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In light of the slight upswing of the national economy, the housing market has begun to follow suit. According to the Commerce Department, construction of new homes has risen 17. 2 percent in the last month, higher than the rate economists predicted following April's record low. This, combined with the steady increase of building permits issued, is a good indication that home construction is and will be experiencing resurgence in the near future. The construction of multi-family homes has seen the greatest increase in the last month at 61. 7 percent with single-family homes rising 7. 5 percent. Further positive news, is that the wholesale price remains in check, despite this increase in construction. As the market slowly improves, well-established major homebuilders have demonstrated the smallest quarterly losses throughout the economic downturn. Toll Brothers Toll Brothers Inc. () is one such company. In addition to single-family homes, the company has been converting existing apartment buildings into luxury condominiums and town homes. With the increase in demand for multifamily homes, Toll is in line to for continued improvement. The greatest construction increase has occurred in the west, at 28. 6 percent this month. Toll is aligned with this trend, currently building in California, Nevada, Arizona, and Colorado. Fortune Magazine's comprehensive list of World's Most Admired Companies 2009 rated Toll Brothers Inc. number one in five out of nine categories among homebuilders. Financial [hydrating face wash cream] soundness and long-term investment were two of the categories in which Toll took first.

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Hovanian Enterprises Hovnanian Enterprises Inc. (), is another company reporting minimal quarterly losses, and an increase in prospective buyers visiting their model homes nationwide. Consisting of a homebuilding as well as a financial operation, the company provides its own mortgage loans and title services to its home construction customers. Hovnanian's stock value rose steadily through the months of March and April, and has remained stable since. Another company building attached condominiums and town homes, Hovnanian's construction occurs primarily along the eastern seaboard, although they are currently in eighteen states across the nation.
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NVR In regards to financial soundness and long-term investment, NVR Inc. (NVR) ranked second on Fortune's list. Operating in twelve states, three of NVR's four home divisions specialize in first time homebuyers. In light of the tax incentives in place for these consumers, it is likely that NVR Inc. will continue this success.
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As the country gradually recovers from the recession, the home construction market is destined to improve. Hydrating face wash cream well-established, financially stable companies are safe investments in this time of transition. While economists predict that home prices will not see significant gains until summer of 2010, they also project that home construction in general will stop falling this quarter. Despite its slow progress, the housing market is on its way up, and is destined to return to its prior splendor once again.
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