GLG News by Production Homebuilding Experts

This article is right on the money as the developers who leveraged all their financing on selling the whole community got caught in a down turned market. I don't think communities will become "ghost towns" as this will be an opportunity for large developers to buy at a reduced price.

While banks are selling foreclosed homes in the Atlanta market for close to 90% of the loan amount, their vacant lots and land are not selling at all.  Builders and developers that have been paying interest for months are running out (or have run out) of cash.  Banks are struggling to find...

The numbers reported by KB Homes are very similar to those reported by Lennar and other major, publicly-traded homebuilders. Sales are off drastically, contract cancellations continue to be problematic and losses are mounting. For the National Association of Realtors and other trade organizations, as...

Life as a Developer has always been about who you know and what you know.Knowledge of building materials and cost are basic things developers need to survive. Things have changed a great deal the last 5-10 years. Most "new developers" and general contractors have never lifted a hammer or worn dirty...

Home prices have indeed experienced significant corrections.  However, some reports of price reductions may be exaggerated due to innacurate methodology. 

There were names like Fox & Carskadon, McNeil and Consolidated Capital among the biggest income property acquisition syndicators in the 70’s and 80’s, but no more.  And no more are thousands of other syndicators of that era big and small, who generally fell by the wayside as they could not...

The referenced article begins with the now usual doomsday message which many including this writer have now exhausted ad nauseam.  Three relatively short paragraphs later, the Editor-in-Chief wraps up the forgone conclusions neatly and attempts to move on to some new meat.  You can read the...

To assert that "times are tough but not as tough as during the recession of the early 2000s" is to look no further than the numbers, ignoring the underlying issues, which the NAR and many other trade organizations are quite good at. The numbers may not show it now, but the commercial real estate market...

*Not all commercial real estate markets are created equal. Job demand and government spending fuels the commercial space market. As always, local space market fundamentals are key, regardless of what is happening nationally.

The underlying dynammics of the commercial real estate markets have not made sense for the last 18 to 24 months. It is only now that the overall economy is in turmoil that we are seeing the consequences of what were bad purchase decisions, bad lending decisions and bad development decisions. But make...