GLG News by Production Homebuilding Experts
Analysis of:
OSB - Southern Capacity Glut (www.marketwire.com)
OSB producers are investing in an off cycle time frame which will put increased pressure on pricing.US Housing market trends are not supporting OSB producers investments and the outlook looks like it will continue for another 15 - 18 months before any shift will occur.OSB value added products are niche...
Analysis of:
This Week’s Real Estate Stories (webmail.west.cox.net)
Add the following to the contents of the referenced article:
1.The prices recording now are not the story of the housing market where many who wish to sell do not or cannot because the prices they want are unaffordable for the available buyers.That inventory lingers unlisted for the most part...
Analysis of:
Has The Bull Market Just Started? (www.forbes.com)
Commercial real estate pricing is accelerating because investors have money to spend:
1.This capital is drawn from the national coffers by increasing the amount of debt versus equity – in other words, we are leveraging our national economic future for this market;
2.The leverage shown throughout...
Analysis of:
Builder Confidence Remains Low, Especially in the Midwest (www.marketwatch.com)
The NAHB's monthly survey of home building communities trended down again this month, after increasing over the last several months. The beleaguered Midwest showed some improvement, but remained that worst region in the country. The West also improved slightly this month.
Nationally, the Housing...
Analysis of:
Vacancy Glut Will Prolong the Recovery (www.realestatejournal.com)
A glut of 800,000 excess vacant homes will prolong the recovery for approximately one year. The recent surge in resale listings and completed new homes offered for sale includes a record level of unoccupied homes. The surge is both the result of investor activity earlier this decade as well as the result...
Analysis of:
Vail Resorts plans largest mixed-use LEED-certified resort development in North America (www.hotelmotel.com)
Key to the development planning and marketing of Ever Vail are: - "green" development philosophy, trying to create a truly sustainable development with an ongoing commitment to minimizing the development footprint on the lands- the idea of 150-200 whole ownership condominium units, 75-125...
Analysis of:
No denying mortgage crisis will worsen (www.signonsandiego.com)
The mortgage market will benefit from:
1. A new sub-prime industry with an equity requirement for buyers;
2. The resurgence of the FHA;
3. Attractive lender financing for foreclosed property.
Analysis of:
Subprime Meltdown (www.wsj.com)
Here’s what the future holds:
1. Accelerated foreclosures/deeds in lieu/short sales leading to record inventories of unsold houses and for-sale pricing crashes nationwide;
2. The inability of home builders, land developers and leveraged land investors/speculators to hold their positions...
Analysis of:
Freddie Mac to toughen mortgage Standards (ww.usatoday.com)
The evidence piled up last week to support:
1. The premise that housing prices will plummet as foreclosures rise, loans to facilitate housing purchases will become more dear as to terms if not cost and affordability is stretched further by energy, food and healthcare costs;
2. ...
Analysis of:
Single Women Head For Homes (www.sacbee.com)
The contention of interest proposed here is that single women are generally interested in purchasing a home and that the home of choice is most often a smaller and more affordable unit. OK, so I added the more affordable part, but I think you’ll grant me the inclusion. A lot of attention...
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