Tag Archives: Housing Starts

Another Top-10 List — Best Markets for 1st Time Homebuyers, and Worst

Earlier this week, HousingWire had an article telling first-time homebuyers (Millennials) in Dallas, Texas that they should just adjust to being renters since land and development costs make a sub $200,000 new home almost impossible. To read the article click http://www.housingwire.com/articles/36878-hey-dallas-millennials-better-get-used-to-renting As I have written in the past, home builders continue to face three headwinds …Read more

Another Top-10 List — 2016 U.S. Boom Towns

Regardless how good or bad the U.S. economy is, at any point in time some markets are hot and others are not. Even within a city, some neighborhoods are hot and others not. Jobs are everything. Period. As jobs increase, likewise does construction and household formation rates. To define the hottest markets in the country, …Read more

December 2015 Existing Housing Sales Robust — Up 7.7 Percent Year-Over-Year and Up 14.7 Percent Vs. TRID-Impaired November 2015

Existing home sales in December 2015 came roaring back to a seasonally-adjusted annualized rate (SAAR) of 5.46 million according to the National Association of Realtors® (NAR).  Sales were  up 7.7 percent year-over-year and up 14.7 percent after a dismal November existing housing sales volume due to the newly implemented TRID lending rules.  Median price rose …Read more

November 2015 New Home Sales Remain Strong – But These Metrics Are Not Comparable to Existing Home Sales Data

On initial glance, new home sales appear to have weathered the storm much better than existing home sales. November new home sales saw year-over year gains of 9.1 percent and up 4.3 percent sequentially from October 2015 (which was revised downwards from an initial 495,000 sales to 470,000). In comparison, November existing home sales dropped …Read more

September Existing Home Sales Hit the High-Water Mark of 2014 at 5.17 Million on an Annualized Basis — Median Price Up 5.6 Percent Year-Over-Year to $209,700

September existing home sales rose to the highest level seen thus far in 2014, reaching a seasonally adjusted annualized rate (SAAR) of 5.17 million according to the National Association of Realtors (NAR). While sales rose 2.4 percent sequentially from August, they were 1.7 percent less than the 5.26 million SAAR seen a year ago. The …Read more

Portland, Oregon — An Award Winning Rose of an Economy

This week I had the opportunity to speak to the Oregon Mortgage Bankers Association in Portland, Oregon. It was a fun trip to catch up with colleagues, friends, customers and for the first time, see a new granddaughter as my daughter, son-in-law and children live there. The Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) created 28,900 net …Read more