Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Accelerated Reductions in Book Value
March 3, 2008
Decline in Home Prices Accelerates | online.wsj.com
Issues associated with loss of income tax benefits result in accelerated reduction of book value in homebuilders.
Joint Venture Completion Agreements
March 3, 2008
Decline in Home Prices Accelerates | online.wsj.com
Unforseen risks associated with homebuilder joint venture agreements and accompanying completion agreements.
Pop goes the property boom? Not in the real world.
February 28, 2008
Pop goes the property boom | www.guardian.co.uk
“The spectre of negative equity that blighted so many households in the 90s is back with a vengeance”. Is it? Articles like this can be very influential in determining market sentiment so may become self-fulfilling prophecies despite the facts.
IS THIS THE BEGINNING OF THE END?
February 19, 2008
The "R" Word | www.lvrj.com
The Las Vegas housing industry started the New Year with dismal sales volume, declining inventory and median prices that appear to be in the process of stabilizing. In view of January’s housing statistics, this year may, in fact, have started with a good news/bad news scenario. The bad news came on two levels: (1) a decline in sales volume for all housing product types; and (2) a record foreclosure level. The good news also came on two levels: (1) Inventory in every category continues to decline; and (2) prices appear to be in the process of stabilization. In effect, January may be the beginning of the end of the housing slump here.
Challenging Year Not in Question, Depth is
February 11, 2008
Housing Forecast: More Storms | online.wsj.com
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 some thoughts on the Phoenix metro area….
Homebuilding Decline Affects More Than Home Builder
February 11, 2008
Toll Brothers' First Quarter Revenues Off 22% | www.builderonline.com
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?
February 6, 2008
Home Buyers Market-Hardly | articles.moneycentral.msn.com
We began the "slippery slide" a few months ago. Bigger issues are at play here--it's not just a sub-prime crisis.
February 4, 2008
Home Affordability | www.marketwatch.com
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 U.S. needs the basic housing product it last built n the 1940's
February 4, 2008
Home Affordability | www.marketwatch.com
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 and electronics costs, education and healthcare.
January 29, 2008
TOUSA Files for Chapter 11 Bankruptcy | www.bigbuilderonline.com
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?
Solar companies need cut installation costs
November 4, 2009
October 20, 2009
Land, Although They're Not Making More Of It...
October 15, 2009
Air Infiltration - A Major Contributor to Residential Energy Loss
September 15, 2009