GLG News by Homebuilding Joint Venture Experts

Why so many markets? Why so much in some markets? Why so little in other markets?

Affordability ratios are too high, sales are weak, a reduced number of new jobs don't help and wages at the middle and upper levels are not increasing. 

The greater fool enters a market when investment interest rates elevate and negative leverage occurs. Or when income streams are interrupted by an inventory of new construction.

There is no doubt that homebuilding is well off its peak building year of 2005; however, smart builders such as NVR are well positioned to take advantage of opportunties that do exist in this current market to build market share. NVR's strategy of lot options allows a more flexible business plan that...

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. 

We’ve arrived at a crucial time in this cycle where foreclosures and defaults both existing and imminent throughout the country threaten to tip prices over to substantial market price reductions.

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.

Articles such as the one sited appear in major market newspapers weekly. My experience is that most of these fluff pieces are poorly researched, anecdotal at best and present no real useable insight into the market. They may actually do more harm than good, as they mis-inform the reader

When the housing market moves up, it moves up at a rapid clip or so it seems. We spend so much time enjoying the new wealth if we are home owners or involved in the housing industry that time seems to fly. When the market slows or dips, the process seems to take forever. And, in truth, it does take...

The factors outlined show that the growth in family income is being outpaced by the growth in family expenses. Something’s got to give and it will be the cost of housing that leads the giving. There aren’t many ways to get the family income up anymore now that the college degree is a standard and...