Rick Murray
Rick Murray
chance lower people perhaps thinking
It?s probably people thinking perhaps there was a chance they?d lower their guidance.
existing homes people purchase sell unable
People are unable to sell their existing homes for what they thought they might, and are unable to go through with their anticipated purchase of their new home. So, they end up canceling their contract.
faster housing maybe people perhaps trends
The trends in housing are deteriorating. But what's perhaps new is that maybe they are deteriorating faster than people had been anticipating.
lose money
I don't want to lose my gear. I have a lot of money invested.
continue earnings including likely pressure rapidly trends
The deterioration in home-building trends is materializing more rapidly than many had anticipated, including ourselves, and is likely to continue to put pressure on earnings expectations for the sector.