Descrption:
POINT ROBERTS, WA, Delta B.C. – November 29, 2006 - www.HomebuilderStocks.com, a global investor and industry news portal for the homebuilder sector, reviews the strong performance of multifamily housing stocks fuelled in large part by strong market fundamentals. Multifamily residential market participants such as fire-resistant building materials manufacturer International Barrier Technology, Inc. (OTCBB: IBTGF; TSXV:IBH), are positioned to benefit from what many predict to be long-term growth.
Despite some downturn, home builders are seeing renewed investor interest such as the recent report from Bill Gates that his charitable foundation has made investments in seven of the nation’s largest home-building companies. Among the list was WCI Communities Inc., a premier builder of luxury communities and condominiums that has seen its stock price rise $2.45 since the beginning of November, to its current price of $18.20.
Evidence of the success of multifamily housing stocks has been demonstrated by the surging performance of the National Association of Home Builders Multifamily Stock Index (MFSI) that has risen approximately 264% since 1998, beating the S&P 500 by over 237%.
The MSFI tracks the stocks of 24 publicly-traded firms, consisting of 20 Real Estate Investment Trusts (REITs) whose principal business involves activities within multifamily housing. Some notable performers over the past 12 months have been REITs such as Associated Estates Realty Corp up $5.51 or 61%, United Dominion Realty Trust with a stock price appreciation of $9.85 and BNP Residential Properties, Inc. realizing a $9.44 gain, up over 64% to its recent close of $24.05.
The cause for the continued strength of the multifamily building market has been attributed to a variety of key factors. Initially the market received a boost from a period of low interest rates, which propelled success across the entire housing market for several years. Following on the heels of a low interest rate environment was an increased flow of private equity into the sector that continued to push prices even higher.
International Barrier Technology, Inc. (IBTGF: OTCBB; TSXV: IBH), developer and manufacturer of proprietary fire-resistant building materials branded as Blazeguard®, is a featured company on www.HomebuilderStocks.com, an investor and industry news portal for the homebuilding sector within the InvestorIdeas.com™ content umbrella. InvestorIdeas.com™ does not make recommendations but offers investors research, news, blogs, RSS Feeds, online conferences, interviews and links to public companies within the homebuilding sector.
International Barrier Technology, Inc. compensates InvestorIdeas.com™; see disclaimer.
To read more on International Barrier Technology, Inc. (IBTGF: OTCBB; TSXV: IBH) visit: http://www.homebuilderstocks.com/Companies/IntlBarrier/Default.asp or the Company’s web site at www.intlbarrier.com
For our list of companies participating in the home building industry click here: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
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Source: HomebuilderStocks.com, International Barrier Technology, Inc. |