Buffett Rumor Lifts Builders

Buffett Rumor Lifts Builders

There are 1 comment on the TheStreet.com story from Jul 13, 2007, titled Buffett Rumor Lifts Builders. In it, TheStreet.com reports that:

Beaten-down homebuilder stocks got a boost Friday after a rumor floated around that Warren Buffett is buying shares of Hovnanian .

Join the discussion below, or Read more at TheStreet.com.

the Realist

Plant City, FL

#1 Jul 13, 2007
I hope that all it is, if it real, I would advise anyone holding stock in his company to evalute this judgement, if true.

There is not a single home builders stock that I would even look at for a least three years and beyond.

The Land Impairment Charges are a dead give away, NYSE Builders take land positions far into the future in order to have supply in an expanding market, the exact opposite is now happening, and that is the kiss of death.

They should be buying if the future looks bright.

With falling home prices and being upside on a mortgage is not a healthy economic state,definitely not a moral booster to most middle class people, home prices are going to have to fall which in turn will devalue the land supply, this is the best financial outcome for the Federal Reserve as falling home prices will deceitfully hide non core inflation data, this is much better than wages and salaries rising to meet afffordability numbers in purchasing any home, new or used. Higher wages are not something that the Fed wants to see, they would rather see pain and suffering to those whose financial condition falls in line with their wage inflation targets.

Hey Warren , if you need any advice on Home Builders give me a call.

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