Come on, what is wrong with this picture. Homebuilders saying they do not see an "INKLING" of a rebound. Every article I read along with all the talking heads on cnbc are talking about a housing rebound going into the spring of 2007. What a joke. $1.5 Trillion worth of ARMs resetting this year. Should even get slower. 25% drop in the homebuilder stocks, 5-10% drop in housing prices in the next 12 months. U.S. home builder shares drop after difficult outlook NEW YORK, Jan 25 (Reuters) - Shares of U.S. home builders tumbled on Thursday after a slew of companies reported weak quarterly results and said they did not see an inkling of a rebound in the U.S. housing market. The Dow Jones U.S. Home Construction Index <.DJUSHB>, a yardstick that measures home builder performance, was off nearly 3 percent in early afternoon trading on the New York Stock Exchange. Shares of Beazer Homes USA (BZH.N: Quote, Profile , Research) led the decline, falling nearly 6 percent to $44.28, down $2.73, after the company on Thursday reported a loss after taking charges for sagging land values and its chief executive said the company did not see evidence of a housing rebound. That came on the heals of Meritage Homes (MTH.N: Quote, Profile , Research), which on Wednesday reported a 91 percent profit decline and said it expects 2007 will be a difficult year based on reduced backlog and order trends in the last few quarters. The company's shares fell 3 percent or $1.40 to $44.45 on Thursday. Reuters Pictures Photo Editors Choice: Best pictures from the last 24 hours. View Slideshow Ryland Group Inc. (RYL.N: Quote, Profile , Research) on Wednesday reported a 46 decline in quarterly earnings and its shares were off about 3.3 percent or $1.84 to $54.13.