Rick Murray Trends Quotations

The trends in housing are deteriorating. But what's perhaps new is that maybe they are deteriorating faster than people had been anticipating.

We continue to believe the company's assumptions appear to be somewhat aggressive given the recent softening in demand trends and the weak orders in the quarter.

This would seem to indicate that those trends have not reversed course, and perhaps have even accelerated to the downside.

The deterioration in home-building trends is materializing more rapidly than many had anticipated, including ourselves, and is likely to continue to put pressure on earnings expectations for the sector.