Economic

2017 Was the Best Year for New Construction Since 2007

January 22, 2018

The housing starts report released this morning showed starts were down 8.2% in December compared to November, and starts were down 6.0% year-over-year compared to December 2016. 

Top 10: Trulia’s Picks for 2018 Housing Market Growth

December 10, 2017

Trulia identified 10 housing markets to watch in 2018 among the 100 biggest markets, based on five key metrics: strong job growth over the past year, low vacancy rates, high starter-home affordability, more inbound than outbound home searches on Trulia and a large share of people under age 35.

Charts: Homebuilders Finding it Easier to Get Financing

December 4, 2017

Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for acquisition, development, and single-family construction loans

Survey: 3.6M More Starter Homes Needed in 2018!

November 27, 2017

The United States’ 25 most populous cities are on the verge of a crisis. In the next year, virtually every major city in the country will face a combined shortfall of more than 3.6 million starter homes, relative to expected demand from Millennials.

Report: Your City May be Entering a Housing Bubble

November 13, 2017

We think of a housing bubble as house price growth that isn’t sustainable because it isn’t consistent with underlying fundamentals, like income and job growth. To determine whether a bubble exists, we must look at both factors.

Natural Disasters Plus Labor Shortage Equals Big Trouble

October 30, 2017

Given the acute construction labor shortage that was already at play before recent natural disasters, reconstruction and its repercussions in residential real estate could pose yet another disaster.

2016 Multifamily Completions Analyzed in 3 Charts

October 30, 2017

The Census Bureau recently released 2016 multifamily completions data from the Survey of Construction. A total of 159,000 housing units, or 49 percent of all multifamily completions, were in buildings with 50 or more units, more than any other building type.

New Homes Sold in September at Fastest Pace in 10 Years

October 30, 2017

After hitting a new low in August, new home sales surged in September to their fastest pace in the past decade, according to the latest report released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

37 States See Housing Permit Growth Over Past Year

October 23, 2017

Between August 2016 to August 2017, 37 states and the District of Columbia saw a growth in the total number of permits issued.

Economists Predict Stronger Economy in 2018

October 16, 2017

The U.S. economy these days is like an old and reliable car. It’s not going to set any speed records but it’s also not going to break down and leave people stranded.