We are pleased to see that the national trends in the homebuilding industry coincide with our sales growth at Bentley Homes. This is great article to read as we review our business in 2011.
HOMEBUILDER CONFIDENCE EDGES UP
By Harvey Global
A positive report from the U.S. Commerce Department and encouraging news from Europe help turn the tide in the stock market early in the week and the National Association of Home Builders expects the news will lift sentiment for a third consecutive month. Builders saw a marked increase in business in November, beginning construction on 9.3% more homes than in October and 24.3% more on the year. Building permits were also up, and stocks tied to the industry are performing well with good upside potential. Some companies enjoying the climb are homebuilders D.R. Horton, Lennar Corporation, Beazer Homes and Standard Pacific. For more on this continue reading the following article from TheStreet or at http://www.nuwireinvestor.com/articles/homebuilder-confidence-edges-up-58482.aspx.