I am very bearish on the sector. To quote Warren Buffet " a soft landing is wishful thinking". Also the sub-prime implosion will surely have an effect on the housing sector due to the fact that lending standards have increased and all those homes that people walked away from will put further pressure on new home prices. Let's face it, HB's got greedy, they over-built wanting the good times to continue forever which is human nature. I am not going to single out Lennar because they all did the same thing, now they will pay the pipper. Their stock price will be under pressure for a while.
much lower. the bashing and headlines have'nt even started with the hb's yet. when you hear about mortgage co's suing the hb's for the product that they are stuck with, the bottom will be another year away. buy water.