Guero

Centex: Do We Have an Uptrend Yet?

Writing a sales contract is one thing, getting a loan approval in this environment is something totally different. I'll start believing again when today's sales start becoming tomorrow's closings. The number to watch is the cancellation rate.

Homebuilders: Why It Should Never Be More Than a Trade

You have it nailed sir. Large-scale production builders make little to no money selling sticks & bricks. Especially when entire streets have been spec'd out and sold at deep discounts. How good are their financial engineers....tha's what needs to be looked at.

Homebuilders Face More Tough Times in 2009

Steve, right on the mark...running a public, national builder is like herding cats......each region is different in style, regs, costs, market, etc etc.

Only thing is, the big national builders are almost the only ones with any cash built up to attempt to ride out 09.