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KBH
It's a crap builder but it had value $10 now it's up to $14 if anyone took that risk!
After today's negative YoY print, the next 4 months is really it.
If you can't show growth on the YoY prints in the next 4 months with no negative revisions, then ever my 4%-8% growth metrics are simply too high.
Considering how low new home sales are at, this isn't asking a lot
George Pearkes â€@georgepearkes My end of day wrap-up today. "Housing Supply Still Weak"
https://www.bespokepremium.com/the-closer/the-closer-32316-housing-supply-still-weak/ …
(Another text book chart to show that the low inventory to sales thesis isn't correct )
new homes are a luxury item. latest and greatest style, what you see on tv with fixer upper and all that bullshit.
KBH, it wasn't that great of a report ... but as you can see a trade can be done at any point of a cycle, $10 to $14 was the run, I wouldn't be pushing it here
KBH, it wasn't that great of a report ... but as you can see a trade can be done at any point of a cycle, $10 to $14 was the run, I wouldn't be pushing it here
You ain't seen nuttin yet. Just wait till the middle of summer.
You ain't seen nuttin yet. Just wait till the middle of summer.
That's the problem, flattish growth for the rest of the year, sales are up only 4% year over year even with their horrible misses from last year
This is value play here, the stock from 2013 has been horrible, bastard builder child but then again that's why it was trading with a low liquidation value at $10
In any case, this is the worst one on the crop
But to your point
You have 4 months to show headline growth on the new home sales report as for now we down negative growth year over year .... No revision negative, if that doesn't happen
There is a change we get flat to negative growth this year in total new home sales.
I am still looking for 4%-8% growth with some upside if median home price falls since we are working only from a 500K level, but man... have to have to sales come through in the next 4 months
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#Housing
#Economics
#Investing
http://loganmohtashami.com/2016/01/25/home-builders-new-homes-sales-and-the-affordability-myth/