Feb. 26 at 11:54 PM
$HOV $NAIL $TOL &crooner72 yeah contra bond vigilantes delayed the move but that period is coming to a crashing end currently. Mortgage rates falling fast and shaping up for the spring market. Spot check has 30y dipping below 6.5 today. Builders held up fine during winter Q1 headwinds. Nov-Dec-Jan. Some lesser margins but still very profitable. All hedge fund phycology right now but yields are crashing fast and mortgage applications will be rising as the cold weather breaks up. We had record cold weather in Jan, always softens the market. Interest rates coming down, inflation trending down in real time, oil down, labor much softer. Fed to restart cuts in June. Funny the psych ops, sector is being shorted on rear view looking data we all know exists in January. But forward looking sentiment is looking a lot better because of the yield movement… which is typically what moves markets. Hedgies slow to adjust
Builders in fine shape for the future and this a great accumulation spot.
