Just another sign of a cooling real estate market: sales of new homes tumbled 11% in November which is the biggest drop in more than a decade. Clearly an indication that real estate will begin to moderate to normal levels. As a result, TOL (Toll Bros.) down 1%, DHI (DR Horton) down 2%, PHM (Pulte) down 2%...I would expect to see downward pressure in these stocks over the next 12 months as home inventories increase due primarily to higher interest rates. Owners of these stocks that are holding onto gains from the past couple years should book profits now and move on...
My Goal
- Our goal of this site is to begin sharing the beginnings our new internet venture. We will provide research on financial markets, trading strategies and investment analysis. Our models on this site will not be based on "thinly traded" stocks, black box techniques, or any other quasi "get rich quick" method. Rather, our focus will be based on fundamental anaylsis and macroeconomics. This site will be for informational/educational purposes and will not provide individual investment advice.
Critical Sources
Subscribe
Contact
- Skype Name: agustingonz
« Notable Upgrades/Downgrades | Main | My Top Picks for 2005 »
December 23, 2005
The comments to this entry are closed.
Comments