Institutional Investor Research

Western Markets Report - Back to Double-Digit Growth, at Least for This Week

MGIC Investment - Significant Upside Once Pricing Sentiment Stabilizes

MGIC Investment - Upside as Lower Losses Offsets Weaker Revenue

Building Products Survey - Revenue Growth on Trend Line in March, Margins Recovering

Solid Builder Earnings Amidst Bearish Sentiment - Expect an In Line Quarter, Positive Commentary

Above Consensus for Mortgage and Title Insurers - Largely Due to Volume Outlook

Portfolio Manager Weekly Z-Cap - Final Round of 1Q18 Survey Checks; Solid Builder Order Growth While Apartment Trends Moderate

Homebuilding Survey - Growth Stabilizes at Healthy Levels Alongside Rate Stability

Community by Community - Builder Community Count Finally Inflects Slightly Higher

Zelman's Weekly Tape Measure - Week of April 9, 2018

The Floor Plan - An Investor's Guide to Rental Housing

Western Markets Report - Expected Holiday Pause

Zelman's Weekly Tape Measure - Week of April 2, 2018

Portfolio Manager Weekly Z-Cap - Home Price Outlook Underpinned by Inventory, Interest Rates

Western Markets Report - New Community Openings Spur Spike in Traffic

Single-Family Rental Survey - A Healthy Start to the Leasing Season

Zelman's Weekly Tape Measure - Week of March 26, 2018

KB Home - Another Positive Quarter Despite Rate Concerns

Real Estate Broker Survey - The Focus Is Inventory, Not Interest Rates

Macro Housing Forecasts - After a Long Fight, Mid-Cycle Activity within Sight

Fidelity National Financial - Strong Opportunity with Upside

ICE Cracking Down on Construction Immigrants - Another Potential Headwind to Tight Labor

KBH and LEN Earnings Preview - Positive on KBH; Updating LEN Estimates for CAA Closing

Building Products Company Takeaways - Cost Inflation Limits Near-Term Upside, but Valuation Attractive

Homecenter Survey - Weather Again Tempers Spending

Apartment Survey - Solid February Positions REITs for Modest Upside in 1Q18

Freddie Mac Pilot Introduces Insurance Alternative - Puts and Takes, but Minimal Near-Term Risk for Insurers

Zelman's Weekly Tape Measure - Week of March 12, 2018

Jobs and Housing - Entry-Level Income Growth Best Since July 2011

Hovnanian Enterprises - Return to Profitability Pushed Out Further

Metro New York Apartment Market in Focus - Elevated Supply Pressure Expected Through 2019

Hovnanian Enterprises - Liquidity Picture Improved, but a Long Way to Go Toward Profitability

Uncertainty Around Rates on the Rise - Lowering Fair Values by 3%, but Priced in for Large Caps

Uncertainty Around Rates on the Rise - Reducing Builder Fair Value Targets by 9%, On Average

Armstrong Flooring - Continued Headwinds Entering 2018

Ply Gem Holdings - 4Q17 Results Consistent with Expectations

Zelman's Weekly Tape Measure - Week of March 5, 2018

Thoughts Post BLD and IBP Earnings - Likely Choppiness in 1Q18, but Cyclical Compounding Intact

Single-Family Rental Survey - On Balance, January Supports Outlook for Persistent Strength

Armstrong World Industries - Same Song for 2018

Western Markets Report - Steady, Modest Growth as Rate Concerns Linger

Lowe's Companies - A Lot of Explaining to Do

TopBuild - Solid Upside to 4Q17, Muted 2018 Guidance Likely Conservatively Tilted

Toll Brothers - Blowing Past Expectations Despite Tough Comps

Armstrong World Industries - Noisy Release as Top Line Upside Offset by Margin Shortfall

RE/MAX Holdings - Resetting the Bar Post Investigation

Invitation Homes - Attractive Cash Flow Growth Outlook Intact

The Zelman Market Scorecard - Proprietary Analysis Highlights Favorable Fundamental Backdrop

American Homes 4 Rent - 4Q17 Results in Line, Guidance Mixed

Western Markets Report - Modest Growth Off of Tough Comps