HB's set up for a 10% bounce. But that is probably it. Inventories will be high for another 12 months at least. A sustained up move probably won't happen for another year.
Unless things get much worse, the stocks can't fall much more because they all all trading at near book values. Book value may be understated as most of land has appreciated.
Fed will likely hike for last time next meeting. My best guess, which is just a guess is that home builders settle out about 7-10% above today's prices. I doubt home builders fall another 10%.
