GLG News by Land Option Contracts Experts: Homebuilders (US)

When you have a median housing value of say $ 650,000 and a location where the existing housing stock approximates the median, you have an opportunity to sell attached housing at $ 350,000 to $ 400,000 per copy when the supply is otherwise constrained.

I believe there is more pain to go in the housing market including serious defaults where home and land prices will implode.  I believe you won’t see the turn until 2008 and even then not until the latter half.  And I think the turn will stabilize at a lower overall construction number since...

As the article points out, REIT stocks have doubled on average in the last three years.  No doubt that in the mid 1990’s, commercial real estate was out-of-favor – for a song prices.  But dividend yields are now at 3.78 % - negative leverage to the private exit buyers.  So REIT investors...

Brookfield has offered $ 156.25 per sq. ft. for the 48 million sq. feet in the remaining 38 shopping centers in the Mills portfolio.  Eighteen percent of the cost in cash will be paid at closing.  I believe that the deal will not return historical costs to the shareholders and reproduction...

I believe we will see a further significant downturn in housing prices which will follow an abundant oversupply of homes on the market produced by defaults over the next year.- Real estate broker volume may increase but home building and land development will be off.- The purchase side of mortgage banking...

I believe we will now have a business downturn as result of reduced demand in the housing and auto industries and the debt service requirement on the federal budget.  I think China and other offshore sources have been funding our consumer spending with low interest rates when they advance funds...

No matter who the buyer is, I believe this is the last tough deal in an out of control market.  Mr. Roth at Vornado says that every deal he didn’t buy in the last decade was a mistake and he is right.  Nevertheless, he’s probably going to regret this one of he keeps overbidding to win. ...

Here’s more evidence that we’re not at any bottom in the residential market and that more hard times are ahead.

Mills Says Accounting Errors Caused by Misconduct www.bloomberg.com MILLS CORP. CEO SAYS NO HIDDEN PROBLEMS (article) www.tribune.com | Real Estate Investment Trusts (REIT)" href="http://news.glgroup.com/cm/Analysis/Browse.aspx?a=aj&rxid=11127">...>Real Estate Investment Trusts (REIT) Transparency...

This is just the beginning of a trend as we move our economy ahead in capital goods and other manufacturing areas.  About 40% of our industrial property inventory is devoted to manufacturing as opposed to warehousing or speculative flex space.  This manufacturing percentage has been decreasing...