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

To: Doughboy who wrote (15245)	11/25/2003 6:56:08 AM
From: Micawber	Read Replies (1) \| Respond to of 306849

>>"To put it bluntly, the debate over whether or not the homebuilding industry is changing is over," said Wachovia Securities analyst Carl Reichardt in a note. The ability for companies to grow by grabbing market share from smaller, less liquid, private homebuilders "is supported by ten years of solid evidence," he said. And many builders have conservative risk profiles, "offering more protection from a slowdown in housing demand," he said. These factors are not reflected in current valuations, he added.<< Looks like the classic "permanently higher plateau" prediction. And Cramer saying that the homies stocks will multiply from here? They say that a bell doesn't go off at a market top, but I think I hear something ringing.