not likely. it might take a few monthes for mortgage fallout to really start playing out in the numbers, but if you look at comments from the CEOs (who are traditionally overly bullish) there is no reason to believe that any housing sales number will do anything but "suck".
True but the spin could be that it is not as bad as expected so the stock may rally once the news is out. Even today we see it with KBH. It is as if sanity is suspended because the housing market has been on fire so long.