Director of Research | John Burns Research & Consulting @JBREC | Previously @MorganStanley & @MilkenInstitute | All things housing
Cite asCryptoQuant has tracked 2 directional calls by @RickPalaciosJr on X since May 2021: tracked, not yet ranked (below the accuracy-scoring baseline) (as of Nov 11, 2026).
There were 56,000 new homes sold in September (-3.4% YoY, NSA). Subtract the 1,233 homes Lennar sold to Millrose, and the decline shifts to -5.6% YoY. Homebuilder bulk sales like this will likely accelerate in 4Q26, keeping sales from falling off a cliff. $LEN $MRP
View original →Comment that stood out to me from this morning’s Lennar earnings call that captures just how tough affordability is today: “As in many of our markets, almost 50% of our visitors cannot immediately qualify.” $LEN
View original →One clear housing theme in earnings is the upmarket consumer shift and outperformance, gaining traction. Homebuilders like Meritage pivoting away from just starter homes, Wayfair’s high-end success with Perigold, and Compass on the brokerage side.
View original →COO of $INVH on fundamentals improving in what were the most oversupplied and often worst new lease rent growth markets. We’re seeing it YTD, namely FL and somewhat TX, markets where homebuilders have pulled back massively on starts and were big contributors to supply. https://t.co/bXk8GjnbUx
View original →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
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