The homebuilders have gotten battered since early May and now look like bargains especially when considering how lumber prices have plunged in recent weeks - [pre] TKR LOSS Cur Pr High Pr Date of High NAIL -41% 69.54 117.65 05/10 BZH -34% 17.17 26.12 05/10 TMHC -28% 23.96 33.06 04/27 CCS -27% 60.78 83.2 05/27 MHO -26% 55.76 74.85 05/10 KBH -25% 39.35 52.48 05/10 MTH -25% 90.52 120.19 05/10 NWHM -25% 5.24 6.945 05/10 TPH -24% 19.96 26.35 05/10 TOL -21% 54.4 68.88 05/10 PHM -19% 51.75 63.905 05/10 DHI -19% 86.77 106.89 05/10 LGIH -16% 158.58 188 05/10 LEN -13% 96.33 110.61 05/10 AVERAGE RETURN = -25%