Unfortunately, however, retailers ordered holiday inventory when raw material prices were at all-time highs, so they will be passing along those cost increases to the consumer in order to preserve margins, the firm said.

FORBES: Retail inventories increase amid modest holiday sales views

Short-term loans to carry inventory and buy raw materials are no longer available.

ECONOMIST: Bankruptcy in Asia

Meanwhile, with the inventory of finished lots dwindling, investors are beginning to bid up raw land, as well.

WSJ: U.S. Land Gets More Expensive