Is The New Housing Bill The Antidote Homebuilders Needed?
The new federal housing bill offers a little to everyone hurt by the downturn. There is a boon to lenders, another to borrowers, and something for the homebuilders.
But while the lenders and borrowers still have some uncertainty in their future, homebuilders have suffered most of their pain already. With stock prices down nearly 75 percent for the sector, they are ripe for a rebound.
The Wall Street Journal agrees with this sentiment:
For everyone else, the smart play is probably to invest in the homebuilding stocks. They’re already flat on their backs. The sector overall has fallen by about three quarters from its 2005 peak, and history says that after a bubble has burst that’s usually a good time to buy. It’s like buying the Nasdaq near the lows in 2002.
Valuation measures have to be taken with a pinch of salt in these markets, because net asset values are so volatile, but on current numbers Toll Brothers is trading for about 90% of book value; Hovnanian for about 60%; Lennar, 50%; and DR Horton, 80%. These are rough figures. via R.O.I. – WSJ.com.
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
My cousin in Maryland going thru same thing as Jack Thomas. Have loan Mod Agreement from Countywide dated April 2009, ...
Print Ads is the popular way to advertise among seniors in the business industry but today it seems like it ...
Pingback by False Positives In The Housing Rescue Plan on 1 August 2008:
[...] people have been studiously searching for positive aspects about the recent Housing Rescue Plan. As my regular readers know, I feel that this plan is an absolute bust in every way, and ultimately [...]
Comment by Gustavion on 1 August 2008:
Homebuilding stocks must be a good buy now. Can they even go much lower?