RH (RH) CEO Gary Friedman has never been known to hold back his blunt views on business and life on earnings calls, and his latest matter-of-fact commentary directly involves the U.S. housing market.
“It’s just a lot of uncertainty right now,” Friedman told analysts on the company’s latest earnings call. “But one thing I’m certain of: The housing market is collapsing at a level I haven’t seen since 2008. I haven’t seen this kind of drop since 2008.”
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