All GLG News Analyses Filed Under: Homebuilding

The question many looking from the outside-in may soon start asking is, “How many buyers are there for $300 / square foot to $800 / square foot housing in Phoenix?”  As the single-family market bottoms out, the answer will come.  Hopefully the timing is sooner rather than later.

An improvement in consumer sentiment will lead to an improvement in new home traffic and home sales, as well as an improvement in other areas of the economy.  Buyers that “feel” good make confident purchases.  Watch consumer sentiment and confidence indices, as well as BREC traffic count figures,...

Rising costs and high delinquencies are pushing HOAs into bankruptcy.  Add HOA solvency to your underwriting checklist.

It easy to think nationally when reading of the foreclosure number increases;the glut of homes and the downward impact on price point when,in fact,there are many regions of the country that have not been as adversely affected by speculator development and inflated land values.  Connecticut...

To paraphrase Winston Churchill, April’s housing data for Las Vegas could be the “beginning of the beginning.”  undefined·      -----Prices of ALL new homes have reached a yearly high of $291,080 – just 9.3% below last April.  The price differential between 2008...

A year's worth of new home inventory remains unsold. Regional banks are reporting losses, because of regional builders excess inventory. With increasing foreclosures, and at current building levels, the issues remain. Large projects will be next. Poor sales at destination resorts will start to impact...

Recently, stock prices of most public homebuilders have increased 20-30 percent.  This despite no visible signs of improvement in the overall housing industry.  It seems early in the cycle for these stock price upward movements, as it appears the housing market has not yet found bottom. ...

Homebuilders have recorded large inventory impairments over the last couple of years.  Most of these impairments have been for land and lots.  As these previously impaired lots are built on and a completed home is delivered, the land component as a percentage of Cost of Goods Sold may decline...

March Las Vegas housing results can best be described as mildly disappointing. Although prices remained relatively stable and inventory continued decline, surprisingly, sales did not improve significantly. Although sales did not increase in March, there is sufficient anecdotal evidence (increasing...

The limited demand within Northeast Phoenix should come as no surprise to the State.  The deceleration in home sales has created a surplus of finished and planned lots.  Despite current market conditions, BREC anticipates the market area continuing to hold value better than most Valley submarkets...