October 16, 2007
– Comments (7)
Gotta be, right?
haven't seen you in the number one spot in a while. :)
Did you check out the average selling price 2007 compared to 2006?
In 2007, they generated 1.309 billion on 6374 homes sold, resulting in an ASP of $205,000
In 2006, they generated 2.532 billion revenue on 10430 homes sold, for an ASP of $243,000.
This is nearly a 16% annual decline in ASP, which of course, does not include any incentives DR had to include to entice the buyers.
But, not to worry, housing never goes down.
No. We're still scraping away at the bottom. I'd rather catch it on the upswing and miss a few points than watch my money do nothing for the next year.
No, Seth; let me explain it to you. You see, housing is still going to fall further because blah blah blah. Heh heh. That reminds me: have you read OneStarHero's pitches and the replies?
I'll have to look at those... Tomorrow, when I'm on da clock!
I'm waiting until Q4 earning to get long any homebuilders. There is going to be some serious shakeouts from the massive liquidation of inventory from homemakers like Beazer. Numbers are going to get worse for Q4 especially when credit markets are still seized for any JUMBO MBS.