How will be the housing market?

I am traking the the few company that ultimately track the real estate/housing market in the US. Recently they annoucned the result and they disappoint the investor with their outlook. We should listent what the executive of this company has to say abou the outlook of the market. The sample of the compnay are Washington Mutual, Caterpiller, and Dhi

Here is the caterpiller executive says

"Housing construction dropped sharply in the U.S., and the recent reversal in mortgage rates is unlikely to revive activity much this year," according to the company's forecast. It predicts housing starts to decline to about 1.75 million units in 2007.

Here is Washington Mutual executive says

"This is about the most difficult environment we've seen in the mortgage banking industry since the early to mid-90s," Steve Rotella, president and chief operating officer, said Wednesday in a conference call with analysts.

D.R. Horton offered buyers $120,000 in savings last month at the Tuscan Estates in the Elk Grove area near Sacramento. A Pulte development near there advertises homes valued between $456,000 and $654,000. And Beazer Homes USA Inc. offered no monthly payments for six months at Fieldstone Meadows in Folsom, Calif.

Citigroup economist Steven Wieting said, "It's possible the price statistics are not reflecting the incentives." In a recent report, Wieting wrote, "In August, the median new home sales price fell 1.3 percent. Building 'incentives' are probably much larger."

When come what they really means always read the 10Q and 10K where they have to discolse the business condition.