by Calculated Risk on 5/16/2008 02:33:00 PM

"In general, most markets are pretty tough. We're still seeing pricing pressure out there and I think for the foreseeable future we're still going to see it."
Beazer Homes CEO Ian McCarthy on conference call, May 16, 2008

And some other recent home builder comments:

"I don't think we're anywhere near a bottom in housing. We're going to have a big inventory of unsold, unoccupied homes that's going to take three or four years to clear out."
Eli Broad, founder, KB Homes, April 28, 2008

From MarketWatch: Spring a bust for housing market (hat tip charts)

[Toll Brothers] chief executive, Robert Toll, said traffic levels at its communities were "the worst that we have ever seen."

And from the NAHB:

"[T]he message is very clear: The single-family housing market is still deteriorating..."
NAHB President Sandy Dunn

"[T]he housing market has shown no evidence of improvement thus far. In fact, conditions have continued to deteriorate in recent times...”
NAHB Chief Economist David Seiders

There is a reason home builder confidence is near record lows.