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

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

Stevenson, Robert
Robert Stevenson joined Janney Montgomery Scott LLC in 2015 as a Managing Director and Head of Real Estate Research. Prior to joining Janney, he 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