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	<title>Stock Blog Hub &#187; Apartment Investment &amp; Management Company</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(EQR) Equity Residential Second Quarter Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2011/08/05/eqr-equity-residential-second-quarter-earnings-scorecard/80760</link>
		<comments>http://www.stockbloghub.com/2011/08/05/eqr-equity-residential-second-quarter-earnings-scorecard/80760#comments</comments>
		<pubDate>Fri, 05 Aug 2011 17:53:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=80760</guid>
		<description><![CDATA[Equity Residential (EQR) reported funds from operations (FFO) of $180.7 million in second quarter 2011 compared with $175.1 million in the year-ago quarter. FFO per share in the reported quarter remained flat year over year at 58 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding one-time items, FFO in the second quarter stood at $186.7 million or 60 cents per share compared with $175.2 million or 58 cents per share in the year- ago quarter. Reported FFO was in line with the Zacks Consensus Estimate. We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate revisions and the Zacks ratings for the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AVB) Avalonbay Communities Buys Rockville Townhomes</title>
		<link>http://www.stockbloghub.com/2011/06/30/avb-avalonbay-communities-buys-rockville-townhomes/78059</link>
		<comments>http://www.stockbloghub.com/2011/06/30/avb-avalonbay-communities-buys-rockville-townhomes/78059#comments</comments>
		<pubDate>Thu, 30 Jun 2011 20:44:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[Avalonbay Communities Inc.]]></category>
		<category><![CDATA[AVB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78059</guid>
		<description><![CDATA[Avalonbay Communities Inc. (AVB), a leading multifamily real estate investment trust (REIT), has recently expanded its portfolio with the acquisition of Yale Village Townhomes in Rockville, Maryland for $49.5 million. The purchase price for the 210 rental townhomes equates to about $235,700 per unit. The acquired property is strategically located between the Rockville and Shady Grove Metro stations in close proximity to  the Montgomery College. The townhouses, with an average unit size of 1,700 square feet, contain full-size washer and dryer units, wall to wall carpeting, and a separate dining room. In addition, a clubhouse and a gymnasium were added to the site in 2010. The continuous acquisition binge of Avalonbay is primarily due to improving multifamily apartment fundamentals. The national homeownership rate has plummeted to 66.5% during first quarter ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/30/avb-avalonbay-communities-buys-rockville-townhomes/78059/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIV) Apartment Investment and Management Company Earnings Scorecard</title>
		<link>http://www.stockbloghub.com/2010/05/23/aiv-apartment-investment-and-management-company-earnings-scorecard/37888</link>
		<comments>http://www.stockbloghub.com/2010/05/23/aiv-apartment-investment-and-management-company-earnings-scorecard/37888#comments</comments>
		<pubDate>Mon, 24 May 2010 04:29:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[Post Properties Inc.]]></category>
		<category><![CDATA[PPS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37888</guid>
		<description><![CDATA[Apartment Investment and Management Company (AIV) or Aimco, as the real estate investment trust (REIT) is popularly known, reported fiscal 2010 first quarter FFO (funds from operations) of 32 cents per share that exceeded the Zacks Consensus Estimate by 2 cents. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Below we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the short term and long term outlook for the stock. Earnings Report Review During first quarter 2010, Aimco had a weighted average ownership of 92% in the conventional real estate portfolio. Same-store revenue in the conventional portfolio decreased $3.1 million or 1.8%, primarily ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIV) Apartment Investment and Management Company Reports Modest Results</title>
		<link>http://www.stockbloghub.com/2010/02/05/aiv-apartment-investment-and-management-company-reports-modest-results/27213</link>
		<comments>http://www.stockbloghub.com/2010/02/05/aiv-apartment-investment-and-management-company-reports-modest-results/27213#comments</comments>
		<pubDate>Sat, 06 Feb 2010 00:59:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27213</guid>
