Last quote by Megan McGrath
Right now we're probably on average in the high single digits for most home builders. If you're going to see more gross margin deterioration, I think the market is going to want to see that rise into at least the low double digits going forward.feedback
May 16 2017
Megan McGrath has been quoted in 2 different articles. Most recently, Megan McGrath has been quoted saying, “I don't think anyone's doing jumping jacks in terms of that lower end of the market, but I do think you're also seeing ... a little slowdown at that middle end, because that's where the bulk of the recovery has been so far. And so we've seen a lot of sales so far in the last four years in that middle end, so you need to find another avenue of growth.” in an article called Home builders are targeting millennials - but it will hit their margins. This is only one of 4 quotes from Megan McGrath. To see more examples Megan McGrath’s views and opinions, check out the section below. You can filter Megan McGrath's quotes by date and by topic to see, for example, what Megan McGrath said about consumer recently and in the past.
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Quotes by Megan McGrath
May 16 2017
I don't think anyone's doing jumping jacks in terms of that lower end of the market, but I do think you're also seeing ... a little slowdown at that middle end, because that's where the bulk of the recovery has been so far. And so we've seen a lot of sales so far in the last four years in that middle end, so you need to find another avenue of growth.feedback
May 16 2017
Since the recovery has really been at the middle end of the market, home prices have gone up and land prices have followed. So it is very, very hard to make a good profit at a lower price point these days. It's always a tug of war in builders between order growth and gross margins. Those are the two things that investors pay the most attention to. That's really tends to be what drives the stocks.feedback
Oct 26 2016
We went into this quarter somewhat cautiously. Overall I would say our view hasn't changed meaningfully after WHR and MAS but we are watching for downside risks more carefully and will continue to monitor earnings as we go forward to get a better sense of where the repair/remodel consumer stands.feedback
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