Today’s question comes from Wayne in Mississippi
I’m observing that the share prices for national home builders like DR Horton and Lennar are both down 29% and 28.5% respectively from their highs in December. Both companies are competitors and their stock prices seem to be tracking one another. They’re both well managed companies with a strong pipeline. What is behind the share price drop? What does it tell us about the housing market going forward? How will this impact us as real estate investors?
Host: Victor Menasce