3309 Drysdale Ct
Edwardsville, IL 62025
ITB ... Never thought this would lead to such downside when I
first started posting it as a topping candle on May 11th ...
Not much into narratives, but good for context... I've been
looking for a place in Colorado. Went out there last week to
look around. Visited with a half dozen medium to large-scale
home-builders. Same story with each one... their current
developments are sold out and they don't have new ones ready to go.
It typically takes years to sell all the homes in a large
development, so they have time to tee up their next location.
Some were looking at start dates 18 months out, some had
nothing new tee'd up at all. Years of revenue have been
condensed into a very short time frame and it sounds like the next
12-18 months could be pretty lean for them.
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