Monday Properties Chairman and CEO Anthony Westreich A graduate of Southern Methodist University in Dallas, Texas, Anthony E Westreich holds a bachelor of arts in history. He also completed the Owner/President Management Program at Harvard Business School in Boston, Massachusetts. Anthony E Westreich established New York City’s Monday Properties in 2004, when he acquired the private investment fund Max Capital Corporation and its entire 4-million-square-foot portfolio. Under Anthony Westreich’s direction, Monday Properties supports a long-term strategy that focuses on holding onto the properties that it acquires.…
In the case of Mueller Water Products, their 2016 annual report cites the U.S Bureau of Economic Analysis as having seen an increase in municipal spending year over year in 2016 with an economic forecast predicting this trend to continue into 2017. Their 2016 annual report also cites the U.S. Department of Labor showing a twelve months price index increase in both water and sewage rates at 3.8% for 2016 over 2015. As a company that deals with water infrastructure, a key indicator for demand, and therefore short-term success, is the year over year percent change in the housing sector. According to Mueller Water Product’s 2016 annual report, Zelmen & Associates are forecasting a 7% increase in the housing market for 2017 (Annual Report Pursuant to Section 13 or 15(d),…
Countrywide wrote so many subprime loans, due to their nature as an apathetic culture (Ferrell, Fraedrich, & Ferrell, 2013). They demonstrated very little interest to their employees and customers. In fact, they did not care how their employees deceived minorities and low-income borrowers into getting subprime loans, even if they were a high risk of not repaying the loans. Countrywide was willing to substitute good ethical conduct for unethical conduct to maximize their profits, regardless of how much the loan costed their customers (Ferrell, et al, 2013). Countrywide has an incentive to make the highest profits possible and become the largest subprime lender in the U.S. (Morgenson, 2007).…
Angelo Mozilo’s family was poor and were unable to own their home, which was the driving force behind the creation of Countrywide. Indeed, when Countrywide was founded his primary goal was to make homeownership affordable for everyone, with a focus on minorities and low income families (O’Brien, 2010). However, after 2003, Countrywide’s products sole purpose was to increase market share and was even labeled as predatory by some because it resulted in massive foreclosures hurting the very people the company had originally sought to help (O’Brien, 2010). Did Countrywide start out acting erratically and irresponsible?…
In the beginning, the MHPI was centrally run by OSD Office of Competitive Sourcing and Privatization. DoD contracting personnel were not familiar with the complexity inherent in this new approach to military housing construction: unfamiliarity with these different kinds of negotiations, plus the new legal, financial, and budget issues that appeared as the program got underway. Therefore, progress in negotiation of contracts and beginning construction was notably slower than originally envisioned. For example, the first project award, known as NAS Corpus Christi/Kingsville-I (Texas) for 404 units took place in July 1996. The second, named Everett-I (Washington) and encompassing 185 housing units, was awarded in March of 1997.…
Hassle-free Real Estate Services by the Javelin Group Nowadays everybody is struggling to achieve the best for themselves in terms of profession, healthcare, lifestyle, and even retirement plans. Speaking of retirement plans, customers looking for investing into real estate such as residential care and assisted living facilities often worry about the services and facilities offered by such establishments. To address such concerns, Alan Naul, the founder and president of Alan Naul Javelin Group, has built his real estate firm into doing something different. The firm, under the leadership of Mr. Naul, emphasizes on providing housing and medical care facilities such as independent living, retirement homes, and skilled nursing care facilities for senior citizens.…
The slowdown of the housing market greatly affected Home Depot in 2007. A three percent decline in sales caused a twenty-one percent decline in profits is caused by operating leverage. Home Depot still had to pay their fixed costs first even though their sales had declined, the fixed costs remain the same. Since fixed costs are the lever between revenue and profitability, the fact that Home Depot was building fewer homes hurt their profitability. Home Depot’s fixed costs include salary employees and the operation of their buildings.…
