Housing Starts

xiaobailong

发信人: liliwater (lyrist), 信区: Stock
标 题: Housing Starts
发信站: BBS 未名空间站 (Fri Jul 17 22:27:44 2009, 美东)

rt
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mary666

ding

cartier

thanks!

xiaobailong

主楼的图是只关于民用住宅。下面是关于商用房产的一段评论。

xiaobailong

发信人: liliwater (lyrist), 信区: Stock
标 题: JPM Conference call comments on Commercial Real Estate
发信站: BBS 未名空间站 (Fri Jul 17 22:29:24 2009, 美东)

Analyst:
Everyone is still concerned about commercial Real Estate and kind of how it'
s performing. You haven't really
mentioned it as being a problem in the quarter highlighted it. Can you give
any color as to how you're seeing
general trends in the commercial Real Estate market?

Jamie Dimon:
Commercial Real Estate in the United States of America is going to get worse
consistently over the next
several quarters. That should not be a surprise to anybody. We've got two
major Real Estate exposures, we
have what we call CTO which is multi-family smaller loans, it's performing
fine and-- what we got from
WaMu, that's the commercial bank, 30 Billion portfolio from WaMu -- it will
get worse but we don't expect it
to be significant, materially significant to our numbers, and we also have a
more traditional Real Estate
portfolio but I would say both the Bank One, JP Morgan and Chase, we've been
so conservative of the last eight
or nine years it's been doing nothing but in general shrinking other than
the acquisition of WaMu [ it’s 12
billion] and losses are, charge-offs were for the Real Estate banking, 186
basis points and the commercial
term lending was 36 and both will get worse but they aren't that big a
number for us. It [commercial real
estate] is a big deal for regional banks.
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