At least some of the economists surveyed by The Wall Street Journal believe that problems in the housing industry will "abate" in 2007. Anecdotal information suggests otherwise.

Big home builder Lennear (LEN) cuts its fourth quarter estimates by as much as 46%.

Maybe someone is wrong.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.