Just saw the figures,

this morning, that D.R. Horton, the nations' largest homebuilder, based on volume, 2nd in total price, says it's normal spring 'kick-off' of sales has failed to materialize. In California, which leads the nation in most trends, sales for the first three months are down 59%. The CEO was quoted as saying, 'Sales are going to suck, for the entire year.' Hmmm. Pretty plain talk from a CEO. Hate to say it, but once this snowball starts picking up speed, and we're already rolling downhill, we are in for a MAJOR correction in the housing market. Strap yourself in and get ready for a wild ride.....

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