Credit Suisse Starts Homebuilder Coverage (CTX, DHI, KBH, MDC, NVR, HOV, MTH)

Credit Suisse has issued a new coverage rating systems for its homebuilder universe.  These are some of the calls we saw in the sector:

  • Centex (NYSE: CTX), DR Horton (NYSE: DHI), and KB Home (NYSE: KBH) were all started with “Outperform” ratings.
  • MDC Holdings (NYSE: MDC) and NVR (NYSE: NVR) were both started as Neutral.
  • Hovnanian (NYSE: HOV) and Meritage Homes (NYSE: MTH) were started as “Underperform.”

We’ll follow up if we see any of the other calls in the sector out of Credit Suisse.
Jon C. Ogg
June 24, 2008

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.