Zillow: Home Values Will Crash Another 5% in 2012

A Zillow (NASDAQ:Z) analysis says U.S. homes could lose $681B or 5.1% of their value in 2011 vs. a $1.1T loss in 2010. The rate of loss has and should continue to slow, but Zillow does not expect appreciation in 2012. Atlanta, down 14.7%, is at the bottom of the heap of the 20 largest markets tracked. D.C. is at the top with just a 1.9% decline. Washington is a company town and the company is doing big business.

Here’s how homebuilder stocks are trading on the news:

Toll Brothers Inc. (NYSE:TOL): TOL shares recently traded at $20.49, down $0.19, or 0.92%. They have traded in a 52-week range of $13.16 to $22.42. Volume today was 716,310 shares versus a 3-month average volume of 4,214,970 shares. The company’s trailing P/E is 85.38, while trailing earnings are $0.24 per share. Get the most recent company news and stock data here >>

DR Horton Inc. (NYSE:DHI): DHI shares recently traded at $12.58, down $0.2, or 1.56%. They have traded in a 52-week range of $8.03 to $13.50. Volume today was 1,423,502 shares versus a 3-month average volume of 7,331,320 shares. The company’s trailing P/E is 54.70, while trailing earnings are $0.23 per share. Get the most recent company news and stock data here >>

KB Home (NYSE:KBH): KBH shares recently traded at $6.92, down $0.3, or 4.16%. They have traded in a 52-week range of $5.02 to $16.11. Volume today was 2,040,225 shares versus a 3-month average volume of 4,976,330 shares. The company’s trailing earnings are $-2.27 per share. Get the most recent company news and stock data here >>

Lennar Corp. (NYSE:LEN): LEN shares recently traded at $19.61, down $0.37, or 1.85%. They have traded in a 52-week range of $12.14 to $21.54. Volume today was 1,463,454 shares versus a 3-month average volume of 6,168,230 shares. The company’s trailing P/E is 39.62, while trailing earnings are $0.50 per share. Get the most recent company news and stock data here >>

PulteGroup, Inc. (NYSE:PHM): PHM shares recently traded at $6.28, down $0.03, or 0.48%. They have traded in a 52-week range of $3.29 to $8.69. Volume today was 1,939,008 shares versus a 3-month average volume of 12,258,900 shares. The company’s trailing earnings are $-1.03 per share. Get the most recent company news and stock data here >>