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GLG News by Homebuilding Joint Venture Experts

Paul Burns, Owner
Paul Burns, Owner
City Investments
Analysis of: KB to sell lucrative French subsidiary (www.latimes.com)
The consensus for the future as now laid forth for investors by the housing industry is that there can be no consensus currently. There just are too many variables to make a wise call guided by historical trends, it is said. And no one among the investors or the media today rises to dispute that forecast,...
Paul Burns, Owner
Paul Burns, Owner
City Investments
Analysis of: O.C. Builder ‘optimistic’ about coastal homes (blogs.ocregister.com)
There are lessons to be learned here. The company whose CEO talks here about current market conditions has been the subject of one of the most long lasting and intensive series of legal maneuvers by several corporate successor entities regarding the development of acreage in California. Hardly a real...
Paul Burns, Owner
Paul Burns, Owner
City Investments
Analysis of: This Week’s Real Estate Stories (webmail.west.cox.net)
Apartment rents will be difficult on the average to raise in light of the significant increases last year.  There is no shortage of rentals in the average market to cause a different result.  Strained household incomes will be difficult to stretch to higher levels across the markets....
Analysis of: Taylor Takes 25 Million-Pound Charge on Florida Homes (www.bloomberg.com)
1. Taylor Merger a smart move 2. Pricing returns to Historic norms to move inventory 3. Taylor and Morrison fill each others holes.
John Burns, President
Analysis of: Home sales: Worst drop in 18 years (money.cnn.com)
Housing is Falling Much Faster than Reported
Jim Belfiore, President
Jim Belfiore, President
Belfiore Real Estate Consulting
May 8, 2007
Fear is a Foe
Analysis of: Lenders pull back, buyers lose dream of home (www.azcentral.com)
To date, lender tightening news has primarily been directed to the business world- not the consumer. This article, front page news written for Joe Consumer, is different. It talks of buyer dreams being shattered and one builder’s potential loss in sales being 10% in 2007.
Paul Burns, Owner
Paul Burns, Owner
City Investments
Analysis of: Market Watch Real Estate Weekly (webmail.west.cox.net)
The headline article lets us know that one in five homeowners is concerned about the possibility of foreclosure.I have other market information I am able to share with you without conflict.
Analysis of: Home builder NVR's net falls 36% (www.marketwatch.com)
Building permits can be a surrogate for future closed residential new home sales and potential profitability. In markets such as Loudoun County, Virginia where NVR is a major builder, year to year building permits for Single Family homes continue to fall. 2007 may prove to be an even weaker year for...
Paul Burns, Owner
Paul Burns, Owner
City Investments
April 23, 2007
Realty Wars
Analysis of: Realtors side with Zillow.com (www.azcentral.com)
The subject article is written to convey an implicated and narrow point of view that the State of Arizona is once again rising to protect Mom & Pop as they meet their need for roof and shelter for the stressed family.In fact, the source material is the now visible pebble which tops one of the biggest...
Gina Champion-Cain, Chief Executive Officer and President
Gina Champion-Cain, Chief Executive Officer and President
American National Investments
Analysis of: CCDC Hosts Architects to Discuss Downtown Revitalization (www.kpbs.org)
Good for Downtown San Diego's redevelopment arm, Centre City Development Corporation (CCDC), for wanting to significantly elevate the level of discourse with respect to overall issues of urban design and the design of individual projects.

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