BUSINESSWEEK ONLINE : JUNE 28, 1999 ISSUE
BUSINESSWEEK INVESTOR

Value in Homebuilding Stocks


COMPANY             STOCK PRICE*   P-E**  COMMENTS

CENTEX                 35 1/8      8.3    Diversified outside of building

CROSSMANN COMMUNITIES  25 3/4      7.2    Leader in low-cost housing

DEL WEBB               21 5/8      7.2    No. 1 in retirement communities

KAUFMAN & BROAD        22 5/8      7.0    In booming California market

PULTE                  22 7/16     8.2    Engaged in successful restructuring

TOLL BROTHERS          22 1/2      8.5    Expanding geographically


*As of June 14
**Based on estimated 1999 earnings


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RELATED ITEMS
Building Stocks: Worth Moving Into?

TABLE: Value in Homebuilding Stocks

CHART: Builders Lag the Market



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