Analyst Keith Hughes Looks at the Housing Slump and the Flooring Industry – Part 1 (11:19)
October 1, 2007—Keith Hughes, Managing Director in Equity Research, SunTrust Robinson-Humphrey, in the first part of a three-part series discusses the state of the floor covering and consumer durables in the 4th quarter as he estimates how much sales have declined year-to-date. Hughes talks about environment that’s effecting consumers as well as the housing and credit markets and the current levels of inventory, he also shares his expectations as to when the housing market will bottom out.