Peter Jackson emphasized to analysts that many public homebuilders presenting earnings had painted a more positive outlook than the actual slowing trends in residential construction. He stated, 'There were a lot of public homebuilders that have released [earnings] over the past couple of weeks [that reported relatively more positive pictures], versus kind of our signal here that it's a bit worse than what people are thinking.' This suggests a disconnect between the perception of the housing market and the reality Builders FirstSource is witnessing.