...so start more construction!!! Nothing says 'we want to drive down prices as much as possible' as that burning desire to keep your employees and subs employed and that decision to build additional units when the new home (not existing home) inventory is 660,000+ (that we know of, on top of 2.5 million vacant homes). And as always, can't wait for those revisions! http://www.bloomberg.com/apps/news?pid=20601087&sid=ab.uvU3stAwY&refer=home March 20 (Bloomberg) -- Housing starts in the U.S. rose more than forecast in February, easing concern a worsening construction slump would sink the economy. Builders broke ground on new homes at an annual rate of 1.525 million last month, up 9 percent from a 1.399 million rate the prior month that was the lowest pace since August 1997, the Commerce Department said today in Washington. Building permits fell 2.5 percent to a 1.532 million pace. .... The median price of both new and previously-owned homes fell in January from a year earlier, recent data showed. The February report on existing home sales is due March 23 and figures for new homes are due next week. Some homebuilders have already turned more pessimistic. The National Association of Home Builders/Wells Fargo index of sentiment fell to 36 this month from 39 in February, a report yesterday showed. It was the first decline since September and a reading below 50 means most respondents view conditions as poor. ... `A Bust' Toll Brothers Inc. Chief Executive Officer Robert Toll last week said the start of the spring selling season was ``pretty much a bust'' and he cannot predict when the market will rebound. A few markets where demand was strong and the company raised prices included parts of the San Francisco area, cities surrounding New York and the Los Angeles area, Toll said. Pulte Homes Inc. also isn't looking for a quick sales rebound as buyers wait out the drop in prices. ``We're not projecting anything to bounce off the bottom at this point,'' Chief Financial Officer Roger Cregg said at a conference last week. ``There's been a lot of buyers that have moved to the sidelines.''