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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Joe Stocks who wrote (43238)	8/29/2002 9:13:37 AM
From: Ron McKinnon	Read Replies (2) of 53068

Bank of America Montgomery (Homebuilding) Current valuations seem to indicate the home market is slowing, while our survey shows otherwise. Builders continue to have firm pricing power. Our top picks are DHI and LEN -------------- Homebuilders selling stock at record pace - FT The Financial Times reports that execs across the US home-building industry have been selling shares in their co's at a record pace this year, suggesting they believe the country's housing mkt has peaked; in addition, it is the largest net sale of stock in the industry in quarterly records going back to 1996, and in many cases officers have sold more than 50% of their holdings over the past year.

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