The single-family housing market is looking up, according anErnst and Young survey of CFOs and tax directors. Almost 85% ofrespondents expected their companies to break even or better in2012, up from 71% in 2011. In 2013, 95% expect to break even orhave income gains. Home prices will increase in the next two years,according to a majority of those surveyed.
While many reported that their long term debt will not be dueuntil after 2014, companies are still being conservative with theirfinances. Eighty-five percent had a target debt to capital ratiounder 50%, and 74% of those are targeting a ratio of 36%-50% debtto total capitalization. The West Coast, Texas and Southeast willbe home to the most profitable markets this year, respondentssay.
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