1. Ambrosia Start-up costs Ambrosia is an all American Texan commercial mobile food service that services thousands of customers daily with traditional home cooked gourmet meals. A United States Veteran in Houston Texas founded the company in 2016 and because of their delicacy, rapidly expanded to having more than 50 mobile locations in Houston and 125 in other cities statewide. Its mission statement is to serve “food of the Gods”. What makes Ambrosia significant from the competitors in the market is that it embraces the digital age, by being an ebusiness providing food to people who has very little time, but who also knows how to appreciate a succulent meal.…
In 2005 over 1,283,000 family homes were sold throughout the U.S. housing market according to U.S. Statistics. This was a larger number of houses sold compared to previous years with a range of 609,000 houses being sold per year. This was expansion, with lower interest rates, economic booms, and most people living in houses they couldn’t really afford if you looked into their finances. This is what later created negative home equity balances, and forecloses along with many evictions. Before the collapse of the housing bubble more and more people thought at least that they were “living the American…
The instability of the U.S. housing market in recent years has been the cause for much anxiety. After the subprime mortgage crisis in 2008, obtaining mortgages became more difficult, as laws were put in place in an attempt to prevent another housing crash. The disastrous effects of the crash complicated the matter of mortgages greatly. To alleviate some of the difficulties of obtaining and refinancing a home mortgages, Quicken Loans has developed a new system called Rocket Mortgage, that highlights its simplicity to use.…
At first it could seem like the conversion of industrial spaces in Williamsburg to housing would bring down prices in the area because it is creating more housing. However, the reality is that since the rezoning was approved, the rent in Williamsburg has continued to rise. The primary for this increase is that the majority of new housing that is being built is for wealthy residents and the rents on these units reflect that (Martucci, 2013). These luxury units have brought up the average rent rates in Williamsburg and therefore made it easier for landlords to increase rents even on units that are not considered to be luxury. This increase in rents can be explained by Neil Smith’s rent gap theory, which focuses on how landlord and investors will…
The Giant Pool of Money Analysis Every individual in the United States wishes to be a homeowner because owning a home is considered as the ultimate achievement by majority of the population and is a symbol of successful and fulfilling life (Grant, Rick). So in the early 2000s when individuals were provided an extremely easy way of getting a loan and buying a home irrespective of their job and background, majority of them grabbed the opportunity. But, this scheme of simplifying mortgage rules and procedures led to overvaluation of mortgages based on an assumption that housing prices will continue to escalate led to the financial crisis of 2008 (Blumberg and Davidson). One of the biggest issue during crisis was that the decisions made around…
The old saying “those who do not learn from history are doomed to repeat it” is absolutely true. It is my hope that people wishing to purchase property learn from the mistakes of those who made some major ones not so long ago. I hope they do not become tempted to purchase something that is beyond their financial means; and if they simply are not yet in a financial position to purchase real estate, they should wait until they can – and be content renting property until that time comes. Additionally, as things continue to improve, it is imperative that real estate lending institutions do not go back to the late 2000s practice of irresponsibly loaning huge sums of money who don’t have the means to repay it – and the mortgage companies should not offer balloon mortgages. These are the ways our country got in…
The article was about the rise of average home prices in Manhattan. It was reported that the rise in price was resulted by three factors: stronger economy in the U.S, continued demand for housing, and slow growth in supply or low inventory level. There is a slow growth of supply because some sellers were just hesitant to sell their property since they are often outbid, turned down for loans or they just could not find what they want. With the new developments in the market, not only the locals but also international buyers, particularly Chinese investors, would have a greater demand for housing. The new housing developers saw the opportunity of this continuous demand for new housing.…
Recommendation Based on the SWOT Analysis of CHHB, we found that there are areas that need to be improved by the company in order to improve their company overall performance. First and foremost, CHHB is one of the most outstanding companies in property industry and other industries as well. The company has involved and more experiences in property industry for more than 30 years. They are one of the nation’s pioneering property developers that deliver unique, innovative and quality products. These are some of the advantages of the company comparing with other competitors.…