National Outlook

Existing Single-Family Sales Post Strong Gains In March

Strong sales in the Northeast and Midwest drive an overall 5.1% jump. By Hanley Wood Data Studio Existing home sales–including single-family homes, town homes, condominiums and co-ops–jumped 5.1% in March, to a seasonally adjusted annual rate of 5.33 million, according to a National Association of Realtors release Wednesday morning. “Closings came back in force last month as a greater number of …

Public CEOS Averaged a 12% Comp Package Raise In 2015

Here are 2015 CEO compensation rankings for 19 of the 22 public home building companies. By John McManus, Charlotte O’Malley Twenty-one publicly-traded home building firms closed on 168,326 homes in calendar year 2015–seven out of every 10 homes delivered in our 2015 Builder 100–and generated $59.2 billion in home building revenue during the January 1 to December 31 time period. Progress, year-o …

Consumers See More Certainty In Future Housing Market

The gap between median household income growth and home price change expectations narrowed more in March Consumers feel more secure about the stability of the U.S. housing market in the coming 12 months, according to the Federal Reserve Bank of New York’s March Survey of Consumer Expectations, released Monday morning. Consumer expectations of median home price changes in the coming year ticked dow …

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Local View

Boise-Treasure Valley Housing 1Q16: New Home Starts Continue to Rise; Prices Driven Higher by Growing Demand and Increasing Costs of Land & Labor

1Q16 New Home Starts up 48% & Annual Starts up 38% YoY Pricing continues to increase along with higher costs related to land development and strong demand: new home starts above $250K increased 55% over last year Rising land prices primarily in Ada County have pushed builders into Canyon County in an effort to provide lower priced homes APRIL 26, 2016 – According to Metrostudy’s quarterly lot- …

DALLAS-FORT WORTH HOUSING: Starts Show Explosive Growth; Market Prices Continue Upward Shift

Quarterly New Home Starts up 39.1% from 1Q15; Annual starts up 22% YoY Prices continue their upward shift, as builders report the greatest demand, and strongest sales for the first quarter are between $250K and $400K and 31.6% of starts were above $400K Due to rapidly rising land and development costs, developers argue there is little hope for the revival of the sub-$200,000 new home market. This …

Housing Slips on Oil…

By Brad Hunter and Scott Davis Job growth in Houston fell sharply after the price of oil went from over $100 per barrel to $30. There is a historically tight correlation between oil prices and housing demand in Houston, and the recent dual drop continued to affirm that correlation. Houston has recently gone from more than 100,000 new jobs a year to fewer than 20,000. This is still positive growth, …

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