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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (19914)	10/13/2004 4:40:51 PM
From: patron_anejo_por_favor	Respond to of 110194

<<What does negative backlog mean?>> Borrowers are so far upside down that they have to build a house to give to the original builder?<G> Seriously, it sounds like they've built out all their existing orders and now have some homes available on spec.....

To: ild who wrote (19914)	10/13/2004 4:43:33 PM
From: t4texas	Respond to of 110194

i could have written that better. i meant change in backlog in the higher growth areas was negative. of course i have actually experienced (in the mid-1980s) a negative backlog for one month, i.e., the dollar amount of order cancellations was greater than the dollar amount of new orders for that month. (new order backlong minus year ago order backlog)/(year ago order backlog) times 100% = negative is what i meant.