Archive
Land Takes Primacy in Homebuilder M&A
While the majority of M&A targets are valued based on a projected stream of future cashflows, in homebuilder M&A, asset value – that is, land value – takes center stage.
The Return of the McMansion
In the aftermath of the bursting of the housing bubble, many pundits expounded upon “the end of the suburbs” with even a book written by that name. However, the data
Housing Outlook 2015
Kiplinger sets forth its perspective on the housing market for 2015. Among the key takeaways – modest price appreciation, return of first-time buyers and increased new home production. All-in-all, similar
Hovnanian Beats the Street
In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a
Toll Releases Fourth Quarter Earnings
Despite relatively strong 4Q earnings of $131.5M, an increase of 39% over the year ago period, the earnings figure fell short of analyst expectations of 73 cents a share versus
Sunbelt to Lead Homebuilder Growth
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
Land Acquisition Challenges
Land acquisition veteran Joseph Reed, newly with Shopoff Realty Investments, discusses acquisitions strategy and challenges. At the top of his list of challenges? Navigating the difficult entitlement process in California
New Homebuilding Publics
Among the cohort of new, publicly-traded homebuilders this cycle are UCP and Century Communities. In this Builder Magazine article, a deeper look is taken into the origins and philosophies of
Slowing Home Price Appreciation
No real surprise here – after a sharp bounce back off the bottom, particularly in core markets, home prices appear to be leveling off. Overall, this is probably not bad
Mortgage Standards Set to Loosen
In what could potentially be a major catalyst for the housing market, new guidelines – meant to provide greater clarity as to when Fannie Mae and Freddie Mac can force
