Replies to post #93589 on Savvy Trades and Investments

[cliffvb]

CCS Wade, this guy at SA disagrees with your bear thesis and so do I:

https://seekingalpha.com/article/4475974-century-communities-stock-dirt-cheap-5-3x-pe

The supply of new homes simply cannot keep up with demand as builders are throttling sales while they continue to raise prices and margins due to the supply chain shortages. Yes, the Fed said they will raise rates next year, yet mortgage rates actually dropped slightly last week. Most builders see clear sailing even if mortgage rates rise to 4% or so.

You've been bearish on the home builder sector for a long time and missed some big profits in the group.