GLG News by Homebuilding Joint Venture Experts

Old adages just keep turning up.  This company is being done in by the autocratic attitude of its now ex-CEO and the continuing concentration of power in the hands of Private Equity Capital.  Mr. Nardelli just wasn’t nice and when they could, the investors whined him out.  His results...

I like three of the points made here best.  Housing prices have been increasing faster than incomes, the sub-prime market has never been tested in a down housing market and if the market becomes an auction market, prices can fall sharply.  I think these are the keys to further price and...

Arizona has now surpassed Nevada as the fastest growing state in the country.  This growth will continue and eventually turn current residential market conditions around.

With the exception of the high-end of the Class “A” rental apartment market, affordability is an issue with tenants.  Every rent increase calls for a household budget adjustment that causes pain to other providers of household goods and services.  We’ve noted several times that wages for the...

Lower mortgage rates support Belfiore Real Estate Consulting forecasts that inventory and prices will stabilize in mid- 2007.

The lending picture in the home loan industry is not great.  Defaults are rising and the next sub-prime pools will include tougher underwriting and higher rates.  Volume is down in the purchase market and refinances are more difficult to accomplish.

I think people are concerned, better informed and a lot more forceful in their wishes for the community they have selected than in the past.  Don’t expect the process to get less intensive in the future.  The residents selected the community because it had a set of qualities they wanted to...

The figures reported in the publication are far from accurate.  Our research puts the spec figure closer to 10,000 units.

I am offering this observation as support rather than a change of prediction. Again, it appears there will be pressure on the retail/wholesale and manufacturing sectors which will reduce demand for industrial property in the near term.  However, I just see less success rather than collapse in this...

I believe we’ll see reduced absorption numbers for industrial property in the near future periods. The housing boom has stimulated retail which has required warehousing primarily for distribution of goods manufactured overseas.  All segments here will slow as this chain retreats.