Archive
Easing Mortgage Standards
Mortgage standards appear to be loosening in what will be a critical factor in aiding the housing recovery. After a period of tight standards in the wake of the housing
OC New Home Market Takes a Breather
It appears that the pace of new home sales in Orange County is pulling back from its once rapid pace. With a low supply and strong demand dynamic, homebuilders had
Housing Starts Fall in January
Housing starts fell 2% in January to a 1.07 million annual rate from 1.09 million in the prior month. The decline was primarily due to a drop in single-family starts
Homebuilder Confidence Slips in February
The National Association of Home Builders/Wells Fargo index fell to 55 from 57 in January. The drop was attributable to builders active in the Midwest where severe weather resulted in
New Normal for Homebuilding?
Nobody needs to be reminded that homebuilding is a highly cyclical business. However, each cycle also has its own characteristics, nuances and trajectories. Certainly, our most recent cycle, which both
Uptick in First-Time Homebuyer Activity
With a number of factors contributing – low mortgage rates, improving economy, easing credit requirements, slowing price appreciation, higher rents – it appears that first-time homebuyers are moving off the
Meritage Beats Street on Earnings in 4Q 2014
Another homebuilder beats Wall Street estimates on earnings for 4Q 2014. Meritage Homes produced earnings per share of $1.19, besting the average analyst of $1.03 by 15.5%. Total revenue of
Ryland Tops Street in 4Q 2014
Ryland comes in with strong earnings for 4Q 2014 checking in at $1.26 per share and beating the consensus street estimate of $0.96 by a hefty $0.30. Revenue of $867.8M
Beazer Misses Big for Fiscal 1Q 2015
For fiscal 1Q 2015, Beazer reported earnings of ($0.68) per share versus the consensus analyst estimate of ($0.16) for a miss of $0.52. Revenue was $265.8M for the quarter against
December Data Bodes Well for Housing
Single-family building permits, housing starts and new home sales all posted strong numbers in December in an indication that the new home housing market is headed on a sustainable upward
