D.R. Horton has seen a twenty-four percent more homes sold this year than last, but its CEO, Donald Tomnitz, is still uncertain about the strength of the recovery. He told an earnings conference call that “I still don’t see a lot of jobs being created.” In response, the markets sent D.R. Horton stock down.

Despite Tomnitz’s wariness, many economic indicators continue to improve. CNBC reports that mortgage delinquencies are down to 5.41%; in the third quarter of 2011 they were at 5.88%. Tim Martin of TransUnion pointed out that “we still have a long way to go to reach more ‘normal’ conditions of a delinquency rate in the 1-2 percent range for the U.S. average.”