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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (11011)6/4/2003 7:19:25 AM
From: TechplayerRespond to of 306849
 
6:30am 06/04/03
Hovnanian's net new orders rise 59% in May (HOV) By Tomi Kilgore
Hovnanian Enterprises (HOV) said net new home orders for the month of May increased 59 percent over the same period a year ago to 1,215, boosted by a 161-percent increase in the Texas region and a 113 percent rise in the Northeast region. The value of new orders increased 67 percent to $326.9 million. The homebuilder's stock closed Tuesday up 24 cents at $58.05.



To: yard_man who wrote (11011)6/4/2003 7:35:05 AM
From: J. P.Respond to of 306849
 
They've had a nice pop lately, there may be some quick money on the short side. If housing runs another year, I will put down a big kahuna leap put short position on the creditors and the builders. I think on the shorter term the Fed has too many tools in their arsenal to keep the party going, and lots of incentive to do so. The wildcard could be unemployment.


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