News Release
November 17, 2004
HomebuilderStocks.com Exclusive Article: Unified Building Codes Offer Nationwide Growth Opportunities for Homebuilding Sector
POINT ROBERTS, WA. November 17th, 2004 – www.HomebuilderStocks.com (HBS a global investment research portal for the homebuilder sector, is pleased to feature an exclusive article, “Unified Building Codes Offer Nationwide Growth Opportunities for Homebuilding Sector”. The article discusses recent building code developments in the US which open the door for manufacturers and top national homebuilding companies to reap the benefits of economies of scale due to greater building material standardization.
So how does this affect the homebuilding sector? “More of the larger companies, like Centex, Pulte Homes, and DR Horton, who are clearly gaining market share, explained Robert Curran, Senior Director with Fitch Credit Ratings, are looking to standardise more of their business. They look for suppliers who fit into the broad standardisation issue, geographically speaking. Company management are always emphasizing scale issues in conference calls.”
HBS current list of public companies in the sector includes: Beazer Homes USA, Inc., Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home, Lennar Corporation, Lowe”s, Monterey Homes, Orleans Homebuilders, Inc., Pulte Homes and numerous others. For the complete list, click here: http://www.HomebuilderStocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
Homebuilderstocks.com does not make stock recommendations, but offers a unique free information portal for investors to obtain news, articles, and recent research.
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Unified Building Codes Offer Nationwide Growth Opportunities for Homebuilding Sector.
Article Excerpt
By Brian Noer
November 16th, 2004
In the recent past the US homebuilding sector has been served by three separate regional regulatory bodies. The introduction of one central agency to develop standardized codes is offering market manufacturers the benefit of sales which are nationwide (or even international) in scope, as well as allowing major national homebuilding companies to profit from greater efficiencies in the areas of standardization and economies of scale.
This can come down to something as basic as window size. “Obviously you would have multiple versions, said Curran, but if you could have those sizes authorized and then sell them throughout, for example, the Southwest as well as the Pacific Northwest that could be very advantageous in terms of building material purchases. Homebuilders could purchase more of that standard size of window and get longer runs for the buyer. This type of standardization can be something that could differentiate you (the materials supplier) from your competitors.”
Standardization of this type is exactly what the unification of the code branches will allow for manufacturers who are willing to be compliant with the new national codes.
Dr. Michael Huddy, President of International Barrier Technology, was energized about the growth prospects for his company. “We are encouraged and excited about the prospects of being able to market on a global basis under the auspices of the new international building code and the vehicle upon which we intend to ride to accomplish this objective is our pending ICCES (ICC Evaluation Service) report. We plan to have start-up sometime in the second quarter of the calendar year. This will more than double our existing capacity, it will improve our efficiency and increase product uniformity and quality.”
Full article: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/Articles/Building_Codes.asp
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