On the Homebuilding Front, Signs of Trouble

Dan Dorfman says:

Investors certainly ignored a telling market clue: Donald Trump recently boasted in a TV ad that he was being paid more than $1 million to speak at a symposium on how to make money in real estate.That ad, coming as it did on the heels of the biggest bull market in the history of real estate, seemed to some Wall Streeters as an unmistakable sign of a market top.

A rather interesting indicator.