Stock price when the opinion was issued
They report Tuesday. Housing the linchpin of the economy and prices keep climbing. We need to hear if they will build more homes or keep the supply so tight that housing prices won't come down. The buildings are limiting supply to keep gross margins up and prices up, but it's terrible to fight inflation. Housing stocks have hung up because we have a housing shortage, but how long can this last when we see pushback on the prices of other items like dining out, apparel and airline tickets, all of which have risen dramatically in the last 5 years.
First and foremost, you want to have a view on what you think is going to happen to new US housing. This company had a great, great run coming out of the bottom of 2008. Now it is subject to profit taking. Prefers Tricon Capital Group (TCN-T).