DR Horton Inc. (DHI)

All Comments on DHI

  • commenter
    Golf Club
    Rental
    Dec 17 05:35 PM
    My Website
    Housing Bubble and Real Estate Market Tracker [view article]
    If you are down on golf course real estate stocks, check out golfrentalandsales.com. It caters to golf courses, though is more in tuned to the rental markets.

    It is an up and coming play in this sector. Great cashflow, and strong management team.

    - Elijah
    golfclubrentals.blogsp...     Reply
  • commenter
    Golf Club
    Rental
    Dec 17 05:35 PM
    My Website
    Housing Bubble and Real Estate Market Tracker [view article]
    If you are down on golf course real estate stocks, check out golfrentalandsales.com. It caters to golf courses, though is more in tuned to the rental markets.

    It is an up and coming play in this sector. Great cashflow, and strong management team.

    - Elijah
    golfclubrentals.blogsp...     Reply
  • commenter
    Jordan Fogal
    Nov 30 12:37 AM
    Housing Market Tracker - Housing Stocks Review [view article]
    Enter your comment hereConsumers cringe as holidays approach after housing debacle
    Some just wish they had a home for Christmas
    The “Lemon Lady,” Houston grandmother Jordan Fogal, testifies colorfully against Texas homebuilder mandatory binding arbitration provisions to a congressional subcommittee in Washington:

    The first night in our new home, my husband decided to try out his new Jacuzzi tub on the third floor. When he pulled the plug, one hundred gallons of water crashed through our dining room ceiling. . . .

    Well, this was not one overlooked plumbing connection, as my husband so desperately wanted to believe. It was a preview of coming attractions. Rainwater, from outside, sprayed us at the kitchen table. – The windows were installed upside down (our builder finally admitted this after three years). Our floors buckled and black spider-webs of mold crawled up our walls; the smell grew worse; then shower wall fell out and little puffballs grew out of the carpet. All the while, we had begged our builder to please fix our house.

    We had the mold tested by an accredited laboratory, and they said they had never seen toxic readings that high in an inhabited dwelling.

    The story of Fogal’s Hyde Park Crescent home was detailed in Mother Jones magazine two years ago; she also plays a part in this Houston Press report about the lucky owner of another Tremont Homes/Jorge Casimiro opus.

    Written Testimony Submitted by Jordan Fogal To The Subcommittee on Commercial and Administrative Law: “Mandatory Binding Arbitration Agreements: Are They Fair For Consumers?” [U.S. House Committee on the Judiciary, via Bay Area Houston]
    Home Sour Home [Mother Jones]
    Ownership Wrongs [Houston Press]

    Reply
  • commenter
    Georealist
    Nov 29 11:17 AM
    Housing Market Tracker - Housing Stocks Review [view article]
    Every time..like yesterday, for instance...I heas a report on home sales my first reaction is "So what!" And that goes double for new home sales. Unloading inventory for debt service hardly compares to selling at pumped up margins to overnight campers waiting for the sales office to open.
    The institutional fallout (banks, etc) may be largely accounted for in stock prices for many....However, homebuilders and those unfortunate enough to have an existing home to sell on a glutted market are likely to see coal in their stockings this Christmas...and next.     Reply
  • commenter
    WAKEUP
    Nov 17 12:53 PM
    Housing Market Tracker - Housing Stocks [view article]
    The Zandi comment is right on the money, when he says, "[The] industry is going to be a shadow of itself..." But even Zandi seems unaware (yet) of the staying power of this particular housing market situation, for he goes on to refer to "...once we get through this downturn", as if this is just another bump in the once-upon-a-time yellow brick road. This is not just another "downturn." This is a new highway, southbound to a point at which a new home sells for about twice the buyer's gross annual income, and interest rates of more than 6% on that home are non-starters. And that situation will persist for at least twenty years. The 1950's are finally over. Reply
  • commenter
    StockSuspici
    ous
    Nov 13 01:43 AM
    Caveat Emptor: The Tumbling Housing Market [view article]
    So far, no business writer seems willing to write the obvious, which is that Americans ARE GOING TO LOSE MONEY ON ALREADY-PURCHASED REAL ESTATE. NOBODY knows how deep the losses will go, but there are abundant hints in available data, readily accessible by the reading public, which point to as much as to 50% lower prices on single family dwellings, within the next three years. If you're planning to buy a house, wait; you'd be insane to buy now, with all price arrows pointing SOUTH. Reply
  • commenter
    mlimberg
    Nov 12 07:26 PM
    Housing Bubble and Real Estate Market Tracker [view article]
    At the peak of the market in 1991, property in Japan was worth four times the value of all property in the US – on paper anyway.
    Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
    Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
    Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
    The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
    The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
    Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
    Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
    Reply
  • commenter
    mlimberg
    Nov 12 07:18 PM
    Caveat Emptor: The Tumbling Housing Market [view article]
    At the peak of the market in 1991, property in Japan was worth four times the value of all property in the US – on paper anyway.
    Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
    Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
    Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
    The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
    The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
    Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
    Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
    Reply
  • commenter
    heyligerb
    Nov 11 12:47 PM
    Homebuilders: Climbing The Walls of Worry [view article]
    Fred,

    You got that right. Looks like the first one just hit. Levitt and Sons just hid themselves under Chapter 11, Levitt & Sons has seen housing booms and busts for the last 78 years. WOW, if the bottom is not here, its near.

