LAST YEAR WAS A DREADFUL YEAR for t...

LAST YEAR WAS A DREADFUL YEAR for the U stock market and corporate earnings. However, earnings and stock valuations for publicly traded family circle builders performed quite well, reflecting near gains in market share as well as germination in net profit per house. Many smaller builders also stationed increases in profit margins despite the recession.

PROFIT PATTERNS

In January, the NAHB managemented a survey of about 400 single-family family builders to find out for what cause profit margins (per house) had changed