When asked about the sector overall, Dugas said "the homebuilding sector remains fairly stable." Dugas also sees improvement within the industry in 2010.
One key focus of stabilization remains on pricing. Zillow reports that 60 percent of all homeowners believe their home lost value over the past year while in reality 83 percent lost value.
Even more shocking is that 81 percent of homeowners believe their own home's value will not fall over the next six months. Most of the analysts out there predict another 10-15 percent drop in prices before we hit bottom.
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When asked about pricing, Dugas told Maria Bartiromo "prices will not fall a lot from here…if it does at all."
Dugas says government reports are lagging indicators versus what homebuilders see on the front lines day-to-day, which is more telling. And for investors looking for the inside edge on housing, Dugas unveiled the most important indicator on the housing front. Drum rolls please? The answer is new orders!
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