HomeBuilders Fundementals Deteriorating

Discussion in 'Trading' started by Trend Fader, Sep 19, 2005.

  1. U.S. Sept. homebuilders index falls to 2-year low By Rex Nutting
    WASHINGTON (MarketWatch) -- U.S. homebuilders remained optimistic in September, but their confidence fell to a two-year low, the National Association of Home Builders said Monday. The NAHB-Wells Fargo housing market index fell to 65 in September from 67 in August, the third decline in a row and the lowest since July 2003. Readings over 50 in the index show optimism about future building activity. Higher interest rates, "some buyer resistance" to high prices, and high gas prices are contributing to the decline, said David Seiders, chief economist for the builders' group. "The housing market is showing signs of cooling, and builders are reacting to that," he said.
  2. great..
  3. buy the dip for free money $$

  4. I dare you to load up on TOL...
  5. canuck


    long term, there's a good bet it's going to go down, but from 58.70 - to current 44, that's pretty steep drop. A lot of bad news is being priced in, if the Fed even hints at stopping, TOL could pop back to 52 pretty easy. Pretty good risk vs reward.
  6. Done. 44.10

    I prefer JOE though.
  7. Its simply trying to catch a falling knife.. use a tight stop...
  8. Of course they are. But that doesn't mean that the stocks of the housing sector will go down. If anything, look for them to go back up and then blow off!
  9. Efftrader,
    living in another dream world :D I want to live there too!
    #10     Oct 4, 2005