Rick Palacios Jr.

Nobody 100% believes the high growth multifamily construction numbers being reported by government data sources these days (including us). CEO of Builders FirstSource $BLDR on earnings call today articulating how many people in the industry feel lately. https://t.co/csW1SEZ9bd

Happy Fed Day, as Warsh takes the reins amid what is clearly a soft landing so far for the economy (pretty rare following rate-hike cycles). https://t.co/oOxSTmgKAr

Homebuilders like $DHI and $TMHC reporting sharp, swift declines in unsold finished homes during earnings so far is good news for the sector. Excess spec inventory has been one of the biggest drags on margins in recent years.

High-income job declines don’t work well for the housing market. This is a trend (namely at local level) we’ve been hammering on the last few years as we maintain a weak outlook for housing in general. https://t.co/jN2DMafhy5 https://t.co/NhCzjO8knR