I'd like to see some investors jumping on this sector. KBH just had a 7 cent earnings surprise today. They are up about 2%, but other than HOV, the rest of the home builders are down, or maybe only up a little. What is with this sector? We should all be up when good earnings come in. It means other companies in the sector expect to do well too.
I'm leery. We did not have a committment to ground troops in the current Iraq problem when Citi began coverage on KB. I look for a downgrade, and soon. If I was in at $15.80 or under, I'd consider holding.