Roger Riggins

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    • Get Ready to Short Homebuilders [view article]
      What is happening in the resale market bodes well for homebuilders. Finally there is a surge (in some markets) in sales of low priced homes due to pent up demand for affordable housing which until recently was priced out of reach of many buyers. Now that the foundation of the market is moving, that sets the stage for the houses priced in the next tier to see an increase in sales as the sellers of the lowest priced houses move up into that bracket. It may take a little while for the effects of this to be shown in the statistics, and even a little longer for homebuilders to benefit from this phenomenon, but the market has already begun moving positive. May 15 08:12 AM
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