All GLG News Analyses Filed Under: Homebuilding

Housing is hurting.  This will impact the economy as the "housing ATM machine" disappears. We are not even in the middle of this downturn. 

The author suggests that since there is a greater than reported downturn in housing, the Fed should act soon and cut rates.

Condo sales in 2006 was half that of 2005 in the Washington DC area.  Several projects have been cancelled and some developers have been driven out of business. There is an oversupply of condos in the region.

Housing is Falling Much Faster than Reported

To date, lender tightening news has primarily been directed to the business world- not the consumer. This article, front page news written for Joe Consumer, is different. It talks of buyer dreams being shattered and one builder’s potential loss in sales being 10% in 2007.

Building permits can be a surrogate for future closed residential new home sales and potential profitability. In markets such as Loudoun County, Virginia where NVR is a major builder, year to year building permits for Single Family homes continue to fall. 2007 may prove to be an even weaker year for...

The market is heading for the basement. The market is dead, because of greedy builders. Miami has over 71,000 condos for sale. 3 years ago prices were normal. Greedy builders decided to double the prices and build, build and build. Buyers’ incomes did not go up. So, we have a Bomb in Miami. No one is...

It is becoming increasing difficult for hardworking Americans of average means to afford to buy a home.  Many of the reasons for this are the artificial restrictions placed on homebuilders by governments.  Those communities that effectively address this issue will benefit from a higher rate...

The market is searching for the light at the end of the tunnels...that light exists in meeting the consumers needs in price and location.

If successful, the proposed merger between Taylor Woodrow and Wimpey will create the UK's largest housebuilder, delivering approximately 31,000 units a year. This will consist of 22,000 in the UK and 9,000 in the US, where both companies have long enjoyed a presence. Even within the UK, 22,000...