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Wednesday, September 15, 2010

Quote of the Day from Time Warner Cable: "anemic new home formation"

by Calculated Risk on 9/15/2010 03:44:00 PM

Via Dow Jones (ht Brian):

Time Warner Cable ... CFO Robert Marcus said "subscriber environment very, very weak," thanks to high unemployment, high ... vacancies and "really anemic new home formation."
Although housing completions are at a record low (adding few net new housing units to the housing stock), additional household formation is key to absorbing the overhang of excess housing units.