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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: kris b who wrote (50231)1/19/2006 12:51:28 PM
From: russwinter  Read Replies (1) of 110194
 
not as important as cancellations.>

There are old orders closing at a high rate, so that suggests cancellations have been largely replaced. However, the new orders have slowed relative to inventories, so I'm looking at price cuts and fewer starts to bring in line. I suspect they have a worm hole developing now with the 5 year ARM to move this crap to new speculators, who will in turn put up even more "for rent" signs. Countering that however is the negative cash flows of older speculators in prior communities, who are trying to sell, all a mess really.
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