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Hovnanian Enterprises Inc. Message Board

  • A Yahoo! User Nov 16, 2012 9:45 AM Flag

    Great Seeking Alpha Article today...read below:

    hmmm I've been saying this for weeks now..here are the main takeaways that I pulled out of the article:

    Granted these companies have come back from the dead and housing has stabilized, but stabilized does not mean that these stock have the right to return to the bubble valuations of the housing bubble. Ara Hovnanian says that housing has a long way to go. We are not even close to the 40 year average housing starts of 1.4 million units.

    In addition, the question as to what will happen with the U.S. Fiscal cliff, is not exactly inspiring for people can go out and fill up on housing. Remember, about 30% of all mortgages are still underwater. Unemployment is still not in the single digits.

    But there is another reason why you should get out of housing now. Most of the charts look like they have fallen over a cliff of their own.

    Sentiment: Strong Sell

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HOV
4.63+0.04(+0.87%)Jul 23 4:00 PMEDT

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