Firm News

Single Family Home Rental Market Lures Institutional Investors

Posted Monday, August 7th, 2017

A recent Wall Street Journal article examined the increased participation of large investment firms in the single family home rental market. Starting with the 2008 financial crisis, when mounting foreclosures presented an attractive investment opportunity for many institutional investors, large firms have moved aggressively to acquire single family homes in cities throughout the nation. With deep pockets, institutional investors are well positioned to renovate the homes they acquire before putting them on the rental market. As the article notes, “The… [ Read More ]

Enclave Vista Ridge — Erie, Colorado

Posted Friday, May 26th, 2017

Currently under development in Erie, Colorado, Enclave Vista Ridge is a great example of the investment opportunities that Granite Capital Group sponsors. A commuter community for both Denver and Boulder, Erie offers a high quality of life and lower cost than either of those cities and, for that reason, has been drawing many new residents in recent years. Adding new, high quality units to the constrained housing supply in the area, Enclave Vista Ridge will be uniquely attractive to prospective… [ Read More ]

Shale 2.0 Reshapes Global Energy Dynamics

Posted Wednesday, March 29th, 2017

When oil prices cratered in 2014, much of the blame was attributed to the dramatic increase in US energy production that was made possible by fracking and other technologies. The situation was exacerbated, everyone agreed, by Saudi Arabia’s decisions to increase their own production at the same time. Traditionally, Saudi production costs have been among the lowest in the world, so it was reasonable for them to assume they could weather the downturn better than their competitors. It is clear… [ Read More ]

Paltry Inventory Stymies Would-Be Homeowners

Posted Tuesday, March 7th, 2017

The Washington Post recently examined the climate for first time home buyers and found that even more barriers exist to ownership than are commonly considered. Principally, the article looked at the lack of homes for sale and how that impacts those trying to enter the market. “The houses go so quickly” laments Teree Warren, a 31 year-old who is trying to buy a home in the Dallas area. Adding to delayed household formation, staggering student debt and slow wage growth,… [ Read More ]

Housing Affordability Drops to 2010 Levels

Posted Wednesday, February 8th, 2017

Two new reports about the U.S. housing market show that higher mortgage rates, increasing home prices and tepid wage growth are all conspiring to keep home ownership out of reach for many middle-income Americans. The December 2016 Mortgage Monitor report from Black Knight Financial Services shows that housing affordability is currently at the lowest levels since 2010—a median wage earner would have to devote 22.2% of their income to make payments on a median priced home. With data from CoreLogic… [ Read More ]

OPEC Cut Brightens Prospects for U.S. Energy Producers

Posted Tuesday, December 6th, 2016

For the first time in 8 years, OPEC members have voted to reduce their collective output by 1.2 million barrels per day. The cut amounts to an approximately 3.5% reduction in OPEC production and, combined with reductions in Russian output, will be sufficient to trim total global oil production by about 1%. The immediate reaction in energy markets, with prices surging upward, no doubt gives OPEC renewed hopes of relevance in a global energy market that has seen several non-OPEC members… [ Read More ]

Fiscal Implications of Trump Presidency Remain Unclear

Posted Tuesday, December 6th, 2016

As the shock of the Trump election wears off, markets and policy makers are turning their attention to the future and trying to determine what policies a Trump administration is likely to pursue. One thing that has garnered much attention is Trump’s intention to dramatically increase infrastructure spending. While this is the sort of investment that generally attracts support from across the political spectrum, coupling such spending with Trump’s proposed tax cuts is making fiscal conservatives nervous about the potential… [ Read More ]

EIA Administrator Sieminski Sees Higher Oil Prices Ahead

Posted Wednesday, November 16th, 2016

The U.S. Energy Information Administration (EIA) is a division of the Department of Energy tasked with collecting and analyzing data regarding energy markets and supply levels. In a recent interview with EIA head Adam Sieminski, Bloomberg Businessweek got some revealing opinions from a man with his fingers on the pulse of the markets. Most notable for those with an interest in oil prices, Sieminski declared that he sees a return to $50/barrell prices as imminent, with prices heading toward $60/barrell… [ Read More ]

NAR Report Highlights Denver Housing Shortage

Posted Wednesday, October 19th, 2016

A new report from the National Association of Realtors includes Denver on a list of the U.S. cities suffering from the biggest housing shortages. According to the report, more than 67,000 single family homes would have to be built in Denver just to return inventories to historically normal levels. Comparing that figure to the August housing inventory of 7,327 units reported by the Denver Metro Association of Realtors, it’s clear that such a large imbalance will not be resolved quickly…. [ Read More ]

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