SteveD64

Lennar's 50% Jump and Median House Prices

I find it interesting that everyone says "buy and hold for the long term" but if you house, which is suppose to provide shelter, goes down all hell breaks loose, LOL....

I also predict that most, if not all, publicly traded homebuilders will eventually go private or go under....they simply will not be able to compete with the smaller builders who know the market much better and can react much quicker.

The big homebuilders advantage is/was economy of scale on cost etc etc

The demand for large subdivisons is going to be greatly reduced for many years...and city government is going to much more reluctant to allow mass construction that is not needed....