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George Skoufis
Director
Real Estate Finance Group, Standard & Poor’s Ratings Services
Biography
Author Archives: George Skoufis
Posted in Homebuilders, Housing Data, New Home Sales, Other Housing Data Tagged Top 10 Leave a comment
U.S. homebuilders continue to face headwinds as they recover from a very protracted downturn, but trends appear to be slowly improving. Standard & Poor’s Ratings Services’ base-case outlook for credit quality for the U.S. homebuilding sector in 2012 and 2013 is neutral. Our baseline economic forecast calls for a slow recovery, with real GDP growing [...]
Posted in Homebuilders, Housing Data, Other Housing Data Leave a comment
Will Mexico’s upcoming elections lay a new foundation for Mexico’s housing sector? Are homebuilders prepared to address sustainability, adapt to changes in regulation, and shape new markets? In this CreditMatters TV segment, Standard & Poor’s Associate Fernanda Hernandez discusses the key trends shaping the sector and our expectations for the intermediate term. Click here to [...]
Operating conditions for U.S. homebuilders have improved over the past six months, and the sector’s overall credit quality has steadied as a result. Standard & Poor’s Ratings Services maintains a cautiously stable outlook for the builders it rates, but we acknowledge that trends could turn negative in the second half of 2012 if our baseline [...]
The macroeconomic recovery should continue to benefit North American real estate investment trusts (REITs) and begin to aid battered homebuilders this year. But with uncertain stability in job growth and consumer confidence, how will these sectors shape up? In this CreditMatters TV segment, Standard & Poor’s Directors Beth Campbell and I explain expectations for REITS [...]
It’s hard to imagine how operating conditions could have been better for U.S. multifamily REITs last year. As the housing slump stymied new single-family development due to weak demand, multifamily properties found themselves well occupied, which helped drive solid rent growth. They didn’t just stumble into the sweet spot last year, however. Multifamily REITs began [...]
A Housing Recovery Is Buttressing U.S. Homebuilders’ Credit Quality
Although the U.S. economic recovery remains tepid and 2012 job growth was lackluster at best, activity in one area—new home sales—was markedly hotter, jumping 20% in 2012 compared with 2011. Contributing to this growth were record home affordability, rising apartment rents, an increase in household formations, and a limited supply of existing homes for sale. [...]