What is the 2008 outlook for homebuilding?
January 14, 2008
Analyzing Homebuilder Risks | seekingalpha.com
What will happen in 2008 for the homebuilding industry? Will cash be generated? Will there be failures? Will there be profits?
WHAT REALLY IMPACTS THE FUTURE OF LAS VEGAS REAL ESTATE
January 2, 2008
LV Valley housing still in the basement | lvrj.com
The one constant in Las Vegas is change. Sadly, too many analysts suffer from marketing myopia when they examine change. They’re like the boxer who can see the jab, but misses the uppercut. Take a close look at the housing statistics for 2007. They are terrible, no matter from which angle you examine them. The doomsayer analysts gleefully tell you they are evidence of change in the credit markets or changes in pricing structures which become insurmountable obstacles to purchase activity. But, that analysis is only partly correct.
Income tax update for homebuilders
December 31, 2007
INCOME TAX UPDATE FOR HOMEBUILDERS | online.wsj.com
What are the econonmic and cash impacts from a tax standpoint of large impairment losses recorded by homebuilders? How/when can cash be recovered from these losses?
Homebuilding Gross Margins May Not Be What They Seem
December 31, 2007
Homebuilding Gross Margins May not Be What They Seem | online.wsj.com
Some reported gross margins from home sales may appear to be higher than they really are. Investors should be alert for situations where reported gross margins are inflated by prior inventory writedowns.
December 26, 2007
How Hot Land Sales Offset A Housing Glut in Phoenix | online.wsj.com
When Mr. Corkery wrote this article more than 2 weeks ago, the reality is few land sales were occurring in Phoenix. His timing was off: several thousand lots and option agreements are now being signed, as builder's rush to remove lots from their balance sheets prior to year-end.
AN UNHAPPY HOLIDAY; A HAPPY NEW YEAR
December 19, 2007
Gambling on Las Vegas Real Estate | www.nuwireinvestor.com
The housing Grinch appears to be packing his bags this holiday season and getting ready to leave Las Vegas. November’s housing statistics suggest that Las Vegas may be the first major market in the United States to begin recovery. It was reported that the Grinch, who has a degree in economics, learned that inventory dropped sharply. Knowing that inventory is a leading indicator and sales/pricing is a lagging indicator, the Grinch knew that the Christmas bells were tolling for him.
A NEW PERSPECTIVE ON HOUSING DEMAND: The Next Las Vegas Boom
November 19, 2007
LOCAL HOUSING SHORTAGE AHEAD, REPORT PREDICTS | www.lvrj.com
The NAHB has predicted that the real estate downturn will bottom in the first or second quarter of 2008. Several recent studies have indicated that the balance in housing “fundamentals” may be slowly returning to normal. These studies concentrate on supply and demand. Virtually all of them correctly analyze supply. Virtually none of them correctly analyze demand. Changing demand is a major reason why Las Vegas may very well be the first market out of the housing slump. It is also the reason why some major builders may not recover as quickly as the NAHB has predicted. In the 1980’s, a home entertainment center was required to sell a home. In today’s market, the home must be in the center of “entertainment” to be sold.
Job Growth, 2008, and Phoenix Single-Family Demand
November 13, 2007
Mortgage Industry Needs More Layoffs, Analysts Say | www.azcentral.com
Phoenix metro area employment and population growth will slow in 2008. Consequently, so will demand for new housing, but how much will it slow? How do you forecast employment growth?
November 12, 2007
A Bank Bet on Condos, but Buyers Want Out | www.nytimes.com
Mr. Burns makes two assumption errors in what is otherwise an outstanding analysis regarding the "near-future" of condominium development. His assumption regarding attitudes towards HOA's is incorrect ... as is his statement that the Hi-Rise condo market in Las Vegas will succumb to the current economic environment.
Credit Availability will Determine Future
November 2, 2007
Fresh Credit Worries Grip Markets | online.wsj.com
When making your determination on the future of the economy, how many units will be sold next year, or how many people will move to Phoenix, consider how banks have reacted to bad news this year; the statistics above; and how lenders may react to bad news next year.
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