beige book vs d.r.horton

housing was mentioned in 7 of 12 regions as soft, slump, deceleration, dipping, weak, mixed, steadied....

scheint so als wenn fast fllächendeckend der immobilienmarkt zum problem geworden ist. die umschreibungen reichen von leicht bis rapide.....

größer/bigger http://graphics8.nytimes.com/images/2007/03/08/business/08econ.graphic.jpg

here is another quote from the d.r. horton ceo tomnitz (biggest us builder)

“I think from our perspective clearly it’s a little early to be talking about M&A largely because of one good reason, as I said earlier the reason your going to buy another builder is primarily for their land and lot positions… and as we work through 07 and I’ve clearly said,… I don’t want to be too sophisticated here… but 07 is gonna suck. All twelve months of the calendar year. ”