I’ve seen it on the blog, so it’s no surprise to me that trouble in the housing market has some folks hot under the collar and others hosing them down. CEO’s of the major homebuilders gave me the cold shoulder at a J.P. Morgan conference last week, including Richard Dugas, CEO of Pulte Homes  (see June 12 blog).

Dugas simply declined to be interviewed, but some of the others, like the CEO’s of Ryland, Standard Pacific and D.R. Horton  blamed me outright for making them look foolish and making the housing market look all but unsalvageable. Thank goodness Dugas didn’t happen to bring a water truck to the conference or I might have been doused. Pulte reported a net loss of $85.7 million in the first quarter of this year, revenue down 37%. On May 29th, Pulte announced it is cutting 16% of its workforce, that’s 1900 jobs.