GLG News by Production Homebuilding Experts

With the spiraling down turn of the economic situation in America today, the hotel industry will be and is hit the hardest, hit with the loss of earned revenues. Hotels are mostly assciated with vacation and travel when in reality, the core of their existance is hinged by business tributaries...

Several national housing market indicators have been deteriorating at historically high rates in the last several months.  The downward trend of these indicators points to a national recession.

The economy of the western United States has been thought to have underpinnings that are too solid to be affected by recessions. Among these economic undertakings are the gaming and tourism facilities of Las Vegas. This assumption looks to be shaky as set forth in the subject article. &nb...

 The article shows what’s on the local mind as families in this average man’s town try to get from paycheck to paycheck.  Not surprisingly, the British grocer, Tesco, has called a 90 day moratorium to its aggressive market entry and store opening program in Arizona, California and Nevada. ...

RE Markets like any are cyclical by their very nature.   Home buyers will return enmasse once they perceive the market gyrations are slowing and they believe good deals are available.  The local nature of RE negates a large amount of existing commentary.

Consider: “a lot of the financial system looks like it’s going to shrivel up and have to be rebuilt”; “it’s clear that we’re going to have a commercial real estate crash not too far short of the severity of the housing crash”; “the only good thing we have going for the U.S. economy now is the weak dollar...

The Sub-Prime issues have become just that another issue that needs to be worked out. This is a great topic and everyone has his or her idea of what is happening and when it will stop. That in itself lends to great conversation, i on the other hand think the market is cleaning itself and removing the...

A comparison to the mortgage crisis in the US for European markets and possible impact here are woth to explore. 

In sports, March Madness starts with the opening “tip off.”  In Las Vegas real estate, March Madness starts with February’s housing stats.  And, those stats are the “tip off” that this market is making progress in its struggle to get off the “bottom.”

This material is an easy reading two pages that proposes government programs that will take at least ten years to effect.  We haven’t begun to set up a government program as proposed and won’t in this lame duck administration.  So by the time the next government in Washington gets out of first...