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PulteGroup, Inc. Message Board

  • rcdt999 rcdt999 Sep 15, 2007 7:30 PM Flag

    "U" shaped bottom . With upside a year away.

    Here it is. The homebuilders are going to bump along the bottom until 2008 the earliest according to all the current forecast seers : Here are the quotes.

    "...the two-year-old housing decline may extend into next year.

    .....``The bottom is very near but I think it's going to stay along the bottom for a while before a recovery,'' the 50-year- old Hovnanian said today.

    "Moody's Investors Service, Standard & Poor's and the National Association of Realtors said this week the housing decline will extend into next year as tighter loan standards and falling prices cut demand."

 
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