Calculated Risk: NAHB on Housing: "Deepest, most rapid downswing since the Great Depression"
3/4/2008 [Calculated Risk]
From MarketWatch: Rapid deterioration Housing is in its "deepest, most rapid downswing since the Great Depression," the chief economist for the National Association of Home Builders said Wednesday
Single-Family Housing Starts Sink to a New Low
3/17/2008 [WSJ Real Estate Journal]
February single-family housing starts decreased 6.7% to 707,000. Building permits fell 7.8% to a 978,000 annual rate, the lowest level since September 1991.
Two Projects in Default Dog Big Home Builders
3/17/2008 [WSJ Real Estate Journal]
Massive Las Vegas projects involving Toll, KB Home and Lennar received default notices on about $765 million in debt.
Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings March 2008
3/17/2008 [Paper Economy Blog]
Today, the National Association of Home Builders (NAHB) released their Housing Market Index (HMI) showing continued evidence that the new home market is experiencing a prolonged bout of depression
Woes mount for SunCal3/11/2008 [Orange County Register]
Irvine-based land developer faces rising claims from contractors, suppliers and lenders.
Toll Brothers Warns Of Risk Tied to Ventures
3/11/2008 [WSJ Real Estate Journal]
The company said it could suffer 'significant' losses if its joint-venture partners don't honor their obligations to certain development projects.
Lennar stock soars 8.68% on buyout rumors
2/26/2008 [SNL Exclusive]
Whispers in the market say a group from the United Arab Emirates may buy the Miami-based homebuilder, according to Reuters.Industries: Homebuilder Referenced Companies: Standard Pacific Corp., Centex Corp., Lennar Corp., Beazer Homes USA...
2/27/2008 [Calculated Risk]
“Months of supply" is at the highest level since 1981. Note that this doesn't include cancellations, but that was true for the earlier periods too.
Bankrupt Dunmore Homes liquidating assets
2/29/2008 [Sacramento Bee]
Bankrupt Granite Bay home builder Dunmore Homes appears headed for the scrapheap after more than a half century of building homes in the Sacramento area.
Research Commentary: New Home Inventories Slide
2/28/2008 [NAR Realtor.org]
Manager of Regional Economics Ken Fears discusses the latest new home inventory release.
