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Can Home Depot rebuild? |
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| Jan 27, 2009 04:25 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports, Bad news, Home Depot (HD), Stocks to Buy, Recession
The result of the carnage will be a change in behavior that always comes with crisis. The biggest trend I see happening will be with respect to new construction, or, shall we say, the lack thereof. Homebuilders are operating at historically low levels, meaning less supply on the market. But the assumption that demand for new homes will magically reappear once that supply dissipates is erroneous. Instead, look for homeowners to focus on making do with current stock. Continue reading Can Home Depot rebuild? Can Home Depot rebuild? originally appeared on BloggingStocks on Tue, 27 Jan 2009 11:25:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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The homebuilding sector collapse has been longer and deeper than even the most pessimistic expected. Prices continue to fall and foreclosures keep rising. With so much supply on the market, the end does not seem near.Be the first to comment on this story and earn 2 points.
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