| Wall Street Report |
Despite rising oil prices and a drop in consumer spending and income, indices closed in positive terrain for the month ending March 31, 2006. The Builders' Index added 12.32 points, or 0.98 percent, to end March at 1264.97.
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| Selling Strategies |
At the builder show in Orlando I got the sense that builders were nervous about the market and where it was headed.
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| M & A Report |
Whether we are weathering a minor blip in home sales (like 2001) or the major housing market downturn many analysts have long expected (like 1991), only time will tell. Whichever it is, it's already profoundly affecting the home building company merger and acquisition marketplace.
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| Market Intelligence |
This month, we feature two markets that have strong job growth and excellent affordability: Austin and Salt Lake. Both markets are experiencing job growth in almost every sector of the economy (see chart included) and both markets have experienced very little price appreciation this decade.
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| From the Editor |
Every now and then, I run into a private builder with an interest in going public who asks my opinion on the state of the market, and whether the window for an initial public offering may be opening.
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| CEO Spotlight |
Ever since merging their home building businesses to form Meritage Homes Corp. in 1997, John Landon, in Plano, Texas, and Steve Hilton, in Scottsdale, Ariz., have shared financial responsibilities and divvied up supervision of 14 divisions across the Southern and Western United States without a hitch.
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