The year in the US new home industry in a nutshell

Courtesy of Dealbreaker's Opening Bell:
D.R. Horton CEO: '2007 is going to suck' (Reuters)If you're investing in homebuilders, you might want to keep hitting the snooze button for the next several months. The CEO of DR Horton is making it pretty plain. 2007 is going to suck. No real mystery, it sounds like pretty much more of the same. Not too many homes are going to be sold, and the price they are sold for is going to be weak. And whatever profits the company is going to make will be canceled out by big writeoffs on all the land they've spent so much on in recent years.

Really, what is left to talk about?

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