This article is an interesting read because it describes the market structure for the big home builders.
How Big U.S. Home Builders
Plan to Ride Out a Downturn
D.R. Horton Keeps Costs Low As It Takes On Small Rivals In 'Pickup-Truck' Markets
Skepticism on Wall Street
November 30, 2005
"We can earn our way through any economic cycle, except one like the Great Depression," says Mr. Tomnitz, a former banker and Army captain who has served as D.R. Horton's CEO since 1998, six years after the company went public.
