Category Archives: New Development

What Recovery? New Home Sales Dive.

Posted on February 25, 2010 by grim
Posted in National Real Estate, New Development | 432 Comments

From the Wall Street Journal: New Home Sales Plunge to ’63 Levels Sales of new single-family homes plunged last month, underscoring the fragility in the housing market. Sales dropped 11.2% in January from a month earlier to a seasonally adjusted … Continue reading →

“Gutting” COAH

Posted on February 2, 2010 by grim
Posted in New Development, New Jersey Real Estate, Politics | 361 Comments

From the Philly Inquirer: Affordable-housing changes pushed in New Jersey A plan to eliminate the state Council on Affordable Housing and put towns in charge of their own housing obligations is necessary to streamline an unwieldy bureaucracy, supporters said yesterday. … Continue reading →

Party Like It’s 1945, FHA Drops The Hammer, Weekend Open Discussion

Posted on January 30, 2010 by grim
Posted in Economics, New Development, New Jersey Real Estate | 190 Comments

From the Star Ledger: N.J. home sales may be adversely affected by FHA guidelines Measures intended to protect government-backed loans from widespread defaults and foreclosures could have an adverse effect on the state’s housing sales, according to industry experts. Earlier … Continue reading →

Housing starts give mixed signals about recovery

Posted on October 21, 2009 by grim
Posted in Housing Bubble, National Real Estate, New Development | 146 Comments

From the AP: Meltdown 101: Housing starts show industry’s woes Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst — at least not for … Continue reading →

Unprecedentedly Brutal

Posted on April 23, 2009 by grim
Posted in Economics, Housing Bubble, New Development, New Jersey Real Estate | 275 Comments

From the Record: N.J. builders feel the pain New Jersey builders used the words “brutal” and “unprecedented” repeatedly at a statewide trade show Tuesday to describe a housing market undermined by surging unemployment and tighter mortgage lending. Attendance at the … Continue reading →

Saving Paris Orange

Posted on April 20, 2009 by grim
Posted in Economics, New Development, North Jersey Real Estate | 365 Comments

From the NY Times: Dissecting the ‘Heart of Orange’ A GLOBAL economic crisis provides the perfect opportunity to rethink the design of an old city — be it Paris or Orange — said a French urbanist who has been engaged … Continue reading →

Losing Glitter

Posted on March 17, 2009 by grim
Posted in Housing Bubble, New Development, New Jersey Real Estate | 102 Comments

From the WSJ Developments Blog: Hard Times for Hovnanian’s Jersey City Condo During the boom, home builder Hovnanian Enterprises Inc. launched its biggest tower, a 48-story condo showpiece in Jersey City, N.J., offering Big Apple views just feet from the … Continue reading →

State seeks to eliminate age-restriction on new development

Posted on March 16, 2009 by grim
Posted in New Development, New Jersey Real Estate | 275 Comments

From the Trenton Times: State may lift age-restrictions on some housing As developers across the state hesitate to break ground on projects that looked more profitable in better economic times, experts say housing reserved for residents “55 and older” is … Continue reading →

The End of Farmland Assessment?

Posted on February 9, 2009 by grim
Posted in New Development, New Jersey Real Estate, Politics, Property Taxes | 302 Comments

From the Asbury Park Press: Plug farm tax loopholes A pair of bills being drafted by state Sen. Jennifer Beck, R-Monmouth, that would revise farmland assessment laws would help keep New Jersey’s agriculture industry productive while preventing wealthy landowners from … Continue reading →

S&P: New York Commutable Area Home Prices

Posted on January 27, 2009 by grim
Posted in Economics, New Development, New Jersey Real Estate | 69 Comments

Updated the S&P Case Shiller Home Price Index graphs with the November release data. These graphs show all indicies for the NY Metro Commutable Area. As the name implies, this price index covers regions that are within commutable distance to … Continue reading →

“[N]o broad recovery until at least 2010″

Posted on January 21, 2009 by grim
Posted in Economics, Housing Bubble, National Real Estate, New Development | 194 Comments

From the WSJ: Builders Predict More Housing Pain REAL ESTATE JANUARY 21, 2009 By JIM CARLTON The worst U.S. housing downturn since World War II is likely to deepen further this year, with no broad recovery until at least 2010, … Continue reading →

January Beige Book

Posted on January 14, 2009 by grim
Posted in Economics, New Development, New Jersey Real Estate | 158 Comments

From the Federal Reserve: January Beige Book – Second District–New York Construction and Real Estate Housing markets in the District have been mixed but generally weak since the last report. A New Jersey industry contact reports that the market for … Continue reading →

S&P Case Shiller October Home Price Index

Posted on December 30, 2008 by grim
Posted in Economics, National Real Estate, New Development, Risky Lending | 275 Comments

From the AP: Home prices post 18 percent annual drop in October A closely watched index shows home prices dropped by the sharpest annual rate on record in October. The Standard & Poor’s/Case-Shiller 20-city housing index released Tuesday fell by … Continue reading →

History Rhymes: Gold Coast Loses Its Glitter

Posted on December 27, 2008 by grim
Posted in Housing Bubble, New Development, New Jersey Real Estate | 213 Comments

I came across “Housing Inventories on the Rise” this morning and thought it sounded a bit familiar. Sure enough, the same story was published in the New York Times nearly 18 years ago, when the last real estate bubble burst. … Continue reading →

November New and Existing Home Sales

Posted on December 23, 2008 by grim
Posted in Economics, Housing Bubble, National Real Estate, New Development, New Jersey Real Estate, Risky Lending | 343 Comments

From the AP: Existing home sales sink by 8.6 percent in November, as prices plunge a record 13.2 percent A real estate group says sales of existing homes plummeted far more than expected last month as buyers reeled from October’s … Continue reading →