All GLG News Analyses Filed Under: Homebuilding
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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Solar companies need cut installation costs
November 4, 2009
Solar companies focus on nuts and bolts to cut costs | www.reuters.com
The article by Laura Insee correctly points out how cost cutting of solar panels is now focusing on the installation process. Much work has been done on the manufacturing process of the panel, and it is evident how further cost reduction is going to be way more difficult, law of diminishing returns.With 30% of the panels going to the residential market, building-integration should increase its market penetration.
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October 20, 2009
An Englishman's Home Is His Castle in the Air | online.wsj.com
This article, like others seen in international press, questions the reasons for home prices not to drop as per past forecasts.Homes in Europe, included Spain which is arguably the hardest hit from this crisis of the construction department, have not dropped in prices as much as initially foreseen. Drops normally range 8-10%, vis a vis a 30% tragic forecast of several months ago.Home prices do not drop simply because consumers look for low risk investments, and homes are quite safe.
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Land, Although They're Not Making More Of It...
October 15, 2009
Builders Grounded By Land Prices | online.wsj.com
The problem is less a question of land, and more of valuation.Not all firms are equally affected.
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Air Infiltration - A Major Contributor to Residential Energy Loss
September 15, 2009
Michigan Utilities offer energy efficiency rebates | www.businessweek.com
Energy Efficiency Myth: To improve the energy efficiency of a home, just add more insulation.Energy Efficiency Fact: To improve energy efficiency of a home, control air infiltration
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Jon WatsonPrincipalJon Watson Consulting
Recovery in UK housing production could trigger further land bank write downs
August 6, 2009
Taylor Wimpey takes further £527m writedowns | www.ft.com
Taylor Wimpey's results (5 August) show a further write down of £527m on their land bank and work in progress. The following day, Bellway launched a £45m rights issue to finance further land purchases (http://www.building.co.uk/story.asp?storycode=3146488&origin=bldgdailynewsletter). These different responses to the problem of writing down the value of sites purchased at the height of the housing land bubble in 2006/7 could have significant consequences as the market recovers.
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NVR Second Quarter reports mixed signals and a glimmer of hope
July 24, 2009
NVR new home orders gain, profits fall | washington.bizjournals.com
Homebuilder NVR(NYSE:NVR) reports that its profit for the 2nd quarter fell 19% compared to a year ago and the average price of a new home order is down 7%. Profits and prices are down but net sales eked out a slight increase of 2% year over year in housing orders to built new homes. The news is mixed which actually may be signaling that the new homes market is transitioning from decline to flat.
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Gavin CampbellManaging PrincipalSteelbridge Capital LLC
Foreclosures Set to Add More Years of Supply to Downtown Miami Condo Market
July 22, 2009
Downtown Miami condos pass 60% occupancy | www.frej.net
The article describes a recent study that takes comfort in the fact that "62% of units in new downtown Miami condo buildings are occupied..., defying the perception that the majority of high rises built in recent years are empty." But this ignores the fact that there is still a 10 year supply of unsold inventory at today's absorption rates and pricing , and ignores the fact that foreclosures of previously sold units increased 500% last year in Miami Dade, which will only add to the glut.
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A Cheaper Way to Save Residential Energy
July 12, 2009
Michigan Utilities offer energy efficiency rebates | www.businessweek.com
Homeowners are spending lots of money on energy saving products for their homes. Are these energy saving purchases masking wasteful habits that need to be addressed? This paper proposes a "first-step" solution to reducing residential energy waste before buying more expensive energy efficient products.
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Downtown Miami, condo occupancy 60% ?
July 8, 2009
Downtown Miami condos pass 60% occupancy | www.frej.net
As an expert in commercial real estate in Florida I have done privet studies for several customers on the market trend of as well as projections of income returns and impact of the macro economy in the real estate market, this are privet studies which I cannot publish as per the request of the customer, however all that data belongs to my investigations.
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Brazil | Resin already has 2% of the window market
July 5, 2009
New applications encourage the use of vinyl in construction | www.vimay-group.com
New vinyl applications - New business opportunities
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Most Popular Homebuilding News
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Solar companies need cut installation costs
November 4, 2009
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October 20, 2009
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Land, Although They're Not Making More Of It...
October 15, 2009
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Air Infiltration - A Major Contributor to Residential Energy Loss
September 15, 2009