GLG News by Land Banking Experts (US)

Wal-Mart has been warning that its domestic store development program is harder to come by as sites are more dear, residents of communities are resisting the new facilities and competitors are more adept at the political side of competition. Now the cost of imports from China and other offshore suppliers...

The major market home builders are now dumping product nationwide at any cost to recover cash before they commit the cardinal sin of not being able to pay current bills. The financial institutions are flush with foreclosures and more homes are coming their way. Homeowners are trying to get out from...

Data from the source article shows the condominium market on a sharp decline this year.  As a former condominium owner (from 2002 through 2005) I offer several solid explanations for me and others abandoning condominiums. First came problems financing my condo, resulting in an exhorbitant...

Mr. Ross' acquisition of American Home Mortgage's servicing unit is a bold attempt to continue his legacy of "turnarounds" in the business arena. Like Merrill Lynch's purchase of First Franklin, Ross' move may disprove the adage "when there's blood in the streets, buy real estate", and prove the "Greater...

The numbers of high rise and condo conversion projects planned and at least partially funded in Miami, San Diego, Las Vegas, Chicago, New York City, Los Angeles and even on Central Avenue and at Lake Tempe and throughout Phoenix and Scottsdale far exceeds the possible market. The plans were drawn to...

Florida and Southeast  Alabama condominium sales are flatlined with bulging inventories that are losing value each day they sit idle. Investors are losing money,patience, and hope as this sector struggles for air. Builders are scrapping plans for new developments until the current inventories are...

The condo glut of '07 in the Washington DC metro area exists today not because droves of condo-hungry customers have vanished from the marketplace.  Publicly-traded home builders projected market growth on the DC Metro market as a whole without examining the reality behind consumer demand in individual...

Homebuilders are employing differing speculative inventory strategies in the market today. Lennar's is driving home prices down further. This artcile explores Lennar's strategy and other strategies being employed.

The subject article is a presentation of the reality in today’s home building business. It speaks of overextended capital plans and the reality of maintaining positive cash flow. The state of the industry today parallels if not exceeds the difficulties of the early 90’s, early 80’s and mid-seventies....

Public Builders in the Central Texas housing market are dropping land contracts and lot option contracts, or renegotiating their takedowns. All builders are converting to cash and downsizing their balance sheets. Big builders are confiding that, in a couple of years, depending on absoprtion, they will...