How Desperate are the Homebuilders?

NEW -> Contingent Buyer Assistance Program
Copy of "ZERO Down Now Before New Housing Bill Takes Effect" email I got from Standard Pacific...



http://www.activatemail.com/amail/backup.php?&messageID=7907&utm_medium=email&utm_campaign=msgid.7907
 
I ran into someone from my old neighborhood that has worked for builders for many years. I think mostly recently at Toll maybe. Anyhoo, he recently got terminated and said that they were "going into a fetal position", i.e. skeleton staff to hopefully ride it out until a rebound. I think more and more builders will start to succumb if things don't improve soon...
 
[quote author="ipoplaya" date=1221733701]I ran into someone from my old neighborhood that has worked for builders for many years. I think mostly recently at Toll maybe. Anyhoo, he recently got terminated and said that they were "going into a fetal position", i.e. skeleton staff to hopefully ride it out until a rebound. I think more and more builders will start to succumb if things don't improve soon...</blockquote>


When housing economy deteriotes "fetal" becomes "fecal"
 
Got this email from Lennar - pretty sad when you have to fish for the last of the perpetually optimistic flippers...



http://view.updates.lennar.com/?j=fe8411787c6d0d7f74&m=fefb1c70716503&ls=fe0015767566017976167677&l=febd1d757d6d047e&s=fe1f107571610c7b751379&ju=fe5c11767d67037e7416
 
[quote author="Anonymous" date=1224034660]Got this email from Lennar - pretty sad when you have to fish for the last of the perpetually optimistic flippers...



http://view.updates.lennar.com/?j=fe8411787c6d0d7f74&m=fefb1c70716503&ls=fe0015767566017976167677&l=febd1d757d6d047e&s=fe1f107571610c7b751379&ju=fe5c11767d67037e7416</blockquote>


Wow, does that look like an ad from a used car dealership or what. All they are missing is Cal Worthington and his dog, Spot.

<img src="http://www.calworthington.com/home/caltiger.jpg" alt="" />
 
http://builder-implode.com/



Follow your favorite builder as they go down in flames.



I blame congress of the years 2000 for passing the deregulation and allowing the banks to be the new bucket houses which is legalized gambling on the market.



Working in new homes for the last 16 years a lot of my friends are unemployed and the few who are still employed don't expect to be having a job for very long. Very sad...
 
[quote author="SoCal78" date=1224037836]



Wow, does that look like an ad from a used car dealership or what. All they are missing is Cal Worthington and his dog, Spot.

<img src="http://www.calworthington.com/home/caltiger.jpg" alt="" /></blockquote>


I thought ?Spot? was a chimp.
 
You're right. Spot has been everything from a bear to a lion to a killer whale... and everything in between... including a chimp.
 
Home builders' index falls to record-low 9 in November

<A href="http://www.marketwatch.com/News/Story/Story.aspx?guid={49EA09D7-A841-4126-B496-46A8ADAD9815}">http://www.marketwatch.com/News/Story/Story.aspx?guid={49EA09D7-A841-4126-B496-46A8ADAD9815}</A>
 
Lennar spam

<A href="http://view.updates.lennar.com/?j=fe9512757166077874&m=fefb1c70716503&ls=fdf315797c62027976177375&l=fea315717565057b77&s=fe1f107571610c7b751379&ju=fe631272726c077c7515&r=0">http://view.updates.lennar.com/?j=fe9512757166077874&m=fefb1c70716503&ls=fdf315797c62027976177375&l=fea315717565057b77&s=fe1f107571610c7b751379&ju=fe631272726c077c7515&r=0</A>
 
Hovnanian May Fail `Absent Miracle,' Analyst Reports (Update1)

<A href="http://www.bloomberg.com/apps/news?pid=20601110&sid=aEB6FrKeEXRA">http://www.bloomberg.com/apps/news?pid=20601110&sid=aEB6FrKeEXRA</A>
 
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