All GLG News Analyses Filed Under: Homebuilding

Homebuilders are employing differing speculative inventory strategies in the market today. Lennar's is driving home prices down further. This artcile explores Lennar's strategy and other strategies being employed.

Is Their Really "A New Order Upon Us" in Homebuilding? If you accept everything you read and hear in the media, you might be led to believe that.  It's true, as Bloomberg reported, that some of the larger builders are dumping inventory.  But before we draw any conclusions about "A...

The subject article is a presentation of the reality in today’s home building business. It speaks of overextended capital plans and the reality of maintaining positive cash flow. The state of the industry today parallels if not exceeds the difficulties of the early 90’s, early 80’s and mid-seventies....

Public Builders in the Central Texas housing market are dropping land contracts and lot option contracts, or renegotiating their takedowns. All builders are converting to cash and downsizing their balance sheets. Big builders are confiding that, in a couple of years, depending on absoprtion, they will...

As you know by now, the Federal Reserve Board surprised the financial world with a ½% reduction in interest rates. The impact of that action may curtail the amount of time the Nation will spend mired in a housing slump. Nowhere was this information better received than Las Vegas. There is greater...

Las Vegas' residential sale market peaked in 2004, a full year ahead of other regional and national markets. By 2007, the Las Vegas residential resale market has stabilized at about 23,000 sales per year, which is "normal" for the size of the market. More indicative of stability is the "days on market"...

The article was not accessible via the link provided.  See genral comments below on Las Vegas markets.  More specific comments by builder or project are available.

The subject article repeats the refrain common to the most overdone major housing markets in the country. Arizona, California, Florida and Nevada prices are way beyond fitting into the average budget and are going even deeper into red accounts. New York City and the surrounding states that serve as...

Consolidation will occur in the industry The strongest companies will survive the downturn five years from now there will be significant changes to the industry  

    Las Vegas has been unfairly characterized as a real estate market that will continue to melt under the stress of mounting inventory, the sub-prime crisis and lack of affordability. The impact of those forces on Las Vegas has been more severe on sales than on prices.       Overall,...