		<description><![CDATA[Apartment Investment and Management Company, or Aimco (AIV), as the real estate investment trust (REIT) is popularly known, reported fiscal 2009 fourth quarter funds from operations (FFO) of $30.2 million or $0.26 per share compared to FFO loss of $28.9 million or $0.32 per share in the year-ago period. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding the non-recurring one-time items, FFO during the quarter was $0.36 per share. For full-year 2009, FFO before non-recurring items was $1.65 per share which was at the midpoint of the guidance provided by the company. In the conventional real estate portfolio, Aimco had a weighted average ownership of 90%. Average rents in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/05/aiv-apartment-investment-and-management-company-reports-modest-results/27213/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DHI) U.S. Homeownership Rate Falls Again</title>
		<link>http://www.stockbloghub.com/2010/02/02/dhi-u-s-homeownership-rate-falls-again/26810</link>
		<comments>http://www.stockbloghub.com/2010/02/02/dhi-u-s-homeownership-rate-falls-again/26810#comments</comments>
		<pubDate>Wed, 03 Feb 2010 01:10:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26810</guid>
		<description><![CDATA[A smaller percentage of Americans owned their own homes in the 4th quarter of 2009 than at any time since 2000. In the 4th quarter 67.2% of Americans owned their own home, down from 67.6% in the third quarter and two full percentage points below the peak set in the fourth quarter of 2004. As the first graph below shows (from http://www.calculatedriskblog.com/), the homeownership rate rose steadily throughout the late 1960s and 1970s, rising from under 63% in 1965 to just short of 66% by 1980. The super high interest rates needed to slay the inflation dragon took their toll, however, and by the end of 1986, the rate had fallen all the way back to 63.5%. We then spent a decade with the homeownership rate hovering around 64%. In ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/02/dhi-u-s-homeownership-rate-falls-again/26810/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(FNM) Housing and Rental Data</title>
		<link>http://www.stockbloghub.com/2010/01/08/fnm-housing-and-rental-data/24454</link>
		<comments>http://www.stockbloghub.com/2010/01/08/fnm-housing-and-rental-data/24454#comments</comments>
		<pubDate>Fri, 08 Jan 2010 20:29:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Mortgage Investment]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24454</guid>
		<description><![CDATA[Many of the government efforts to help the housing market, such as the Fed buying up fully one quarter of all the mortgage-backed securities backed by Fannie Mae (FNM), Freddie Mac (FRE) and Ginnie Mae, as well as the “first time&#8221; homebuyer tax credit, are designed to move people from being renters to being owners. But while there are some ancillary benefits to neighborhoods of most people owning rather than renting, it really does not solve the problem. What it does is cause there to be a lot of vacant apartments. In addition, a large number of formerly foreclosed-upon houses have been bought up by cash investors who plan on renting out those houses rather than living in them themselves. The net result is that there is a glut of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/08/fnm-housing-and-rental-data/24454/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EQR) Consumer Price Index Rose Moderately</title>
		<link>http://www.stockbloghub.com/2009/12/16/eqr-consumer-price-index-rose-moderately/23011</link>
		<comments>http://www.stockbloghub.com/2009/12/16/eqr-consumer-price-index-rose-moderately/23011#comments</comments>
		<pubDate>Wed, 16 Dec 2009 22:31:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23011</guid>
		<description><![CDATA[The Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) rose by 0.4% in November, following increases of 0.3% in October and 0.2% in September. Relative to a year ago, prices are up 1.8%. That is a big jump from last month, but that is due to big declines in the CPI from a year ago rolling off. Most of the increase in CPI was due to energy prices. Core CPI was unchanged on the month, following back-to-back increases of 0.2% in the prior two months. On a year-over-year basis, core inflation was up 1.7%.  However, going forward, look for the year-over-year rate of core inflation to fall, while the year-over-year headline inflation number will start to increase as the big energy price declines of last winter roll ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/16/eqr-consumer-price-index-rose-moderately/23011/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(F) Consumer Price Index Up on Cars and Energy</title>
