In my opinion it will test 16.50......... before next move up or down depending on economy. The feds and Obama will make Jimmy Carter's administration inflation figures look tame compared to what's coming in later years.
Anyone remember 17% mortgage rates back in 1981-1982.
yes, I remember those mortgage rates. we needed to sell our house in NC after a job loss and no interest w/rates at 14%. we had to rent it out for a bit. when we finally sold it and returned to MA and financed a small house there it was at 11%. hard to imagine nowadays. those rates not seen in many years. that would sure put a wrench in the housing market.
I love PHM. I do. But I love charts more. Check all of my posts. I don't care who has PHM as a buy, sell or hold. Until this stock closes above $21.50 on heavy volume, we are not going much higher. The resistance is obvious.