Industry & Services >> Sector Roundtables >> September 6, 1999

Roundtable Forum: Homebuilding Industry

TIMOTHY L. JONES is a Managing Director of Research at Ryan, Beck & Company's Southeast Research Group. Previously, he was associated with Faulkner, Dawkins & Sullivan, Marine Midland Bank Dean Witter Reynolds and Oppenheimer & Co. After graduating from Miami University in Ohio, Mr. Jones became an Officer in the Navy and spent five years as a Navy Frogman (Underwater Demolition Team 21). Profile
STEPHEN S. KIM is a Vice President at Salomon Smith Barney. Previously, he was associated with Deutsche Banc Alex. Brown and Kidder, Peabody & Co. Mr. Kim graduated from the Wharton School at the University of Pennsylvania. Profile
SAMUEL A. LIEBER is CEO/Portfolio Manager at Alpine Management & Research, LLC. Previously, he was associated with The Evergreen Funds as a Real Estate Portfolio Manager. Before that he was with Whitbred-Nolan, Inc., and with The Project for Public Spaces as a Noyes Fellow. Mr. Lieber's academic background includes Wesleyan University, New York University Graduate School of Business, and NYU Real Estate Institute. He is a member of NYSSA, NAREIT, the International Council of Shopping Centers and the Urban Land Institute. Profile
ROBERT P. CURRAN is a Vice President and Senior Industry Specialist at Merrill Lynch. He received his Bachelor's degree in Economics from Boston College and his MBA from Columbia University. Mr. Curran is a member of the NYSSA and the AIMR. Profile
TWST: Bob, let's start by taking a look at the performance of the

homebuilding industry, including manufactured housing and mobile homes,

over the past 12 months.

Mr. Curran: Pretty ugly is a