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UBS calls the bottom of the new-home market, as it upgrades D.R. Horton (DHI -0.5%), Lennar (LEN...

UBS calls the bottom of the new-home market, as it upgrades D.R. Horton (DHI -0.5%), Lennar (LEN +0.7%) and Meritage Homes (MTH -0.2%). "Sales and prices will be relatively stable as we head through the back half of this year," UBS says. But while data indicates a bottom for sales and prices, "very little suggests that conditions are likely to improve in the near term."
Comments (2)
  • J 457
    , contributor
    Comments (947) | Send Message
     
    The builders are loosing money and will be for at least another year.
    31 Aug 2011, 04:50 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    " But while data indicates a bottom for sales and prices, "very little suggests that conditions are likely to improve in the near term.""

     

    What good is a bottom if we're not going to go up. Hitting the bottom and staying there is called 'sunk'.
    31 Aug 2011, 05:30 PM Reply Like
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