It’s not often that you hear such candor from a corporate executive:

“I don’t want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year,” D.R. Horton Chief Executive Officer Donald Tomnitz said at a Citigroup conference in New York on Wednesday. “Our future is not as bright as what we would like it to be.”

It seems that some are slagging him for making such a statement, but I find it refreshingly honest after all the mealy-mouthed corp-speak that we usually get in these situations.