Industry & Services >> Analyst Interviews >> May 4, 2009

Outlook For Residential Construction – Robert Stevenson – Fox-pitt Kelton Cochran Caronia Waller (usa) Llc

Stevenson, Rob
Rob Stevenson is Managing Director and Head of Real Estate Research at Janney Montgomery Scott LLC. Mr. Stevenson joined Janney in 2015 as a Managing Director and Senior Research Analyst covering the real estate sector. Prior to joining Janney, Mr. Stevenson was a Managing Director and the Head of the U.S. REIT Research team at Macquarie Capital following that company’s acquisition of Fox-Pitt Kelton in 2009, where he had started the firm’s REIT and homebuilding practice. Earlier in his career, Mr. Stevenson covered REITs and homebuilders for 12 years at Morgan Stanley, where he was an Executive Director and Senior Research Analyst. Mr. Stevenson earned a Bachelor of Science degree from the University of Maryland and a Master of Business Administration degree from the Johnson School of Business at Cornell University. Profile
TWST: Concerning residential construction, do you think we are at or near the

bottom, or at least in the process of getting there?

Mr. Stevenson: I think that the Pulte (PHM) management, by