GLG News by Land Acquisition Experts (US)

The subject article talks about the concentration of Hispanic immigrants in the Phoenix metro area. The Hispanic population has always been an important component of Valley residents and now is even more so. I also refer the reader here to a further article entitled Valley salary growth lags behind...

Tightening lending requirements of remaining players and higher home loan rates will push the housing demand lower, adding further downward pressure to home prices and increasing the likelihood of Fed intervention.

The gas pump is easier to contemplate now that every twenty gallon tank-full is twelve dollars cheaper. Demand slipped and the big refiners and marketers chose the only way out by reducing the sticker at the corner. Oil is going to be beaten up when corn ethanol is substituted in whole or in part. We...

That miserable word unreliability is poking its ugly head above the surface in our logistics pileups. We have ships at anchor standing off our shores waiting for available dock space to unload their container cargo. Some of the most modern are so big that they can’t stand at the majority of the wharves....

No matter where you are, a billion is lot of dollars. You’ll see from the referenced article the estimate of $ 1 billion coming across the Mexican border into Arizona every year. We in Arizona send that amount and more back to Mexico annually as we visit and shop there too.

Horton's drop in net new home orders is alarming, given that the builder is the low price leader.  How will they alter their strategy to counter current conditions?

The housing market returns to heathly levels as percieved demand is replaced by real demand, and reverts to affordable levels to meet the real homebuyers needs.

Apartment rents are up throughout the country, sometimes considerably. The western U.S. has current occupancies of over 90% in the major markets. The weakest areas are where you might expect in Phoenix, Tucson, California’s Inland Empire and Sacramento. The combination here of relatively low wage structures...

The map presentation accompanying the referenced article is notable because in detailing the overvaluation of housing in four ranges not much of the map is left unpainted. We knew that before the map so adequately articulated the problem. The issue should lead us, though, to think further about the...

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