I really don't get the building stocks. First of all, DHI BEAT earnings by .08. SURPRISE, huh. They are doing just fine and with or without higher interest rates, they will continue to boom. People need homes and the ones that are buying from DHI won't be stopped.
The U.S. Budget Deficit on Track for a huge Drop
Greek economy improves, bailout questions remain
UK economy in good shape, more positive news
meanwhile they are trying to get the small investor to bail at recent lows.
Get ready for testing new highs as the economy proves itself and the housing sector improves.
New housing inventory is at an all time low and shrinking while communities of new homes from
companies like SPF, TOL, DHI are increasing along with profit margins.
Land purchases are already in place. I am looking for a double from here within a 12 month period...
Definitely appears that way, the home builders may not be flying, however, they are far from being over valued. The home builders could possibly be manipulated by big money.. Short sqeeze should be coming.