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Homebuilders are taking a beating on today's new-home sales data, which fell short of already...

  • Thursday, December 23, 2010, 1:41 PM ET
    Homebuilders are taking a beating on today's new-home sales data, which fell short of already conservative expectations. Just how weak are sales? The seven lowest months on record have all been in the last seven months. TOL -3%. KBH -4.8%. DHI -2.9%. PHM -3%. LEN -3.9%. XHB -1%.
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    New homes taking a whooping, no one pays full price anymore and labor costs are too high. Not the place to look for encouraging housing data. Still impressed with how well some of these guys have played the recession, like Toll and KB, but not bullish on them by a mile.
    23 Dec 2010, 03:11 PM Reply Like
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