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  • Are Homebuilders a Buy? [View article]
    Over the past year I've watch the homebuilder's situation closely. My worst expectations have been exceeded. I now think that the credit squeeze combined with the rapidly increasing cost of fuel will exert a stronger downward pressure than we have seen already. Materials costs will increase, and buyers will look for better locations to reduce their fuel consumption. Many homebuilders will be stuck with land they can't easily develop. The governemnt can't bail them out witout increased deficits.
    Bottom line, this will take a long time to work itself out.
    Apr 29 10:30 am |Rating: 0 0 |Link to Comment
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