Number Of The Day....Worst New Homebuilding & Towerorders

This should be no surprise to long time readers. At least they have now positive orders....In February the defaults outnumbered new orders...I think we can now officially call them WCI.com.....Here is my earlier take and i highly recommend the take from Mike Morgan. He was one of the first who saw this coming and has just made an update on WCI. Enjoy!

Für Leser die meien Blog schon länger verfolgen sollte das keine wirkliche Überraschung sein. WCI.com trifft es wohl am besten.......Hier meine Sicht von WCI. Darüberhinaus gibt es eine Übersicht von Mike Morgan der einer der ersten richtigen Experten gewesen ist der das ganze Immobiliendebakel fast zu 100% richtig vorhergesehen hat. Er hat gerade letzte Woche eine Art Sonderbericht zu WCI gemacht. Viel Spaß!

For the three months ended June 30, 2007, the aggregate value of Traditional and Tower Homebuilding net orders fell 96.2% over the same period a year ago to $9.1 million, while the number of unit orders declined 82.6% to 50

wci bal harbour update

with the recent stock performance in mind i think it is a good idea to look at their most important project "one bal harbour".

make sure you read this post from december.

in december were 94 units up for sale. since then the number has increased 8% to 102 in under 30 days. this brings "bal harbour" now close to 40% of listed units (total units 260).

click to see actuell listings at condo flip

unfortunately you can´t see if the increase in listings is a result of defaults. but i guess with this inventory lots of buyers having no problem giving their deposit away.