NOT in line. Earning miss. New order growth slowed from previous Quarter, even though its up a lot from previous year Quarter.
The housing market has been fantastic this year and this is the best Ryland can do ? How do yu think they will do in 2nd half and 2013, with political bickering and fiscal cliff. The builders have topped. No upside from here.
If you were a builder you would know the most important thing is growing sales in a market that is coming off bottom which they are doing-becareful going short when these builders are coming off bottom-this is not a 30 day cycle