TRI Pointe Homes CEO Doug Bauer says if job and wage growth remains strong, demand will continue to pick up for housing in the long run.
TRI Pointe has surged more than 19% this year along with the homebuilding sector, which is up more than 25%.If job and wage growth remains strong, Bauer thinks demand will continue to pick up for housing in the long run."The consumer is definitely more engaged," he said in a one-on-one interview withAn amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with the homebuilding sector, which is up more than 25%.
Revenue from home sales was down 15% compared to the first quarter of 2018, which could be attributed to a 12% decrease in new house construction. If job and wage growth remains strong, Bauer thinks demand will continue to pick up for housing in the long run. The industry has also been helped in the interim by the Federal Reserve's decision to stop raising interest rates in 2019, he added.
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