Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
The home sales slump had to happen eventually. Nervous builders across the country are asking: How long will this slowdown last? How bad will it get? The answer depends on the characteristics of your local market.
Experts consider housing affordability a primary driver of housing demand. If a buyer's income rises and mortgage rates and/or house prices decline, chances are homes are going to sell like hotcakes...right? Maybe not. The National Association of Realtors' Housing Affordability Index estimates the percentage of a house that a household earning median income can afford.
Builders can obtain demographics and other economic data from various government and private sources. However, some builders have their own ideas for getting a better read of their marketplace. In addition to tracking real estate deals to uncover emerging trends, builders in some markets have shown the local Multiple Listing Service can be a powerful tool for demand analysis.
Some negative news including predictions of a sustained decline in the housing market in 2006 slowed the markets in December. The anticipated so-called Santa Claus rally never materialized, but other factors such as soaring consumer confidence numbers for December left investors scratching their heads.
Whoever said a rising tide lifts all boats didn't know boats. All boats, like all building companies, fare very differently in the same conditions. No two voyages are exactly the same. Even with the best captain and an experienced crew, navigating rough seas and storms takes a blend of technical know-how and sheer brass.
A Halloween rally wasn't enough to bring the major indices into positive terrain for the session ending October 31, 2005. Consumer spending rose 0.5 percent after a drop in the previous month. The Commerce Department also reported a 3.8 percent gain in the gross domestic product for the July through September quarter, growing more than expected in the wake of Hurricanes Rita and Katrina.
Giant Market: San Diego After unprecedented levels of price appreciation, the San Diego market has returned to normal market conditions. Three factors have contributed to the softening of the market: While some overpriced situations exist, market demand and supply is largely in balance. The 19,400 jobs created in the last 12 months exceed construction levels by 23 percent, which is a healthy de...
Every consumer press story at the moment seems to be about a slowdown in the housing industry (and don't you want them to shut up with their self-fulfilling prophecies?), the last thing we want to hear out of Washington is that a presidential panel on tax reform is recommending we submarine a housing tradition since 1913 — the home-mortgage tax deduction.
In last month's article, we discussed the process of finding land to develop as well as how to conduct the preliminary investigation and financial analysis. This article will discuss tying up the land, due diligence and financing. Tying Up Land Once you've identified a parcel of land and completed the preliminary investigation, you'll need to tie up the land until you are ready to acquire it.
Building stocks and the major markets took a hit this month as oil prices jumped to record highs. Hurricane Katrina devastated petroleum refineries and the uncertainty of the storm's effects forced markets downward. "The president of the Philly Fed is saying the Fed has to adapt to changing circumstances," said Todd Leone, managing director of equity trading at SG Cowen Securities.