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GLG News by Production Homebuilding Experts

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Paul BurnsMarch 24, 2008
Thoughts about the financial markets and real estate
Analysis of: How bad is the mortgage crisis going to get? | money.cnn.com
Author: Paul Burns, Owner, City Investments
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...
March 19, 2008
Drop it Like it's Hot
Analysis of: How bad is the mortgage crisis going to get? | money.cnn.com
Author: GLG Expert Contributor
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...
March 18, 2008
LAS VEGAS: MARCH MADNESS
Analysis of: New Home Sales Inch Up | www.lvrj.com
Author: Steve Bottfeld, Principal, Marketing Solutions
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.”
Paul BurnsMarch 17, 2008
Try this on for the next decade in the credit markets
Analysis of: Credit Contagion | www.usnews.com
Author: Paul Burns, Owner, City Investments
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...
March 17, 2008
Back to Basics
Analysis of: Gauging Value In Real Estate As Prices Slide | online.wsj.com
Author: GLG Expert Contributor
The housing boom of the past few years and the sudden downturn in many markets across the country simply serves to emphasize the importance of adhering to the basics - the best practices that have been developed over the years to guide the development process and insure the success of...
Paul BurnsMarch 10, 2008
How do you like them malls now?
Analysis of: Retailers bracing for worst January report on record | www.marketwatch.com
Author: Paul Burns, Owner, City Investments
The subject article chronicles the downward trend in retail sales and consumerism that was shown in the less than stellar Holiday season just past.  Other media have recently questioned the strength of the fashion sector as indicated by the recent closings in LRTW.
Paul BurnsMarch 10, 2008
Here’s the Government Bailout we’ll need to restore economic order
Analysis of: The Banker’s Bailout | www.portfolio.com
Author: Paul Burns, Owner, City Investments
It’s preposterous to think that our real estate, homebuilding and home lending industries could with government approval in the last ten years have created the losses which threaten to upset the entire financial system of this county in a manner which may eclipse the thirties. 
March 7, 2008
Beyond the Housing Slump - Taking Control of Your Construction Material Costs
Analysis of: Beyond the Housing Slump - Taking Control of Your Construction Material Costs | www.design2bid.com
Author: GLG Expert Contributor
During this housing downturn, builders should be focusing on defining and implementing the operational processes that will make them more efficient builders when the market begins to recover. In the past, home builders have relied on their trade base to provide them with the material quantities...
Paul BurnsMarch 6, 2008
Contrasting opinions about the housing market – are these guys on the same planet?
Analysis of: The Haunted Housing Market | www.usnews.com
Author: Paul Burns, Owner, City Investments
The Editor-In-Chief of U.S. News & World Report is torn between the development business and journalism.  Most often such divided efforts might result in mediocre results in both areas, but in this case Mr. Zuckerman has been outstandingly successful at both endeavors.  So his words to...
March 3, 2008
Analyzing Homebuilder Risks
Analysis of: Decline in Home Prices Accelerates | online.wsj.com
Author: David Keller, Former Chief Financial Officer, Technical Olympic USA Inc.
There are risks associated with homebuilding assets and contingent obligations.  This article alerts the reader to areas of interest.

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