Mike Morgan is a Florida real estate professional with years of experience. He is often featured on Mike Shedlock’s site with his commentary of Florida real estate as ground zero in the housing bubble. He writes about his basic premise that we have been in the eye of the storm, but that there [...]

According to the Telegraph, UK housing starts hit their lowest level in 63 years. With a lack of new business, how will Barrat’s and Taylor Wimpey survive? The Telegraph suggests that investors will save them, much as they have saved the banks who are also in need of capital.
“Housebuilders’ share prices surged [...]

On Monday, I asked, “which homebuilder will go bankrupt next?” The answer came on the very next day: Legend Homes, an Oregon-based homebuilder. The Oregonian newspaper reports:
“Legend Homes, one of Oregon’s largest home builders, filed Chapter 11 bankruptcy today after its parent company made three ill-timed land investments in once hot housing markets.
David Oringdulph, [...]

When was the last time you heard of a major U.S. home builder going bankrupt? It’s been quite a while. Even though my focus right now is firmly fixed on financial institutions and mortgage lenders, I have a watchful eye on home builders. After all, I believe that the next leg down [...]