GLG News by Homebuilding Joint Venture Experts

The market is searching for the light at the end of the tunnels...that light exists in meeting the consumers needs in price and location.

We’re 300 million people out of a world population of 6.5 billion. We control 1/5 of the world’s economy and we’re the world’s biggest importer. Everybody in the rest of the world who could has funded our recent deficits. We’ve consumed our way into a weak dollar. The good news is that we’ve made other...

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...

 Let’s suppose you bought an 8 year supply of land at the historical peak of the market both as to land prices and annual housing production.Further, let’s suppose that you have positioned yourself to develop a wide spectrum of commercial and industrial property types in many multi-phase developments...

 Add the following to the contents of the referenced article: 1.The prices recording now are not the story of the housing market where many who wish to sell do not or cannot because the prices they want are unaffordable for the available buyers.That inventory lingers unlisted for the most part...

Commercial real estate pricing is accelerating because investors have money to spend: 1.This capital is drawn from the national coffers by increasing the amount of debt versus equity – in other words, we are leveraging our national economic future for this market; 2.The leverage shown throughout...

Subprime lending may be putting the breaks on recent positive trends in the Phoenix housing market.

  The NAHB's monthly survey of home building communities trended down again this month, after increasing over the last several months. The beleaguered Midwest showed some improvement, but remained that worst region in the country. The West also improved slightly this month. Nationally, the Housing...

A glut of 800,000 excess vacant homes will prolong the recovery for approximately one year. The recent surge in resale listings and completed new homes offered for sale includes a record level of unoccupied homes. The surge is both the result of investor activity earlier this decade as well as the result...