Former Chief Financial Officer, Technical Olympic USA Inc.
Member of the Real Estate Council
David J. Keller most recently served as the Chief Financial Officer and Treasurer at Technical Olympic, a NYSE national homebuilding company. Prior to this, Mr. Keller served as the Chief Financial Officer at Citifinancial, a subsidiary of Citigroup. Previously, he served as the Chief Financial Officer and Treasurer at D.R. Horton, a NYSE national homebuilding company. Mr. Keller has over 36 years of accounting and finance experience across many industries including real estate, financial services, and manufacturing. He spent the first 21 years of his career with Ernst & Young, serving as an audit partner. (This is me - Update Profile)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Continued Housing Difficulties
May 14, 2008
David Keller, Former Chief Financial Officer, Technical Olympic USA Inc.
The Housing Crisis is Over | online.wsj.com
The housing bust is not over and trends continue to be negative. The only positive activity is that homebuilding stocks have gone up, without a good reason. We still have a ways to go to work through all this.
Direct Expensing of Interest by Homebuilders
May 6, 2008
David Keller, Former Chief Financial Officer, Technical Olympic USA Inc.
Hidden Mortgage Risks Abound in U.S. Home Market | www.bloomberg.com
Not capitalizing interest in inventory causes acceleration of losses and deterioration of book value.
ARE HOMEBUILDING STOCK PRICE INCREASES PREMATURE?
April 24, 2008
David Keller, Former Chief Financial Officer, Technical Olympic USA Inc.
Construction Companies Are Clamoring for Managers | online.wsj.com
Recently, stock prices of most public homebuilders have increased 20-30 percent. This despite no visible signs of improvement in the overall housing industry. It seems early in the cycle for these stock price upward movements, as it appears the housing market has not yet found bottom. ...
IMPAIRMENT REVERSALS – IMPACT ON COST OF GOODS SOLD
April 24, 2008
David Keller, Former Chief Financial Officer, Technical Olympic USA Inc.
New-Homes Supply Builds; Durable Goods Orders Slide | online.wsj.com
Homebuilders have recorded large inventory impairments over the last couple of years. Most of these impairments have been for land and lots. As these previously impaired lots are built on and a completed home is delivered, the land component as a percentage of Cost of Goods Sold may decline...
| Study Group Name | No. Members |
|---|---|
| Land Acquisition Experts (US) | 42 |
| Homebuilding Experts (Florida) | 93 |
| Land Banking Experts (US) | 481 |
| Homebuilders Industry Accounting Experts | 38 |
David Keller has not participated in any GLG Live Meetings.