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

To: BWAC who wrote (26860)	2/3/2005 11:53:37 AM
From: John Vosilla	Respond to of 306849

They are carrying about $7.4 Billion of inventory. Looks to me to be almost 10 months worth of sales at cost. Assuming current demand The consolation prize is inventory has stopped growing after rising from under a billion at the end of 2002 to $7.7B last quarter. They do keep borrowing quarter after quarter and year after year to fund negative free cash flow. Sounds like another Worldcon when demand dries up as I think that supply from new construction just started up to completed homes is closer to 1.5 years.