Clueless Builders

[Terrel L. Shields]

Chad Dreier, chairman Ryland Group Inc., looks for Congress to dole out some relief to the homebuilding industry thru proposed legislation to raise the limits on the size of home loans backed by FHA.

"Believe me, we need some tail winds," Dreier said.

Asked when new home sales would bottom out, Dreier responded: "I don't have a clue."

 

[Alison Swain]

Chad Dreier, chairman Ryland Group Inc., looks for Congress to dole out some relief to the homebuilding industry thru proposed legislation to raise the limits on the size of home loans backed by FHA.

"Believe me, we need some tail winds," Dreier said.

Asked when new home sales would bottom out, Dreier responded: "I don't have a clue."

At least he's honest. More candid answer than you'd have gotten from Lawrence Yun.

 

[Terrel L. Shields]

I can imagine... "FHA limit changes will bring in new buyers and there is excellent choice. All the pent up demand for housing will bring these new buyers in because they will have better chance of financing. Expect an upturn in sales next quarter. We are past bottom. Housing will pick up and accellerate from here"....

You mean something like that.... ?

 

[Charles Witt]

FHA is the next sub-prime....................

 

[Restrain]

In the paper today...Buy a new home and get a second home FREE! YIKES. How do you adjust for that concession? And how do you make the loan.