LEN, DHI, KBH, TOL: Housing Downturn Won't Be As Bad As 08-09 Recession

National home builder sentiment is down 50% from 6 months ago, says Erin Sykes. She and Lee Bohl discuss the outlook for homebuilders. Erin notes that it's possible we've been in the depths of the recession for months. Lee says the coming housing downturn won't be as bad as the 2008-2009 recession. He also notes that housing affordability is at its lowest since 2012. They then go over reasons for optimism in the housing market heading into 2023. They also highlight homebuilder stocks such as Lennar (LEN), D.R. Horton (DHI), KB Home (KBH), and Toll Brothers (TOL). Tune in to find out more about the stock market today.