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Ryland Group Inc. Message Board

  • bigdogbill119 bigdogbill119 May 16, 2008 8:51 AM Flag

    guess ryland should start building apartments

    NEW YORK (AP) - Wall Street is headed for a higher opening after the Commerce Department issued a better than expected report on housing starts.

    The market, waiting for signs that the housing slump is reaching a bottom, was reassured when the department said construction of new homes rose in April by 8.2 percent. The jump was largely due to an increase in apartment construction, and compares to forecasts of a 0.7 percent decline.

    Dow Jones industrial futures are up 26, or 0.20 percent, at 13,002.

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    • Lot of subsidized apartments needed for the wave of section 8, homeless, foreclosure victims and tent city residents looking for shelter in the near future. House builders have no future for a long time. Probably a good time to get out of homebuilders while this mixed up thinking is going on , jumping the homebuilders to irrational price levels

 
RYL
37.27+0.14(+0.38%)Aug 21 4:00 PMEDT

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