Tag Archives: Rent

Demand is Outstripping Supply in Multifamily Housing

Let’s go with the bottom line first: Supply is not keeping up with demand for housing in almost all parts of the country. In the 12 months ending May 2014, the U.S. issued building permits (both single and multifamily) for 940,031 total dwelling units. These consisted of 566,983 singe family units, 23,924 dwelling units in …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

Residential Building Permits — Single Family is Flat But Multifamily is Growing, Systematically Under Building

As housing continues to recover, the laggard in the sector is new housing sales. New home sales were essentially flat in the first quarter of this year when to the same period of 2013 – 107,000 in 2014 versus 109,000 in 2013 http://blog.stewart.com/stewart/2014/04/25/new-home-sales-misleading-metrics-downturn-not-as-severe-as-thought-year-over-year-q1-sales-almost-identical/ The same is true for single family residential building permits. Single family …Read more

Houston Economy and Housing Markets — Full Throttle Ahead

Jobs are everything to the economy. Period. And that is the same opening I used yesterday when talking about where things are happening, economically speaking, across the U.S. This morning I will be speaking in Houston (where I live), which can best be described as an economy accelerating at full throttle — an appropriate reference …Read more

Another Top10 List — Best Places to Buy a Vacation Home

As the Dog Days of Summer draw to a close, many people are still winding up their summer vacations, while others are planning their Fall-Winter-Spring sojourns. As the economy continues to improve and consumers gain confidence in their outlook, vacation home purchases continue to rise. While some people buy a vacation property to be near …Read more

U.S. Housing Characteristics — The American Housing Survey

Did you know that in 2011: Median renter household income was $28,000 while owner-occupied housing income was $58,919 Median renter monthly housing cost was $845 versus $1,008 for owner-occupied housing Monthly electricity bills for renters was a median $90 per month versus $121 for owner-occupied housing If you ever wanted to know details — from …Read more