big ideas for global investors Search
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

Homebuilder Stocks: Improving Housing Market Makes Buying Now a Smart Move at M/I Homes (NYSE: MHO)

Category: Investment, Homebuilder

Visit this company: M/I Homes

STERLING, VA - September 7, 2012 ( newswire, All indicators point to a rebounding housing market at M/I Homes (NYSE: MHO).

David Crowe, chief economist for National Association of Home Builders, says, "The fact that we continue to see a strong core of metros showing up on the improving list each month adds to the growing evidence that the emerging housing recovery has a solid foundation on which to build as housing returns to its traditional role of driving economic growth."

It's particularly good news for consumers in the DC Metro area.

According to M/I Homes president & CEO, Bob Schottenstein, "The market is coming back, and while the rebound is in progress, affordability is still at an all-time high and interest rates are still at historic lows. Now is a unique time. There's never been a better time to buy a new home."

Nobody is spreading that word more than M/I. Their Smart Move Event is under way right now, and it's appropriately named.

Mr. Schottenstein continued, "Through M/I Financial, we have 30-year, fixed rate mortgages as low as 3.25%. And that's on FHA and Conventional mortgages."

That means the Principal and Interest on M/I's Smart Move mortgages will never change. And with increased affordability, monthly payments are often lower than rent. Current homeowners will also be surprised at how affordable their dream home is today.

The "dream home" is constantly evolving. M/I takes great pride in keeping up with and staying ahead of the latest trends in home design.

"Our home plans are heavily researched then designed and built for the way people really live today. We call it StyleSmart and the result is a home that really 'lives' well," said Bill McDonough, M/I's Chief Marketing Officer.

"And, they're efficient," he continued. "Every M/I home is built to our Whole Home standards. They're rated by an independent rater and given a Home Energy Rating System (HERS) Index. Our homes actually out perform Energy Star requirements. We're so confident in our building standards that every M/I home comes with a 30 year transferable structural warranty. That's a pretty good indicator that we build a better home."

All told, it seems like buying now is exactly what they say: a Smart Move.

M/I Homes, Inc. is one of the nation's leading builders of quality single-family homes, having delivered over 75,000 homes. The Company's innovative, award-winning homes are marketed and sold under the trade names M/I Homes and Showcase Homes. In addition to Cincinnati and Northern Kentucky, the Company has homebuilding operations in Columbus and Chicago , Illinois ; Indianapolis , Indiana ; Tampa and Orlando , Florida ; Charlotte and Raleigh , North Carolina ; San Antonio and Houston , Texas and the Virginia and Maryland suburbs of Washington , D.C.


Lisa Cogley

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy:

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner


Investor Ideas © 2000 - 2015®, ECON


login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |