March 2009 when it was 85.0. This is on top of a 8.3% increase in February.
The data reflects contracts...
(MFB) Institute for Supply Management Shows U.S. Manufacturing Increasing
The Institute for Supply Management’s (ISM) manufacturing survey rose to a reading of 60.4 from 59.6 in February, an increase of 0.8 points and above the 60.0 reading that was expected. Any reading over 50 indicates that the manufacturing economy is expanding,...
(PCL) U.S. Existing Home Sales Rise in March
Existing Home Sales rose 6.8% in March to a seasonally adjusted annual rate of 5.35 million. That rate is 16.1% higher than the 4.61 million rate of a year ago. The number was slightly better than the consensus expectations of a 5.29 million annual rate.
Existing homes...
(PCL) Plum Creek Timber Company – Analyst Estimates Continue Inching Higher
Plum Creek Timber Co. (PCL)
has a Zacks #2 Rank. Its stock trades at 28.6x 2010 consensus EPS estimates and 26.1x 2011 consensus EPS estimates.
Growth and Income
Analysts...
(LEN) Investors and Homeowners Ask When Will Housing Come Back?
Yesterday we got news that New Home Sales had fallen to their second all-time record low (since the data started in 1963) in a row. With other areas of the economy clearly on the mend (at least for now) the question...
(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits
If you’re not following the money into timberland stocks, you should. Here’s why…
- Timberland has outperformed the S&P 500 since 1910.
- In recent history, timber has outperformed the market significantly. Since 1987, the NCREIF Timberland Index...
12Mar2010 | InvestmentU | 0 comments | Continued
(PCL) Plum Creek Timber Company Beats Marginally
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fourth quarter earnings of $28 million or 17 cents per share, compared to $95 million...
(PCL) Plum Creek Timber Company Beats Estimates
Plum Creek Timber Co. Inc. (PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported third quarter earnings of $19 million or 12 cents per share, compared to $69 million...
(PCL) Overvalued Timber REITs: Why Timber Investing Isn’t What It Used To Be
by David Fessler, Advisory Panelist
Ten years ago, it would be hard to imagine a more...