Buying Ahead of Builders' Soft Landing

I must be crazy!

I started buying homebuilders last week when the sector was getting pummeled on a miss by American Standard(ASD Quote) and some cautious comments by NVR(NVR Quote).

I still expect a tempering in the housing market in both units and prices, but don't be a momentum moron and sell or short the sector down here!

I expect large public builders to weather a soft landing with decent fundamentals. They may grow a bit or drop a bit, but the stocks are discounting plunging conditions in sales and profits. ...