US Housing

CEO Insights from Ian Narev, John Borghetti and Nick Scali

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC

“It’s in their [The Telco’s] interest to just flick people to the low speed plans as the lower access charge makes a higher margin for them” Nicholas Demos, CEO, MyRepublic. Below are quotes from the week which in our view detail some of the most important and prominent industry trends... Show More

A better bet than Aussie housing

Nathan Bell
Nathan Bell Peters MacGregor

Investing in Australian residential property has been nothing short of a goldmine in recent years. Charlie Munger, Warren Buffett’s business partner, would call it a lollapalooza effect, where several forces, such as low interest rates, the rapid development of the Chinese economy and an influx of foreign buyers, have culminated... Show More

The long awaited recovery in the US housing market

Tim Hannon
Tim Hannon Newgate Capital Partners

Significant household investment decisions depend on confidence, or ‘animal spirits’, which are clearly emerging in the USA. As per history, this confidence will manifest in households making high-value purchases – particularly new residential housing. While market analysts are expecting construction of new US housing to take four years to grow... Show More

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US-based lumber producers could still get the axe despite homebuilders evident strength

QMG Insight

Pretty much as anticipated both economic & corporate releases yesterday captured the strength within US homebuilders....Housing Starts came in ahead of consensus and essentially boost homebuilders productivity benefit, deflate unit labour cost and boost margins... NVR also reported 15’Q3 bottomline earnings ahead of expectations but crucially from our perspective as... Show More

US DIY RETAILERS - A NOTE OF CAUTION, PREFER HOMEBUILDERS

QMG Insight

QMG’s economic data collected from various US statistical agencies points to 3 areas of concern in the DIY Retailers space. These are 1) Negative trend in QMG Sales observations. This is driven by declining volumes and and we also observe an increase in costs… 2) Factors are lining up in... Show More