US Housing - not just seasonal softness?

QMG provides insights into global markets that traditional research does not and has an innovative and data-driven approach as its foundation. The unique model we use analyses large quantities of information and produces monthly observations across the three key drivers of corporate profitability – price, volume and cost. Our research gives our clients a timely and powerful insight into company revenue and margin performance. We produce fact-based research that provides a foundation upon which subjective forecasts and qualitative opinion can be challenged. Our work is free from bias, and we have a completely objective process that highlights investment opportunities to clients – built from a foundation of fact. We focus our research at the sector, or product, level and the most fundamental application of our insight enables investors to challenge – or confirm – bottom up assumptions that are included in their own modelling and valuation work. Our clients use our research as part of their investment process helping them make more informed decisions and deliver better performance. We cover nine markets, extending across 650+ products and have mapped our data to approximately 1500 stocks. Our data is updated every month and although we do not issue buy/sell recommendations, the insight that our analysis provides can include early identification of inflection points as well as highlighting potential opportunities based upon a divergence between our observations and consensus estimates/corporate guidance. We tailor our research to the individual needs of our clients. Our research is available through general subscription, which can be tailored to suit individual client requirements. Outside of the regular research reports (monthly at the country level and daily/weekly at the single stock level) we can provide direct access to our proprietary data and undertake bespoke requests.