Proprietary Research

Western Markets Report - Is It Spring Time Already?

Homebuilding Survey - Builders Feeling Good Heading into the New Year

Multi-Family Market-Level Forecasts - 2020 Forecasts Suggest Slightly Softer Growth For MAA and UDR

Portfolio Manager Weekly Z-Cap - Builder Share of Smaller Homes Spikes to New High

KB Home - Another Step Forward, But Bar Moving Higher

Proprietary Look at Builder Price Points - Another Giant Leap for Entry Level

Lennar - Everything Trending in the Right Direction

Zelman's Weekly Tape Measure - Week of January 6, 2020

Western Markets Report - Capping Off a Strong Year

Zelman's Weekly Tape Measure - Week of December 30, 2019

Western Markets Report - Still Humming Along into the Holidays

Turning the Lights on Household Formation - Starting Next Decade on the Right Foot

Macro Housing Quick Take - A Light New Home Sales Print, but Improving Trend Still Clear

Real Estate Broker Survey - Still Tracking for a Strong Close to the Year

Macro Housing Quick Take - As Expected, A Step Back for November Existing Home Sales

Underwrite This, Amortize That - An Investor's Guide to Housing Finance

Apartment Survey - A More Cautious Posture Warranted, Adjusting Valuations

Macro Housing Quick Take - Accelerating Growth but Some Nuances in the Numbers

Building Products Survey and Company Takeaways - Growth Back on Track, Margins Remain Robust

The Art of Measuring Home Prices - Modest Reacceleration Starting to Come Through

Zelman's Weekly Tape Measure - Week of December 16, 2019

Mortgage Survey - As Refis Fade Next Year, Expect Competition to Heat Up

Swapping TOL for DHI in Top Idea Basket - Maintain Buy Rating on DHI

Western Markets Report - No Sign of Letting Up

Toll Brothers - Strong Orders, Awaiting Margin Commentary

Portfolio Manager Weekly Z-Cap - Smart-Home Technology Heating Up

Hovnanian Enterprises - Encouraging Results

Smart-Home Technology - The Latest Amenity: Exploring Recent Trends and Highlighting Key Points of Focus

Western Markets Report - Thankful For Strong Sales

Portfolio Manager Weekly Z-Cap - Strong Fundamental Trends in Single-Family Rental Survey

Western Markets Reports - Flying High Against a Holiday-Impacted Comparison

GSEs' Conforming Loan Limits Increasing Again - FHA Limits Expected to Also Increase

Macro Housing Quick Take - Strong Upside in October New Home Sales

Single-Family Rental Survey - Fundamentals Solid, Property Tax Inflation a Headwind

Builder Bargain Hunting in California - Positive on TOL into Earnings; Trading Call on TPH

Apartment Transactions Survey - Transaction Market Shifts, Developers Optimistic on 2020 Starts

Macro Housing Quick Take - Existing Home Sales Growth Accelerates, In Line With Our View

Lowe's Companies - Complex Work Ahead While Macro Softens

Western Markets Report - Solid Acceleration Continues

Taking a Step Back on Mortgage and Title Insurers - Following Strong Performance with Tough Comps Ahead

The Home Depot - At Mercy of Market

The Home Depot - Expectations Trimmed After Softer Quarter

Zelman's Weekly Tape Measure - Week of November 18, 2019

Portfolio Manager Weekly Z-Cap - Across-the-Board Strength in Homebuilding Survey

Building Products Survey and Company Takeaways - Slight Step-Back in Growth Offset By Strong Margins; Downgrade FBHS and BLD to Hold Given Fair Valuations

American Woodmark - 2Q20 Earnings Preview; Maintaining Our Buy Recommendation

Western Markets Report - California Growth Surges to Strongest Level in Six-Plus Years

D.R. Horton - Great Execution and a Positive Outlook

American Homes 4 Rent - The Stage is Set, Can They Execute?

Realogy Holdings - Balance Sheet Progress but Still-Strained Fundamentals, Staying Neutral