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While April's surprising 5.5% decline in pending home sales is nothing to celebrate,...

While April's surprising 5.5% decline in pending home sales is nothing to celebrate, MKM Partners finds it consistent with its view of a choppy early-stage housing recovery, and isn't overly concerned that a recovery is at risk. The firm sticks with its call to buy homebuilder stocks (XHB -3.7%) such as Toll Brothers (TOL -5.8%) and Pulte (PHM -4.1%) on dips.
Comments (2)
  • WallStreetDebunker
    , contributor
    Comments (2432) | Send Message
     
    "Michael Darda, chief economist at MKM Partners LP, sees demand 'bottoming' in the US housing market."

     

    -July 11, 2007
    from Between The Hedges website regarding a Bloomberg article that day
    30 May 2012, 04:05 PM Reply Like
  • WallStreetDebunker
    , contributor
    Comments (2432) | Send Message
     
    Great Timing for this article. Looks like the Muppets lost again.
    1 Jun 2012, 04:42 PM Reply Like
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