BZH Great numbers plus they are trading way under book value too (.68X BV) They did sound more cautious in their CC than most other builders. With that, I still think their $6 eps number is conservative. I was surprised to hear that numerous lenders are offering 8-9 month locks on mortgage interest rates when we know rates are going to continue to rise. The only question is how fast.
All of the builders I've seen are beating estimates here. They had a strong day yesterday but are mostly flat today. Even BZH with its huge beat. I can't blame investors from shying away from the group due to memories of 2008 crash. But this time is different as there are only 25% of the homes on the market that there were back then. Plus a 1.5 million home shortage due to underbuilding over the last decade. Some of these dirt cheap builders should be bought out.
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