Pressure Finally Being Relieved in the Homebuilding Sector?
Since late 2005, our nation's homebuilding sector has been losing ground at a sometimes alarming rate. Despite several temporary reversals in overall momentum, the general trend has carried the sector down over 77 percent in the last three years, leaving many long-term investors disheartened and utterly frustrated. This has caused something of a snowball effect in the industry. When any surge in price has occurred, nervous investors have been waiting with their fingers on the "sell" button in the hopes of escaping a nightmare. The problem with this philosophy is that it does little more for the overall picture than…