Cancellations up dramatically;
Sales down significantly year over year;
Inventory up tremendously.
Beazer Homes USA: said net home sales for the two months ended Aug. 31 fell 49% from the year ago; Their cancellation rate rose to 50% from 26%.
KB Home cut its forecast today;
Hovnanian Enterprises reported a second straight quarter of declining earnings and orders
Beazer trims 2006 outlook
MarketWatch,10:00 AM ET Sep 7, 2006
US stock futures fall on inflation, housing fears
Reuters, Thu Sep 7, 2006 4:53am ET
Category: Real Estate
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.