HINT 1: These are all home building companies
HINT 2:
Foreclosures Keep Rising
Andrew Farrell and Evelyn M. Rusli, 08.21.07, 2:30 PM ET
FORBES
Spiking mortgages defaults, which have wrecked U.S. credit markets, show no signs of retreat. Last month's foreclosures nearly doubled from a year ago as more homeowners failed to make payments on time, according to a report released by RealtyTrac on Tuesday.
RealtyTrac, which maintains a national database on U.S. real estate, said foreclosures rose 93% in July from last year and 9% from June.
Spiking defaults are also an unwelcome sign for homebuilders. Defaults will keep supply high and demand low in an already weak housing market.
Posts
No comments:
Post a Comment