Homebuilders & Building Products: Terminating coverage of 21 stocks

Research evidence excerpt

Homebuilders & Building Products: Terminating coverage of 21 stocks

NVR, Inc., Owens Corning, PulteGroup Inc., Smith Douglas Homes Corp., Stanley Black

& Decker, Taylor Morrison Home Corp., Toll Brothers, TopBuild, Trex Company, Whirlpool or related entities.

Manager or Co-manager: J.P. Morgan acted as manager or co-manager in a public offering of securities or financial instruments (as such

term is defined in Directive 2014/65/EU) of/for Century Communities, Installed Building Products, PulteGroup Inc., Taylor Morrison Home

Corp., TopBuild, Whirlpool or related entities within the past 12 months.

Beneficial Ownership (1% or more): J.P. Morgan beneficially owns 1% or more of a class of common equity securities of KB Home or

related entities.

Client: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies) as clients: Century Communities, D.R. Horton,

Forestar Group, Fortune Brands Innovations, Installed Building Products, KB Home, Lennar, Masco Corp., Meritage Homes, Mohawk

Industries, NVR, Inc., Owens Corning, PulteGroup Inc., Smith Douglas Homes Corp., Stanley Black & Decker, Taylor Morrison Home Corp.,

Toll Brothers, TopBuild, Trex Company, Whirlpool or related entities.

Client/Investment Banking: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies) as investment banking

clients: Century Communities, D.R. Horton, Forestar Group, Fortune Brands Innovations, Installed Building Products, Lennar, Masco Corp.,

Mohawk Industries, PulteGroup Inc., Stanley Black & Decker, Taylor Morrison Home Corp., TopBuild, Whirlpool or related entities.

Client/Non-Investment Banking, Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies)