Savvy Trades and Investments

[cliffvb]

LEN Interesting that they guiding for 16-18K new orders next quarter Q3. That compares with 17.6K new orders in the just completed quarter. Not much of a drop with the big increase in mortgage rates we've seen,

Almost all the home builders are now selling for less than book value, including LEN , an industry giant with relatively low debt ratios. None expect the market to fall off a cliff like in 2008. Smaller builders with higher debt ratios are even cheaper. BZH is selling at only .42X book value and a PE of 2.