CalAtlantic's Q2 Earnings Declined, but Other Signs Point to Better Times Ahead

The housing market is on the upswing; just look at homebuilders that have reported second-quarter earnings lately. Except for maybe CalAtlantic's (NYSE: CAA). The company's net income decline compared to the year prior stands out among its peers, which posted improving results. Based on the other important home-building metrics, though, this may just be a short-term aberration rather than a lingering concern. 

Let's have a look at CalAtlantic's most recent earnings report, why its decline may not be as severe as it seems, and where the company can go from here.

Data source: CalAtlantic earnings releases.

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Source: Fool.com