Gaucho

Lennar Q3 Shows Signs of Stabilization

Amazing how turds are like LEN and RYL have risen as high as they have. The real-estate market has bottomed temporarily but do not expect a rally is growing unemployment an ever increasing number of houses being foreclosed upon. The construction costs are more that the sales of the foreclosed properties. These companies are still losing money and will continue to do so for several more years.

So what is holding up the price except for the trillions the government is dumping into the market and unrealistic expectations that these companies will return to the good old days.