---
title: Friday Fast Five - 4/30/2021
description: Five interesting things that Hodges Capital research analysts discovered this week...
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---
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# Hodges Friday Fast Five
*"In the investment business, you go to school every day, but never graduate." - Don Hodges*
# Friday Fast Five - 4/30/2021
by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on April 30, 2021
Five interesting things that Hodges Capital research analysts discovered this week...
#1 CEO QUOTE: “We monitor the difference between the actual interest rate of our borrowers served by Taylor Morrison Home versus the maximum interest rate they could have qualified for as a gauge of affordability. In the first quarter, this spread averaged over 700 basis points for our conventional borrowers and over 500 basis points for our FHA borrowers giving us confidence in our customer’s financial flexibility, if and when interest rates move higher.” Sheryl Palmer, Chairman and CEO, Taylor Morrison Home Corporation.
#2 EMPLOYMENT: Data published in the March NFIB jobs report suggested that 42% of small businesses were having difficulty filling job openings. This news comes despite 28% of small businesses raising compensation and an unemployment rate that appears stuck at 6%. Furthermore, this trend could present a headwind to the opening of restaurants and service industries in the months ahead.
#3 SPAC: According to Strategas Securities, special purpose acquisition company (SPAC) initial public offerings account for nearly 80% of all IPO activity over the last 12 months.
#4 CHIP SHORTAGE: With a chip shortage now slowing down global auto production, attention is now on semiconductor supply chains. According to industry data, The U.S. accounts for 12% of worldwide semiconductor manufacturing capacity, compared to 37% in 1990. More than 80% of global production currently occurs in Asia.
#5 U.S. CENSUS BUREAU: As of April 1, 2020, the number of people living in the United States was 331,449,281, an increase of 7.4% since the 2010 Census. There are now more Americans over the age of eighty than under the age of two.
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---
*Hodges Capital Management, Inc. is a Federally Registered Investment Advisory Firm registered with the SEC. The above discussion is not intended to be a forecast of future events, a guarantee of future results, and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security. Different types of investments involve varying degrees of risk. No client or prospective client should assume that any information provided is a substitute for personalized individual advice from the adviser or any other investment professional. The S&P 500 Index is a broad‐based unmanaged index of 500 stocks, widely recognized as representative of the equity market in general. The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization. You cannot invest directly in an index.*
### Hodges Friday Fast Five
We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday.
- [Recent](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-4-30-2021#recent)
- [Topics](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-4-30-2021#topics)
- [Archive](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-4-30-2021#archive)
- [June 2023 (11)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/06)
- [July 2023 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/07)
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- [August 2025 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/08)
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- [January 2026 (5)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/01)
- [December 2021 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/12)
- [August 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/08)
- [October 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/10)
- [December 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/12)
- [January 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/01)
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- [November 2024 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/11)
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- [June 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/06)
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- [November 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/11)
- [December 2025 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/12)
- [February 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/02)
- [March 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/03)
- [May 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/05)
- [March 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/03)
- [November 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/11)
- [July 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/07)
- [December 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/12)
- [January 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/01)
- [February 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/02)
- [July 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/07)
- [April 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/04)
- [June 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/06)
- [February 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/02)
- [April 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/04)
- [April 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/04)
- [June 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/06)
- [November 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/11)
[More...](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-4-30-2021#)
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