Housing (Horton et al) Raging Higher: $60 coming right up friends
Despite the weak sales numbers for Dec (typically the slowest month of the year -- no one wants to move over the holidays and the weather was a butch this year as well), the builders backlogs and asp are moving up sharply, trying to play catch up with unmet demand.
This is all VERY good for TPX, as are the new lineup additions last week.
This should quickly bounce back to the mid $50s where it was a couple weeks ago, and ripping past $60 should be a slam dunk on a solid outlook on Feb 6th.
Shorts are going to be stomped here (again). Love it.
Lennar leading the builders up today... here comes the spring demand into low inventories, strong demand and increased availability of credit. Oh look, TPX is going with the builders... who'da thunk that?