Interesting report on builder confidence, or rather depression. http://us.rd.yahoo.com/finance/external/pssa/SIG=12f3jtgqd/*http://seekingalpha.com/article/735701-builder-confidence-will-prove-fleeting?source=yahoo
I've hated the crooked sector for more than 3yrs! only asset class that hasn't corrected for more than a day in over the same time frame. Chit should tank on valuations alone, WTF??
This market is so propped up, real estate especially. It's the tax base for every crooked municipality out there. One day they will choke on it, but that appears be in the next administration. One set of crooks will replace the others.