Submitted by Realistic_Weight_703 t3_zxvi00 in wallstreetbets
zippynj t1_j24vqic wrote
Reply to comment by robbinhood69 in Thoughts on Buying Puts for Home Construction companies by Realistic_Weight_703
I'm not proving your point what so ever. I don't lose sleep on people not believing what I live day to day. I'm just stating the facts from the northeast region. I really don't give a shit what your thoughts are if you believe me. Sales are down 30% month over month. Monthly cancelations are over 15-17% where normal was 5 Home prices are reducing by 5% cutting into margins As they continue to decrease to meet sales goals. Well. Do the math. A 20k lumber reduction on a house doesn't cover the margin loss with sales price and PSF cost
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