GLG News by Homebuilder Financial Statement Analysts

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?

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.

Consolidation will occur in the industry The strongest companies will survive the downturn five years from now there will be significant changes to the industry  

Payment requirements under land option contracts are an important consideration when evaluating the cash flows of homebuilders.

There is widespread interest in the housing industry, housing stocks and bonds, etc.  This impacts many industries and companies.  The article offers my point of view about the current state of the homebuilding industry and suggests when and why things will turn around. 

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

  Recent slowdowns in the absorption of housing inventories have resulted in a series of earnings charges from writeoff. of land deposits, preacquisition costs, goodwill and other intangibles, and the creation of valuation reserves for land, work in process and finished homes. This article...