More data points on the weakening homebuilding sector

Aaron Pressman

A few interesting data points on the future of homebuilding stocks: a piece in USA Today today notes that homebuilders are shedding land and land options they own. Not only is this contrary to one of the professed strategic advantages that the builders were claiming only a year ago, it’s also evidence from those on the front lines just which way the housing market is going.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.