Posts Tagged ‘DHI’Homebuilders Hoping Size Doesn’t MatterBy ANDREW JEFFERY This post first appeared on Minyanville. After nearly 3 years of bleeding cash, US homebuilders are on shaky ground. The market for new homes is being decimated by rampant overbuilding during the boom, and by the flood of bank-owned properties now being sold on the cheap. Prices remain in free fall. Even [...] Fighting Debt With… Debt?By ANDREW JEFFERY This post first appeared on Minyanville. Our elected officials appear convinced that Americans should buy stuff they don’t need with money they don’t have. The Senate, in passing its version of the over $800 billion economic stimulus package yesterday, threw a great deal of cash at 2 industries whose products we have [...] Foreclosures Sting Even Best BuildersBy ANDREW JEFFERY This post first appeared on Minyanville. Foreclosure: It’s not just for those “subprime” people anymore. Besieged by collapsing home prices and frightened banks scrounging for cash, even the real-estate industry’s brightest stars are finding there’s no place to hide. According to the New York Times, small and mid-size homebuilders who thrived during [...] Keepin’ It Real Estate: Buyers’ Market? BewareBy ANDREW JEFFERY This post first appeared on Minyanville. Is it a buyer’s market? Ask most real-estate professionals the above question, and the response will almost certainly be an emphatic “Yes!” After all, they quickly explain, inventory levels are at all-time highs, sellers are desperate to get out from under their rapidly depreciating homes, and [...] Keepin’ It Real Estate: Homebuilders Facing ExtinctionBy ANDREW JEFFERY For as bad as things are in the housing market, it’s remarkable that none of the country’s big homebuilders have gone bust. The industry’s resilience is a testament to how much money the firms raked in during the boom. Just ask guys in charge. The Wall Street Journal reports many homebuilder CEOs [...] Keepin’ It Real Estate: Realtors Try Used-Car Salesman TacticsThis post first appeared on Minyanville. That glitzy McMansion you’ve always wanted may finally be within reach. Or not. If nearly 3 years of home price declines, historically low interest rates and a relentless media barrage of half-truths from the National Association of Realtors haven’t been able to stabilize home prices, it’s doubtful a gimmicky [...] |