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Public Home Builders Council of America Launches Interactive Web Site @ www.phbca.org
NEW YORK, May 6, 2004 (BUSINESS WIRE) -- The Public Home Builders Council of America (PHBCA), which is comprised of 13 of the leading public homebuilding companies, today announced the official launch of its Web site www.phbca.org. The Web site is dedicated to providing the general public, media and investment community with a one-stop-shop for information on large public homebuilders.
PHBCA is a non-profit organization devoted to raising awareness and recognition for the expanding role that the public builders play as stable and growing providers of housing for millions of Americans.
Some of the features currently found on the PHBCA Web site include:
-- Daily news summaries
-- Industry research papers and articles
-- Profiles and financial snapshots of PHBCA members
-- Key facts & figures on the homebuilding industry
-- Industry timeline
-- Market share analysis by region
-- Frequently Asked Questions (FAQ)
-- Background on the PHBCA and its mission
The Web site will be continually updated and enhanced. Ongoing improvements to expect from the PHBCA Web site include:
-- Online CEO interviews
-- Industry overview presentation
-- Real time events calendar
-- Positioning statements
-- Frequent news updates
-- Ongoing research and analysis
-- News summaries archive
The PHBCA member companies currently build homes in 37 states across the country and delivered over 225,000 new homes in 2003, or more than 20% of all new homes sold in the U.S. in that year. In the top 25 housing markets, PHBCA members collectively held, on average, more than 25% market share in 2003(1).
(1) Based on an analysis of U.S. Census Bureau statistics and PHBCA member data.
The Public Home Builders Council of America (PHBCA) consists of 13 of the leading public homebuilding companies within the broad $250 billion housing industry. PHBCA member companies are Beazer Homes USA, Centex Corporation, D.R. Horton, Hovnanian Enterprises, KB Home, Lennar Corporation, MDC Holdings, Meritage Corporation, Pulte Homes, Ryland Group, Standard Pacific Homes, Toll Brothers, Inc. and WCI Communities. These companies build a wide array of single family and multi-family units that range from affordable homes for first-time homebuyers, to first and second time move-up homes, to luxury condominium towers to vacation homes for the active adult community. Operating in 37 states, the 13 PHBCA companies delivered over 225,000 new homes in 2003 and produced homebuilding revenues of over $60 billion in the same period. Today, PHBCA members build one out of every five homes in the country.
The views expressed in the foregoing are those of the Public Home Builders Council of America (the "PHBCA") and are not attributable to the individual company members of the PHBCA. The statements in this release that are not historical facts are forward-looking statements that represent the PHBCA's current expectations and assumptions based upon data currently available to and reviewed by the PHBCA. Should the data available to the PHBCA change or the PHBCA's underlying assumptions prove incorrect, actual results or developments may vary materially from those expected by the PHBCA. The PHBCA disclaims any obligation to update or revise the statements made in this release.
SOURCE: Public Homes Builders Council of American
for Public Home Builders Council of America
Michele Vana, 212-453-2214
vanam@fleishman.com
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