Didn't one of the large building outfits announce that they went from making 180 Mill the previous quarter to losing 180 Mill this last quarter due to cancellation costs?
I am seeing more and more for sale signs, but admit they seem to be selling briskly.
Time will tell.
But as this guy is talking about, housing stocks have been rallying and morons and stock pumpers are saying its proof that everything is just fine in the housing industry.
But I suspect much more is going on behind the scenes on why these stocks haven't started to tank yet. Talk about catching a falling knife.