July Monthly Compendium

研报英文原文证据摘录

July Monthly Compendium

July July8, 20268, 2026

Economic Calendar 3

Coverage and Valuation Snapshot 4-9 Home Improvement Spending 81 - 87

Housing Industry Overview 10-17 R&R Forecast 88

Consensus Forecasts 13 Home Improvement Wallet Share 89

Res. Investment as % of GDP 14 Home Improvement Leading Indicators 89 - 94

Building Products Revenue Exposure 15 Transportation Costs 95

NAHB HMI 16 Tariff Impact 96

Consumer Sentiment 17 Supply Chain Index 97

Household Formation, Demographics, & Employment 18-27 Median Age of Housing Stock 98

Household Formation & Demographics 18-24 Construction Costs 101-109

Employment Data 25-26 Home Construction Cost Breakdown 99 - 101

Home Sales and Starts Data 27-44 Material Costs 102 - 105

Mortgage Rate Spreads and NHS Market Share 27 Construction Inflation Index 106 - 108

Public vs Private Market Share 28 Commodity Pricing 109 - 110

NHS/EHS 29 - 38 Company Coverage Overview 111 - 131

Starts/Permits 39 - 42 Homebuilder & Building Products Overview 111 - 113

Pending Home Sales 43

Historical Valuation Charts 114 - 115

YTD Housing Metrics 44

Home Pricing 45-52 Returns Analysis 116

House Price Indices 45 - 51 ROE DuPont Analysis 117 - 119

HELOCs 52 Equity Performance 120 - 125

Housing Market Health 53 - 108

Consensus Ratings vs. Wolfe Research 126

Metro Permits Data 53

Field Research 54 Short Interest 127 - 128

Geographic Exposure 55 Company Ownership 129 - 130

MBA Purchase Apps 56 Consensus vs. Wolfe Expectations 131

MBA Mortgage Credit Availability 57 Company Tear Sheets 132-161

Mortgage/Treasury Rates 58

ROIC & ROE Historicals 132 - 133

Active Mortgage Rates 59

2025E Company Operating Metrics 134 - 139 Rates Buyer Pool 60

Household Debt Service 61 2026E Company Operating Metrics 140 - 145