Reply #5: Before the number of homes being built increases....

[AnneD]

we have to have true price discovery and dry up excess inventory. As long as the banks keep holding inventory off the market and refuse to lower their still over inflated prices-the market will not recover. The prices have not come down to a realistic level in line with folks real wages. The banks have not taken hair cuts yet, just the home owners. Banks refuse to deal with people upside down in their mortgages and would rather foreclose and resell at a higher rate now that we have a recovery going :sarcasm: :eyes:

Let the owners lose their equity, there will be another sucker come along.

Homebuilder confidence is like wishing for a gold toilet. Yes it would be nice but it just isn't in the cards now.