Homebuilders thrive
Centex Homes and Meritage Homes have both published excellent financial results for the first part of the year. These two companies are among the biggest homebuilders in the U.S. Therefore one could suspect that the past year has been good times for homebuilding companies. It is easy to show profit when the finished products sell at stellar prices.
Now there might be some clouds gather to the horizon, for example, according to the Building Online, Centex Homes has started an extended employee pricing for the homes they build, so that if you order now, you get 5% discount. Could this be that classic trick of closing as much sales as possible before a drastic turn in market climate? You are all welcomed to give your opinion, just comment freely.
