All GLG News Analyses Filed Under: Homebuilding

Few will debate whether or not prices are actually falling; most every measurement has recently shown a decline, and with economic projections what they are, prices are expected to continue to fall.  How long and how far are the questions at hand.  Belfiore Real Estate Consulting (BREC) has...

The home building industry remains depressed and builders are reporting falling revenues and big losses.  For those who survive, will the infrastructure of suppliers, distributors and tradesmen be there to support them for the next "up" building cycle?

We began the "slippery slide" a few months ago. Bigger issues are at play here--it's not just a sub-prime crisis.    

For the next several years we'll be shaking overcapacity out of homebuilding. Affordability is not a very clear term, but basically is related to another one - depreciation.

The featured commentary notes that even as home prices across the nation implode, affordability ratios are not moving in favor of the consumer.  Wages are lagging the increase in household budget items such as utility costs, food, transportation, gasoline and heating oil, communications services...

This event has been months in the making, ever since restructuring experts were brought in last fall. The question is, are there more Top 25 builders headed down the same path? 

Ms. Kamala Worthington  wrote the article and I agree with what she said. FLorida and CA are two of the worst areas for real estate in the country. Foreclosures and short sales will be even better for buyers in 2008. Mortgages will be a lot tougher to get in 2008

Housing market’s statistics from 2007 showed why Las Vegas builders and Realtors raised their glasses to toast the New Year with trembling hands. Many analysts have already forecast 2008 to be a worse year for Las Vegas than 2007. I disagree.

Finally we have the first forecast of a housing recovery that seems believable. The five year forecast for Phoenix appeals to my sense of reality and I agree. I also agree that we will forget the current pain and euphoria will reign again.

2008 isn't shaping up as a good year for the mortgage industry as delinquencies hit record highs, foreclosures reach record levels, builders are faced with too much inventory and in December 2007, applications for building permits fell by 8.1%, which marked the seventh consecutive monthly decline and...