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Home Builders Pessimistic: Pricing pressure for the foreseeable future

Posted on May 16, 2008

In general, most markets are pretty tough. We're still seeing pricing pressure out there and I think for the foreseeable future we're still going to see it. Beazer Homes CEO Ian McCarthy on conference call, May 16, 2008 And some other recent home builder comments: I don't think we're anywhere near a bottom in housing. We're going to have a big inventory of unsold, unoccupied homes that's going to take three or four years to clear out. Eli Broad, founder, KB Homes, April 28, 2008 From MarketWatch: Spring a bust for housing market (hat tip charts) [Toll Brothers] chief executive, Robert Toll...

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housing , lows , markets