Need a couple of Housing news releases with some positive news to get us some upward momentum now. Again, with the earnings release from LEN that beat estimates, I am guessing that the news from SPF will be good, even when you factor in the acquisition they made earlier. GLTA
Wait until earnings are released at the end of the month...my guess is that we'll see some movement then. SPF is still holding cheap land that it acquired during the housing slump and we're starting to see the benefits of that move in terms of higher margins on their houses, plus they have moved the pricepoint of their houses up so that they're not competing in the entry level homes. Again, higher margins and homes that are less tied to swings in the economy.