Tag Archives: Homebuilders

In Case You Missed It: The Eleven Quotes that Matter from This Earnings Season

Despite the ongoing recession and carnage ongoing in the labor market, the 2Q09 earnings season in many respects has been nothing short of spectacular.  According to the Wall Street Journal, 337 companies in the S&P 500 have already reported.  Of these companies, 74% beat earnings expectations, 9% reported inline results and 17% actually missed earnings.  [...]

Housing is the Business Cycle, So Where are We Now?

As we’ve mentioned in the past, we are firm believers in Edward Leamer’s thesis that “Housing is the Business Cycle“. It continues to shape the prism through which we view the economic cycle. The relative stability in new and existing home sales VOLUME (not price) has, in part emboldened the bulls who most [...]