June 6, 2007
Housing Market to Weaken Even Further as Mortgage Industry Takes Cure | online.wsj.com
Lennar is taking a "build through it" approach in the Phoenix metro area. Depending on your angle, you may or may not think the approach is a good one.
May 11, 2007
Taylor Takes 25 Million-Pound Charge on Florida Homes | www.bloomberg.com
1. Taylor Merger a smart move 2. Pricing returns to Historic norms to move inventory 3. Taylor and Morrison fill each others holes.
Message to Fed: Housing is Falling Much Faster than Reported
May 11, 2007
Home sales: Worst drop in 18 years | money.cnn.com
Housing is Falling Much Faster than Reported
May 8, 2007
Lenders pull back, buyers lose dream of home | www.azcentral.com
To date, lender tightening news has primarily been directed to the business world- not the consumer. This article, front page news written for Joe Consumer, is different. It talks of buyer dreams being shattered and one builder’s potential loss in sales being 10% in 2007.
Florida Housing: A Sleeping Giant?
April 16, 2007
Florida's quiet counties poised for a new housing boom | www.sun-sentinel.com
The market is searching for the light at the end of the tunnels...that light exists in meeting the consumers needs in price and location.
April 11, 2007
Feds Probe Beazer Homes | www.msnbc.msn.com
There has been considerable recent press coverage about alleged mortgage abuses by Beazer Homes.
This appears to be compounded by overall concerns about subprime mortgage activities.
It is important to maintain perspective on this issue as it relates to Beazer
HOMEBUILDING: DEPOSIT AND PREACQUISITION COSTS
April 9, 2007
Ryland Announces Preliminary Results for the Quarter Ended March 31, 2007 | www.marketwatch.com
The Direction of the Housing Tide and Tightening Credit
March 28, 2007
New-Home Sale Drop Fuels Housing Jitters | online.wsj.com
Subprime lending may be putting the breaks on recent positive trends in the Phoenix housing market.
March 27, 2007
Builder Confidence Remains Low, Especially in the Midwest | www.marketwatch.com
The NAHB's monthly survey of home building communities trended down again this month, after increasing over the last several months. The beleaguered Midwest showed some improvement, but remained that worst region in the country. The West also improved slightly this month.
Nationally, the Housing Market Index – a measure of builder confidence through new home sales and traffic in comparison to expectations – reversed recent trends by falling in March. The national index had been making a steady comeback in recent months since reaching a 15-year low in September of last year.
On a regional basis, builder confidence in the Midwest, which had declined to the lowest level of all regions, is making the strongest comeback. The West region has only started to turn around this year. The South and the Northeast are now the highest among the four regions, but declined in March, dragging down the national average.
Vacancy Glut Will Prolong the Recovery
March 26, 2007
Vacancy Glut Will Prolong the Recovery | www.realestatejournal.com
A glut of 800,000 excess vacant homes will prolong the recovery for approximately one year. The recent surge in resale listings and completed new homes offered for sale includes a record level of unoccupied homes. The surge is both the result of investor activity earlier this decade as well as the result of new home sales cancellations. Approximately 2.1 million of the homes offered for sale today are vacant. The average over the last 10 years has been 1.3 million vacant homes for sale. We expect more vacant homes to be put up for sale in 2007 because all categories of vacancy have risen significantly in the last few years. With only 6 - 7 million new and resale homes expected to be sold this year, we believe it will take about one year for the excess vacancy to return to normal. In certain tertiary markets, the excess supply will probably linger for years.
February 6, 2012
Las Vegas real estate: A happy new year?
January 20, 2012
Commercial property sales plunge in New York City: Why should everyone care?
January 19, 2012
Are Macy's closures a leading indicator of mall REIT values?
January 18, 2012
Ireland's commercial property outlook
January 9, 2012