Using KBHome as the benchmark stock. When and at what price do you believe the homebuilders will bottom? Throw your price target out. Based upon what happened to KBH in the early 90s, I say that it will revisit the old 2000-2001 pricings in the low teens. This wont come overnight and there will be pops up&down along the way. I say it will reach this price target between 2008-2011. It will be a slow drawn out process. In the late 80s, KBHome turned up suddenly and went to 2 to 10 dollars in short time. Then it turned right around and revisited 2 dollars. Now let me tell you the good news. The good news is that when KBH does finally bottom it will make a great investment. Look at how the price rebounded in the early 90s from the 2s. It might also signal that its time to return to the housing market when we do finally see the turn. When the bottom does come, then there will be such a height of panic and depression much similiar to how people felt about the stock market in 2002-2003. Only when people have finally decided to give up on the housing dream then thats when it will be time to buy a house once more.