D R Horton just sent me an almost identical e-mail, very doom and gloom, down payments are doubling, zero down has taken it’s last gasp. I wonder if it will affect them or this is just another “hurry and buy” tactic.
With regards to stan pac, I didn’t think they’d last this long, their stock has had a few pops but usually stays around $3 a share, while it’s quarterly losses are huge and it’s borrowing costs are horrible. I guess the second half of the year will be a telling time.
