NEW YORK–(BUSINESS WIRE)–The stage seems set for some mild improvement for U.S. housing industry metrics in 2012, according to Fitch Ratings, which will host a teleconference tomorrow morning at 11:00 a.m. ET.
Most recent economic and construction statistics were positive or at least above consensus expectations. The majority of public homebuilders figure to be profitable for the seasonally strong calendar fourth quarter (excluding noncash real estate charges), due to higher volume and less challenging operating and financial comparisons.
Fitch has updated construction forecasts for 2012 and is projecting a modest improvement for housing off a very low bottom.
The focus of the conference call will be to discuss third quarter and more recent housing data, as well as Fitch’s outlook for the U.S. housing sector and public homebuilders. The conference call follows the release of Fitch’s ‘U.S. Homebuilding: The Chalk Line – Quarterly Update: Winter 2011/2012′, which is available on Fitch’s website at ‘www.fitchratings.com‘.
Managing Director and lead Homebuilding Analyst Robert Curran will be the call leader and provide insights about the full year outlook for 2011 and outlook for 2012, as well as give a brief sector recap for third quarter-2011. Director Robert Rulla and Robert Curran will answer questions after the formal presentation.
Following are details of the teleconference:
–Date: Wednesday, Jan 18
–Time: 11:00 a.m. ET
–Conference ID: 44479820
–U.S/Canada: +1-877-819-0869
–International: +1-706-902-0405
–Call Leader: Bob Curran
Replay information:
–Replay Dates: Jan. 18, 2012, 12:00 p.m. ET – Feb. 18, 2012 at 11:59 p.m. ET
–U.S./Canada: +1-855-859-2056
–International: +1-404-537-3406
–Replay ID: 44479820
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