Des Moines CFA Society Luncheon

1
Des Moines CFA Society Luncheon

• Robert P. Curran, Managing Director
• January 14, 2009

2
Fitch Ratings Coverage U.S. Homebuilders
3
Fitch Ratings Coverage U.S. Building Materials
4
(No Transcript)
5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8
(No Transcript)
9
(No Transcript)
10
(No Transcript)
11
Housing Inflation Versus General Inflation and
Income Growth(YOY Change)
Median Household Income in 2007 CPI-U-RS Adjusted
Dollars Urban wage earners and clerical workers.
CPI ? Consumer price index. Source U.S. Bureau
of the Census U.S. Dept. of Labor, Bureau of
Labor Statistics.
12
(No Transcript)
13
Housing Opportunity Index (HOI) and Related
Prices and Interest Rate
Source National Association of Homebuilders
Fitch calculations.
14
(No Transcript)
15
(No Transcript)
16
Demographics
Source U.S. Bureau of the Census.
17
(No Transcript)