In this episode of The Eisman Playbook, Steve Eisman discusses the current housing market with Ivy Zelman of Zelman Associates. They explore the transformation of the homebuilding industry since the pre-crisis era, focusing on changes in balance sheets, land acquisition practices, and the impact on market dynamics. The episode delves into the affordability crisis, the factors behind it, and potential federal interventions to improve the situation. They also touch on the pressures sell-side analysts face and provide advice for young professionals entering the finance industry.
Finally, Eisman answers listener questions in a new segment called 'Steve's Mailbag' and announces an upcoming financial literacy masterclass.
Link to this episode on YouTube: https://youtu.be/ttViYDGrD-I
Episode Highlights:
00:00 Introduction to the Eisman Playbook
01:27 Meet Ivy Zelman: Housing Market Expert
03:30 Pre-Crisis vs. Post-Crisis Home Builders
09:28 Current State of the Existing Home Market
13:22 Challenges and Strategies for Home Builders
18:23 Investment Insights on Home Builders
25:27 Affordability Crisis in the Housing Market
26:49 The Housing Affordability Crisis
27:49 Challenges in Home Building
29:24 Impact Fees and Community Services
29:59 Hypothetical Solutions for Housing
33:08 Experiences as a Sell-Side Analyst
37:08 Market Insights and Predictions
42:32 Advice for Aspiring Analysts
44:19 Steve's Mailbag: Listener Questions
47:37 Conclusion and Final Thoughts
About my guest, Ivy Zelman:
Website: https://www.zelmanassociates.com/
Ivy Zelman’s Stock Disclosures:
AMWD, BLD, BLDR, CSL, FBHS, IBP, MBC, RMAX, SWK, BZH, CCS, HOV, KBH, LEN, MDC, MHO, MTH, PMH, TOL & TMHC
Stock Ownership:
Analyst: No
Analyst’s Family: No
Analyst’s Firm: No
Investment Banking Client: No
Other Conflicts: Yes – Zelman has received compensation for products or services other than investment banking services.
DFH
Stock Ownership:
Analyst: No
Analyst’s Family: No
Analyst’s Firm: No
Investment Banking Client: Yes
Other Conflicts: Yes – Zelman has received compensation for products or services other than investment banking services
Connect with Steve Eisman and access The Eisman Playbook:
🌐 https:// linktr.ee/eismanplaybook
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Episode Production Credits
Producer: Collier Landry
Producer & Publicity: Steven Cohen, Next Horizon Media
Post-Production Services by Don’t Touch My Radio
Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.
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