		<link>http://www.stockbloghub.com/2009/11/18/f-consumer-price-index-up-on-cars-and-energy/20875</link>
		<comments>http://www.stockbloghub.com/2009/11/18/f-consumer-price-index-up-on-cars-and-energy/20875#comments</comments>
		<pubDate>Wed, 18 Nov 2009 22:30:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Manufacturers - Major]]></category>
		<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[AN]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[AutoNation Inc.]]></category>
		<category><![CDATA[CarMax Inc.]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[KMX]]></category>
		<category><![CDATA[MAR]]></category>
		<category><![CDATA[Marriott International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20875</guid>
		<description><![CDATA[The Consumer Price Index (CPI) for October rose by 0.3%, a little bit hotter than the 0.2% that was expected. If one strips out volatile food and energy prices to get the core consumer price index, prices were up 0.2%, also one tick higher than the 0.1% expected. A rise in energy prices was not unexpected. Heck, one only has to see what the price of crude oil and natural gas have done over the last month or so. For the month, the price of energy rose 1.5% overall. The rise was sharpest among energy commodities, like gasoline and heating oil, which rose by 1.9%. Energy services, like electricity rose a more moderate &#8212; but still steep &#8212; 0.9%. The rise in core consumer prices was a bit more of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/18/f-consumer-price-index-up-on-cars-and-energy/20875/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EQR) Is the Federal Housing Administration Going Broke?</title>
		<link>http://www.stockbloghub.com/2009/10/12/eqr-is-the-federal-housing-administration-going-broke/17378</link>
		<comments>http://www.stockbloghub.com/2009/10/12/eqr-is-the-federal-housing-administration-going-broke/17378#comments</comments>
		<pubDate>Mon, 12 Oct 2009 17:10:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17378</guid>
		<description><![CDATA[This morning’s New York Times has an important article on the Federal Housing Administration. The FHA has stepped in to back up mortgage loans as the private sector has stopped making them. Essentially, it is playing the role of a sub-prime lender, and appears to be making many of the same mistakes the fallen or defunct sub-prime lenders made. For starters, it is allowing people to buy with down payments of only 3.5%. Further, people can use the $8,000 first time homebuyer tax credit for that 3.5%. Buy a house and walk away from the closing with a check in your pocket. The historical record of people who bought houses with the assistance of charitable down payment assistance programs (DAP) is not a pretty one when it comes to default rates. The tax ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/12/eqr-is-the-federal-housing-administration-going-broke/17378/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EQR) Homeownership Rate Falling</title>
		<link>http://www.stockbloghub.com/2009/10/06/eqr-homeownership-rate-falling/16658</link>
		<comments>http://www.stockbloghub.com/2009/10/06/eqr-homeownership-rate-falling/16658#comments</comments>
		<pubDate>Tue, 06 Oct 2009 17:50:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AIV]]></category>
		<category><![CDATA[Apartment Investment & Management Company]]></category>
		<category><![CDATA[DHI]]></category>
		<category><![CDATA[DR Horton Inc.]]></category>
		<category><![CDATA[EQR]]></category>
		<category><![CDATA[Equity Residential]]></category>
		<category><![CDATA[LEN]]></category>
		<category><![CDATA[Lennar Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=16658</guid>
		<description><![CDATA[Coming out of most economic downturns, homebuilding is one of the key locomotives to power the economy. Housing is sort of the ultimate durable good, where during downturns demand builds up, and then has a powerful upward force on the economy as the pent-up demand is released. Given that almost all houses are financed rather than bought with cash, the sector is exquisitely interest-rate sensitive. However, with the rate of home ownership falling, residential investment (RI) will not be a very powerful engine this time around. First, let me present the following graph (from http://www.calculatedriskblog.com) showing that historically what has been one of the key forces behind both going into and coming out of recessions &#8212; it shows the history of housing starts over the last 40 years. Notice that ]]></description>
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