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BallsOutNinja t1_j26tb89 wrote

Reply to comment by robbinhood69 in Thoughts on Buying Puts for Home Construction companies by Realistic_Weight_703

LEN just reported lower than expected margins on the last earnings.

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zippynj t1_j277jdh wrote

Yes I was on earnings call a month ago

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robbinhood69 t1_j27p0p9 wrote

fwiw LEN is diff demo lower cost housing, TOL average sale is 1mil, i'm bullish TOL KBH BLDR LPX BXC PGTI

i know i'm moving goalposts here a bit but i've said this in other comments, higher end homebuilder r diff

Homebuilder that are localized like the shit ackmans in that serves phoenix vegas texas is fucked

lower end possibly fucked idk i haven't really looked into it

EDIT : lower end of econ is getting fucked in a much diff way than higher end rn blah blah i know i'm shifting goalposts a bit here

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BallsOutNinja t1_j28v9jw wrote

I do not totally disagree with this, for now, higher end builders seem to have more demand at this time. However that could change.

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