{"id":212404,"date":"2010-01-22T00:05:00","date_gmt":"2010-01-22T05:05:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/whitney-tilson-im-shorting-the-hell-out-of-homebuilders-because-america-wont-need-any-more-homes-for-years-2010-1"},"modified":"2010-01-22T00:05:00","modified_gmt":"2010-01-22T05:05:00","slug":"whitney-tilson-im-shorting-the-hell-out-of-homebuilders-because-america-wont-need-any-homes-for-years","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/212404","title":{"rendered":"Whitney Tilson: I&#8217;m Shorting The Hell Out Of Homebuilders Because America Won&#8217;t Need Any Homes For Years"},"content":{"rendered":"<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Whitney Tilson makes a pretty simple, yet solid point against U.S. homebuilders. The U.S. has a massive oversupply of housing right now, as evidenced by the collapse of housing prices. Millions of additional foreclosures are on the way as well.&nbsp;<\/p>\n<p>Thus until the U.S. works off its massive oversupply of housing, it won&#8217;t need any new houses for a long, long time. Thus there will be little work for homebuilders and their employees even if the economy is recovering.<\/p>\n<p>Conveniently, homebuilding stocks such as KB Homes (KBH), DR Horton (DHI), and Lennar (LEN) have rallied quite a bit from their March 2009 lows, even if they&#8217;ve come off from their 52-week highs already. Whitney Tilson has homebuilders as a major short position; it&#8217;s certainly an idea worth investigating.<\/p>\n<p>Start at 3:00<\/p>\n<ul>\n<li>&#8220;So we think over the next couple of years, there are millions more foreclosures.&#8221;<\/li>\n<li>&#8220;We&#8217;re not predicting calamity, but it&#8217;s going to keep the housing market under pressure.&#8221;<\/li>\n<li>&#8220;Homebuilding is our single biggest category of short.&#8221;<\/li>\n<li>&#8220;There&#8217;s no need for new houses for at least a couple of years in this country.&#8221;<\/li>\n<\/ul>\n<p>\n<object id=\"cnbcplayer\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" width=\"400\" height=\"380\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\"><param name=\"type\" value=\"application\/x-shockwave-flash\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"quality\" value=\"best\" \/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"bgcolor\" value=\"#000000\" \/><param name=\"salign\" value=\"lt\" \/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390506165\/code\/cnbcplayershare\" \/><embed type=\"application\/x-shockwave-flash\" width=\"400\" height=\"380\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390506165\/code\/cnbcplayershare\" name=\"cnbcplayer\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/whitney-tilson-im-shorting-the-hell-out-of-homebuilders-because-america-wont-need-any-more-homes-for-years-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/whitney-tilson-cadbury-will-still-get-a-good-deal-2010-1\">Whitney Tilson: Relax, Warren Buffett Didn&#8217;t Screw Up The Kraft-Cadbury Deal<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/whitney-tilsons-t2-partners-short-positions-unveiled-2009-12\">Whitney Tilson&#8217;s T2 Partners: Down 1.2% In November, But Up Huge For The Year<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/whitney-tilsons-investment-strategy-2009-11\">Whitney Tilson: Go &quot;All-In&quot; On The Safest, Most Solid Plays You Can Find<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/aCHrZLeU6JE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whitney Tilson makes a pretty simple, yet solid point against U.S. homebuilders. The U.S. has a massive oversupply of housing right now, as evidenced by the collapse of housing prices. Millions of additional foreclosures are on the way as well.&nbsp; Thus until the U.S. works off its massive oversupply of housing, it won&#8217;t need any [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-212404","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=212404"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212404\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=212404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=212404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=212404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}