GLG News by Production Homebuilding Experts

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: Could April be the Beginning of the Bottom?

May 17, 2011

There is one word that aptly describes the April residential data for Las Vegas: Strange.That is a particularly accurate expression for the new home market.

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: More Bad News

March 22, 2011

There’s an old expression: “There’s light at the end of the tunnel.” People forget that sometimes that light could be an oncoming train.For those who hoped Las Vegas would enjoy a speedy housing recovery, February data will come as a major disappointment. Nearly every facet of the residential market is at or near a bottom. And, there are only one or two very faint glimmers of hope for the future.

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: New Trends

February 22, 2011

Las Vegas housings statistics for January suggest four trends:   1.      Existing  home pricing is likely to continue to decline in the near future; 2.      Short sales reflect a change in the existing home sales market; 3.      Inventory and sales appear to be in the process of stabilizing; 4.      The New Home Market may fare better in 2011 than it did in 2010. 

John BurnsPresidentJOHN BURNS REAL ESTATE CONSULTING, LLC

Shadow Lot Supply

January 26, 2011

Analysis of:Myriad Licenses Rights to Pancreatic Cancer Gene Patents | councils.glgroup.com

Many of the public builders don’t need to buy lots in 2011, and we think it will be a relatively quiet year for land acquisition.

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: 2011 SHAPING UP TO BE BETTER YEAR

January 19, 2011

Las Vegas housing data for December offers more questions than answers.  But, it may hold some clues for the future. There is little difference between annual sales, inventory or pricing data for 2009 and 2010.  Has the Las Vegas Housing Market found equilibrium?  A bottom?  Or does it mean we are standing on a precipice from which we are likely to fall further? There are no quick answers.  But, the tiny differences between 2009 and 2010 numbers may have great import for 2011.  Here’s why:

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: Foreclosure Crisis Stifled and Shifting

December 21, 2010

The Las Vegas foreclosure crisis may not be over, but it is entering a new phase. It is shifting to short-sales.Each month,  Las Vegas housing data is scrutinized seeking numbers that have changed significantly.  Our task is to figure out the importance of any change.This year, we have seen significant numerical changes on only three occasions. Two were found in the month of November and both have critical implications for the future of Las Vegas real estate, particularly  the REO market.  

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: No Bottom Yet

November 23, 2010

October housing statistics proved to be as scary as the holiday associated with that month.  For those hoping to see some indication that the worst is behind us and recovery is just around the corner, October data will come as a disappointment.  It looks like Las Vegas could be in for another two years of rough sledding in the housing market. Yet, there is good news.   . 

James AliucciCEOThe Global Group

Pacific Island Fisheries Face Collapse

October 28, 2010

Analysis of:Pacific fisheries face collapse by 2035: study | fis.com

A new report, published by the Noumea-based Secretariat of the Pacific Community warns of a Pacific Ocean fisheries collapse that would be devastating to commercial fisheries in the region and have an impact worldwide.

Steve BottfeldPrincipalMarketing Solutions

LAS VEGAS: Something Old, Something New

October 26, 2010

A recovery sits on a three-legged stool: (1) sales growth; (2) inventory reduction; and (3) rising prices. Las Vegas’ recovery sits on a very wobbly stool. As you review Las Vegas September housing data, the one word that comes to mind is “Bottom.” That does not mean that September is the beginning of an uptick, but merely a continuation of data that appears to traveling in a very narrow range. And, that is a positive rather than a negative. Here are the details

James AliucciCEOThe Global Group

The New Salmon Run, In the Test Tube

October 21, 2010

Analysis of:FDA refuses to require labeling of genetically modified salmon | info-wars.org

Salmon as a GMO, how does one decide if it is safe to eat, safe for the environment and safe for other salmon. We could listen to the manufacturer, but really they are trying to sell the fish, and much more. How about the FDA, even they retuse to rule on this.

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