HeavyD, I do not disagree at all and concur with all of your conclusions above. I just wanted to share what I recall reading on one of the sites.
These guys have a lot of cushion and are my no means operating on thin margins and am sure that they anticipated and have prepared for this slow down.
In the new developments that my wife and I have looked at in Scripps Rch, the builders have not budged on prices and have provided little to nothing in terms of incentives. And they all have a dozen or so unsold homes sitting on their hands. But it appears that they are not hurting enough yet to lower prices or deal.
I know that there are other developments where the builders are being much more generous. Year end should prove interesting as they try to unload the unsold homes that are on their books.
