Broker Upgrades Four Homebuilders

New York, NY, February 5, 2008--Banc of America Securities raised its rating on home builders on its belief that lower house prices would increase demand.

Analyst Michael Wood told investors to buy shares in KB Home , Pulte Homes and MDC Holdings and set a neutral rating on Toll Brothers, predicting an average share price rise of 20 percent over the coming year.

Homebuilders were one of the worst performing sectors last year as house prices plummeted and builders posted massive losses.