How Desperate are the Homebuilders?

NEW -> Contingent Buyer Assistance Program
The next housing casualty?

Orange County homebuilders and developers are struggling with high debt and dropping credit.



<p>http://www.ocregister.com/money/million-pacific-standard-1969333-lyon-company</p>
 
<p><a title="Permanent Link: Standard Pacific staff cut 27%" rel="bookmark" href="http://lansner.freedomblogging.com/2008/02/05/standard-pacific-staff-cut-27/">Standard Pacific staff cut 27%</a></p>

<p>http://lansner.freedomblogging.com/2008/02/05/standard-pacific-staff-cut-27/</p>
 
<p>Angry homebuilders halt Congressional contributions</p>

<p><a href="http://lansner.freedomblogging.com/2008/02/13/angry-homebuilders-halt-congressional-contributions/">http://lansner.freedomblogging.com/2008/02/13/angry-homebuilders-halt-congressional-contributions/</a></p>

<p>Added 2-15-08 ... oh there's more to this story...</p>

<p>http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021303699.html?hpid=topnews</p>
 
Prices Offered Up to 50% Off During D.R. Horton's 'UnAuction' Sale - February 16 and 23 Only!



<p>http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-08-2008/0004752623&EDATE=</p>
 
Via e-mail:<strong>


Announcing New 30-Year, Fixed-Rate Mortgages at 5%*</strong>





At John Laing Homes we are dedicated to offering the lowest possible monthly payments for our homebuyers. Through a special, limited-time program with our lending partner JLH Mortgage, we can now provide a select number of reduced, fixed-rate mortgages to our buyers at numerous Southern California neighborhoods. We are offering 30-year, fixed-rate loans at 5%, including an unbeatable fixed 3% in the first year.





These rates are another example of John Laing Homes' aggressive and highly personalized approach to providing unmatched home buying experiences for our customers. This is just one of many customized programs John Laing Homes offers its buyers depending on their specific needs.





PROGRAM DETAILS & OPPORTUNITIES





* 30-year fixed-rate mortgage at five percent


* Exceptional benefit and long term savings for buyers


* Guaranteed lower monthly payments without any tricky financing


* Available at select move-in ready homes
 
just got the email too - none of the john laing 5% select homes are in irvine - oceanside, santa ana, del rey, chino and winchester - figures - I was ready to rush out! ha!
 
FHA is gov't sponsered program, and VA is for Veterans. Used to be the only way you could buy for nothing down, except FHA was 3%, now nothing.
 
<p>Where's Empire? </p>

<p><a href="http://www.azdailysun.com/articles/2008/02/17/news/20080217_front%20page_23.txt">http://www.azdailysun.com/articles/2008/02/17/news/20080217_front%20page_23.txt</a></p>
 
<p>Email today from Standard Pacific:</p>

<p> </p>

<p>Dear "GITOC",





Just as the peak time to buy arrives, J.D. Power and Associates Highest Rankings help shape your decision to explore Standard Pacific Homes' incredible opportunities!





Superb selections in Irvine, and unbeatable final opportunities in Torrance top the list of reasons to act now! Standard Pacific Homes is making your new home irresistible. Find out about the unmatched grandeur and sales success at our newest collection at Crystal Cove. Get all the details by viewing our <a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html">online newsletter now!</a> See how Standard Pacific Homes is giving buyers at every stage, the opportunities you've waited for.





<img height="14" alt="" width="168" border="0" src="http://www.interactivate.com/standardpacifichomes/newsletter/feb08/images/ttl7.gif" /> </p>



Standard Pacific Homes is "Highest Ranked for Customer Satisfaction, Quality and Design Among New-Home Builders in Orange County" by <a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story1">J.D. Power and Associates</a>.

<a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story2">Bayberry & Acacia</a> in Torrance are closing out the community with unbelievable final opportunities for a great South Bay lifestyle!

<a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story3">Shady Lane and Hidden Hollow</a> at The Preserve at Chino offer up to $75,000 in Allowances to spend your way on select locations

Up to $70,000 Allowances on select homes makes <a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story4">Palo Verde</a> in La Quinta the smart place to purchase single-level detached elegance with all the luxuries now!

Exquisite locations at <a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story5">Serra in Portola Springs</a> offer get-away surroundings in a close-to-everything address

Panoramic ocean luxury is welcomed by buyers at <a class="copylink" style="FONT-WEIGHT: bold; FONT-SIZE: 11px; COLOR: #000000; LINE-HEIGHT: 18px; FONT-FAMILY: verdana,arial,helvetica,sans-serif; TEXT-DECORATION: underline" target="_blank" href="http://www.activatemail.com/amail/redir.cgi?msgID=7322&UID=1359554&URL=www.interactivate.com/standardpacifichomes/newsletter/feb08/full.html#story6">The Tides</a>, an estate collection at Crystal Cove

>
 
I don't understand why the homebuilders are building anything at the moment. No reason to do anything other then finish what they started.
 
<p>Don't worry, the builder problems are contained...</p>

<p>Sun Hung Kai, Mitsubishi Estate Lead Asian Property Stocks Drop </p>

<p>http://www.bloomberg.com/apps/news?pid=20601087&sid=alfmN9Ujtyy4&refer=home</p>
 
<p>http://www.bloomberg.com/apps/news?pid=20601087&sid=aQWRUinDTAI8&refer=home</p>

<p>Homebuilder Confidence </p>

<p>For example, confidence among U.S. homebuilders rose for a second straight month in February and companies said there were more prospective buyers touring properties, the National Association of Homebuilders said on Feb. 19. In addition, the Reuters/University of Michigan index of consumer sentiment showed a record number of Americans said lower prices made conditions more favorable for buying a house. </p>

<p>Elevated inventories and sluggish demand are prompting sellers to lower their prices. The National Association of Realtors forecast on Feb. 7 that prices for existing homes will decline 1.2 percent this year. </p>

<p>``We're seeing prices now that are basically back to '02, '03 levels,'' Ara Hovnanian, chief executive officer of Hovnanian Enterprises Inc., said in a Bloomberg Television interview on Feb. 21. ``That begins to get compelling for customers.'' </p>

<p>Even so, the housing market ``continues to be in a very difficult position right now,'' and weaker sales are cutting into builders' profits, Hovnanian said. </p>
 
<p>This smacks of desperation...</p>

<p><a target="_blank" rel="nofollow" href="http://ionmx.com/apps/redir.aspx?type=1&l=UifgfCE&t=ca6-faf-fa9-6222-18a319&U=http%3a%2f%2fwww.kbhome.com"><img style="WIDTH: 317px; HEIGHT: 250px" height="514" alt="" width="640" border="0" src="http://img.ionmx.com/ionmxweb2/MXOrgs/3238/Content/images/71785/71785_01.jpg" /></a></p>
 
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