I'm short KBH as of last week. Rich, thanks for posting those comments. I thought when they came out and said they won't give monthly sales numbers anymore that something was up. They also said that 13% of the homes they sell get downpayment assistance. That really doesn't say much but does tell me that they are getting a significant amount of sales from a market that has low margins. Also if FNM tightens qualifications that could cut off some of this low income buying. Just a small position now and waiting for more cracks.
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