    Question, any idea how to find the history of homebuilders that went bankrupt back then? I'd be interested in reading about them to see if I can find any similarities to todays builders.
     Reply
  • commenter
    Georealist
    Nov 01 11:25 AM
    Housing Bubble and Real Estate Market Tracker [view article]
    Another nice summary...like every other bubble the over hype and the carnival barker atmosphere was a dead give away..The PRECISE ATMOSPHERE..DOWN TO THE PRETENTIOUS KNOW IT ALL
    PATTER....was the same for the Tech bubble. In Silicon Valley we now hear the same kind of whining and see the same kinds of lost looks from the home flipper crowd that techies had a few years
    ago.
    This crash has at LEAST a year to go...by next Fall (2008) there may be enough of the excess washed out that home building will begin again in a very modest way by the reorganized building business that is collapsing now...for the Spring of 2009.     Reply
  • commenter
    the_Bird
    Nov 01 09:15 AM
    No Point in Bottom-Fishing the Homebuilders [view article]
    There's so much inventory out there right now, it's going to be a LONG time before it all gets cleared out - so the illiquid assets on their books are even more illiquid that they would be in a "normal" environment. Moreover, the severe pullback in availablity of subprime/alt-A mortgages means that most of the people who might typical "upgrade" from being renters to homeowners just are not going to be able to do so; how's that inventory going to get absorbed? And - this is all in the context of an economy and jobs market that remains, if not great, *reasonably* robust? How does all of this look if we go into a recession? I don't think one is imminent, but I would say there's probably a 30% or so chance we see a recession develop in the next 12-18 months.

    So yeah - homebuilders will have little rallies, mostly short-covering. There are a handful of stocks out there I've found where 80% - 90% of the float has been sold short; there's some real short-term danger there, SPF rallying from $3.71 to $5.72 in a week and a half looks like a classic squeeze. But - there's a lot of these companies that you'll never have to cover (if you can find any shares to short!)     Reply
  • commenter
    timjowers
    Oct 29 09:12 AM
    My Website
    No Point in Bottom-Fishing the Homebuilders [view article]
    Excellent article. The barrier for entry into homebuilding is low. A homebuilder conglomerate has very limited intrinsic value. Not like Intel or AMD for instance. An estimated 1M new homes are needed per year for our current population growth. 2M are presently on the market and the builders are still overbuilding. Oops. Reply
  • commenter
    Malkiel
    Oct 22 05:14 PM
    Housing Decline Will Begin Weighing On The Consumer [view article]
    I have trouble understanding where the people who are calling various bottoms to the housing implosion are coming from; the fundamental facts of this problem are tightened lending standards which choke off marginal borrowers (including first-timers) and ARMS mortgage resets. Resets will be building to a crescendo through this time next year, and the market and government haven't figured out how to restructure mortgage lending products and policies yet, so no bottom can be in sight for any part of 2008. Unless restructing of some kind heads off the ARMS foreclosure tidal wave, bad things will continue to happen throughout 2008 and perhaps even 2009... Reply
  • commenter
    Georealist
    Oct 16 01:51 PM
    Housing Bubble and Real Estate Market Tracker [view article]
    Nice synopsis of the mess...If Mr. Mazilo didn't see this coming he must have had his head up his butt 24/7. People with NO money buying quarter million dollar homes and UP...People taking equity loans out of property based on incredibly suspicious appraisals...The anecdotal evidence..that is, what's really taking place outside in the sunshine....was overwhelming. My take is that the only reason median home prices haven't plummeted monthly is that many who might sell aren't even going to market their homes. It's a waste of time. Reply
  • commenter
    Daniel Jones
    Oct 12 08:57 AM
    My Website
    A Bullish Call On Philly’s Housing Sector Index [view article]
    If you entered the $10 sale price that I referred to above, you got out on this trade in 4 days with a gain of 120%, give or take a few pennies. Option analysis software that the rest of the street is also running keeps you out of profitable trades. Anonymously calling names keeps you from making profitable trades.

    We just made a ton of money shorting big Cap Tech (Oct 11th). That was stepping in front of a train, and your lovely software probably didn't catch that one either.

    You can of course always subscribe to my e-bluewater.com newsletter service and catch these moves that will make you these kinds of returns. Or, I guess you can continue to laugh (and lose).

    Cheers, and good trading!

    Daniel Jones     Reply
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