Quotes About Homebuilders

Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new and existing homes had fallen about 15 percent below their peak levels. Homebuilders responded to the fall in demand by sharply curtailing construction.

fear, however, was the rotation out of economically sensitive consumer discretionary stocks (which include retailers and homebuilders) and into economically resistant stocks like consumer staples.