Analyst Keith Hughes Looks at the Housing Slump and the Flooring Industry – Part 2 (12:43)
October 2, 2007—Keith Hughes, Managing Director in Equity Research, SunTrust Robinson-Humphrey, in the second part of a three-part series discusses characteristics of a market once its begins to recover, housing prices, the availability of credit, shifts among the nation’s homebuilders and the size of average houses in the period after the initial recovery period. Hughes also discusses the floor coverings replacement market and its characteristics and the elements that govern that market segment as well as which retail segments have been effected most by a softening of the replacement sector. Hughes also offers historical prospective, looking back at prior housing slumps.
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