Fitch Ratings has published updated recovery analyses for U.S. Homebuilders and Building Materials companies, including:

Beazer Homes USA, Inc.

Hovnanian Enterprises, Inc.

KB Home

M/I Homes, Inc.

Standard Pacific Corp.

USG Corporation

The interactive recovery analysis worksheets are available at 'www.fitchratings.com' under the following headers:

Sectors >> Corporate Finance >> Corporates >> Research

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Corporate Rating Methodology' (May 28, 2014);

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' (August 14, 2012);

--'U.S. Homebuilding Industry - Recovery Rating Methodology', (April 7, 2008).

Applicable Criteria and Related Research: U.S. Homebuilding, Building, and Home Products and Services Recovery Models (Third Quarter 2014)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=852688

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393

Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=813588

US Homebuilding Industry -- Recovery Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=381568

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