Housing Bust: Builders Are Slashing Prices

Is housing finally rolling over?

In early 2023, the stars appeared to align for another housing bust. Home prices were crazy high, consumers were over-indebted, and mortgage rates were rising towards the dreaded 7% level. Add it all up, and a bust at least as dramatic as that of 2007/2008 — when homebuilder stocks fell by 80% — seemed imminent.

So I added three big homebuilders — D.R.H…