36 Quotes by David Orr

We are in the second half of the season, and he needs a bit more speed.

The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,

The data is squarely at odds with the anecdotal evidence one gets from those in the industry,

The fact that the boom is ending should not be interpreted as indicating any serious trouble for builders or realtors -- unless, of course, some overextended on debt in expectations that sales would continue to accelerate, ... Prior to the recent explosion in sales, a level of 700,000 had been considered very strong. The current trend should be viewed as a return to normalcy rather than as the beginning of a housing recession.

We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.

This report may modestly lower third-quarter real GDP estimates,

While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.

As is evident, a clear deceleration appears to be underway. The gain was not large enough to recoup the 13.1% month-over-month decline in July.

As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1% month-over-month decline in July.