Housing Market Data - July housing starts significantly stronger at 1428000, a jump from the previous month's 1321000 [2] - July housing starts mark the second strongest pace of the year, reaching levels last seen in February [3] - July permits are slightly light at 1354000, following 1393000 the previous month [3] - Single-family inventory levels are relatively high, potentially leading to a shift towards multifamily construction [4] Interest Rates and Market Outlook - Mortgage rates briefly moved down into the 660s, considered high compared to the last 10 years [5] - The 10-year Treasury yield is hovering around 432, down one basis point from the previous day's close [5] - The 2-year Treasury yield is around 375, down a couple of basis points [6] - Market anticipates potential rate cut at the September meeting, but the Fed may not want to disappoint the market [6]

Canada’s housing starts jumped to the highest level in nearly three years as construction on apartments, townhouses and condominiums in the country’s largest and easternmost provinces continued to rise https://t.co/WGOTltw3mn ...

He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/ygyWJDjgHe https://t.co/ygyWJDjgHe ...

He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/DJnDAWgAWL https://t.co/DJnDAWgAWL ...

He Made A Billion Building Houses For Florida’s ‘Marvelous Middle.’ Now Things Aren’t So Marvelous. https://t.co/CEanNo00xz https://t.co/CEanNo00xz ...

Core Insights - Latham Group, Inc. has appointed Jeffrey J. Jackson as an independent member of its Board of Directors and as a member of the Audit Committee, increasing the board size from eight to nine directors [1][2]. Group 1: Appointment Details - Jeffrey J. Jackson is currently the CEO of Cabinetworks Group, Inc., the largest privately-owned kitchen cabinet manufacturer in the U.S. [2] - Jackson has a notable background, having served as President and CEO of PGT Innovations, Inc., where he led the company to significant growth and national brand recognition in the fenestration industry [2][3]. - His previous executive roles include positions at The Hershey Company, Mrs. Smith's Bakeries, and The Coca-Cola Company, showcasing a diverse experience across various sectors [2]. Group 2: Board Commentary - James C. Cline, Chairman of the Latham Board, expressed enthusiasm about Jackson's appointment, highlighting his visionary leadership and extensive expertise in executive management and finance [3]. - Cline noted that Jackson's broad sector knowledge and industry relationships will provide valuable operational and strategic experience to support Latham's growth and competitive positioning [3]. Group 3: Company Overview - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand [4]. - The company operates with approximately 1,850 employees across 30 locations, indicating a robust operational platform [4].

Factory-made units are helping Los Angeles to rebuild after the fires. But for all its promise, the industry still has a lousy reputation https://t.co/dyglNDQFPS ...

Cost Impact of Tariffs - UBS estimates tariffs could raise the average cost of building a single-family home by nearly $8,000 [1] - Of the $7,900 increase, $6,300 is due to reciprocal tariffs, $1,000 from Canadian lumber tariffs increasing from 145% to 35%, and $550 from copper [3] - The $7,900 increase represents approximately a 76% cost increase for an average family home [3] Builder Strategies and Market Dynamics - Builders, especially the top 16 which represent 50% of the market, are expected to push back on the value chain to offset costs [4] - The US lumber coalition claims it can handle 95% of what is being produced in Canada domestically, with US mills running at 60% to 65% capacity utilization [6][7] - An executive order aims to cut down 25% more timber [7] - A $68 trillion wealth transfer in the US is benefiting entry-level home buyers [8] Existing Home Market - Existing homes average 44 years old and may not be at the right price points, difficult to ensure, and rates cannot be bought down [10]

Group 1 - The housing sector is currently experiencing a downturn, and this trend is expected to persist in the foreseeable future [2] - Tri Pointe Homes, Inc. (NYSE: TPH) is highlighted as a home builder that has shown significant insider buying activity [2] - The Insiders Forum focuses on small and mid-cap stocks with recent insider purchases, aiming to outperform the Russell 2000 benchmark [2]

Industry Focus - The article discusses a person who made a billion building houses for Florida's 'Marvelous Middle' [1] - The current situation is not so marvelous [1]