tradersystemguru

Those Who Know and Those Who Don't

See seekingalpha.com/artic...

According to the latest data, builders are building 947,000 homes per year into a market that is buying 526,000 homes and their is an 11-month supply... Can't see how we could logically expect an upward lift on profits in that environment...

We've seen homebuilder rallies before but until there is solid evidence that the environment for housing has changed, any long position should be considered a short-term play....