Council Members in this Study Group: 178
This study group may include experts knowledgeable on topics in real estate including: commercial property, residential property, corporate real estate, construction, design, contracting, real estate investment, real estate investment trusts, and residential and commercial real estate brokerages, among others.
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Lawrence ComegysPresident
Ashwood Investment Inc.![]()
Lawrence Comegys is President of Ashwood Investments Inc. in Tampa, FL, a residential land developer. Previously, Mr. Comegys served as Florida Region President for Meritage Homes, Florida Region President for Pulte Homes and President of Jim Walter Homes....
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Solid Reasons for Builders to Feel More Optimistic
March 1, 2007
Builders Gain Confidence in Prospects for Home Sales | www.nbnnews.com
There are signs that support a growing return of cautious optimism among homebuilders. Surveys of builders, including the just reported National Association of Homebuilders/Wells Fargo Housing Market Index, show measurable improvement in their confidence level. Although this is strongest among single family homebuilders with moderately priced communities, traffic counts are up at many communities. In Florida, the markets I am most familiar with, builders in many communities in Tampa and Orlando report traffic of primary buyers are up 50% or more for moderately priced family oriented locations. Since markets improvement often shows up first among the primary buyers this is encouraging. It supports positive comments last week from Fed Chairman Bernanke on stabilization on the demand side of housing. The current slump seems to be finding its floor, but the improvement will be slow and the improvement likely won’t be apparent until 2008.
April 16, 2008 | New York
GLGi: Regional Homebuilding Executive PanelLeading Experts in Residential Operative Builders and Developers (Florida) have not participated in any GLG webcasts.