The Impending Second Wave Of Decline In The Housing Market Has Largely Gone Unnoticed

"While the market has been focused on the Euro, China and the BP oil spill, the impending second wave of decline in the housing market has largely gone unnoticed. Recent housing numbers have mostly been bolstered by the home buyers’ tax credit that expired on April 30th, the date when contracts had to be signed to qualify."

By Comstock

Stocks: Lennar Corporation (LEN), D.R. Horton, Inc. (DHI), PulteGroup, Inc. (PHM), Toll Brothers, Inc. (TOL)

Etf: iShares Dow Jones US Home Const. (ETF) (Public, NYSE:ITB)