MHO stock up 4% on an 82c beat in eps. New contracts were also up 17% which bodes well for future quarters too. Another home builder, PHM had also reported strong results yesterday. I opened a position in FOR after a recent discussion of it on this board . This is a land development company that sells most of its lots to DHI. FOR sells about 90% of its lots to DHI, the rest to other builders.. That amounts to about 15% of DHI's lots but they want to get that over 30%. That would double FOR sales, and presumably profits. Many builders are pursuing a land light approach, buying ready to go lots from others rather than developing their own. Another builder, NVR, pioneered this approach over 30 years ago and has been very successful. 30 years ago, NVR sold for $6/ share, today it is over $7,000/share!
