National Outlook

BUILDER CONFIDENCE HITS 12-YEAR HIGH

NAHB Chair: “Builders are buoyed.” Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71, the highest reading since June 2005, on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), the NAHB reported Wednesday. “Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive ord …

Jobs, Good Jobs, and Home Buying

Tech pioneer Kodak, headquartered in the upstate New York city of Rochester, employed 145,000 workers in 1988, to manufacture, distribute, and market its film and cameras. Today, there are more photographic images taken in a single hour than were shot in all of the 1800s, many of them on Instagram, owned by Facebook, which employs just under 18,000. What this case is an example of is how technolog …

Suburban Surge

Suburbs were supposed to be over. Sprawl became a dirty word. Peripheries were unsustainable. Uncool. It appears, though, that suburbs are where it’s happening. They may even have a future. This is important right now for home builders, because the big question they need to come to some sort of answer on sooner than later is this: Is “path of growth” back? If so, is there a smarter way to approach …

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Local View

Austin Builders and Developers Mix it up at HomeBrew

Austin-area builder and developer members mixed and mingled at the inaugural HomeBrew event, held March 2 on the upstairs patio of The Dogwood at Rock Rose in The Domain.  Though there was no formal program, attendees participated in a game in which they anonymously shared history and predictions about lot pricing in key submarkets.  According to Regional Director Vaike O’Grady, “This was  a fun w …

SOUTH FLORIDA HOUSING 4Q16: Starts & Closings Decline QoQ; Vacant Inventory Up 23% YoY, But Lot Deliveries Decline 66% YoY

2Q16 Quarterly New Home Starts Up 0.6% YoY & Annual Starts Up 8% YoY. Quarterly Closings Down 12% YoY & Annual Closings Down 1.9% YoY. Broward County saw strong quarterly starts growth of 21%, but starts in Miami-Dade, Palm Beach and Treasure Coast Counties declined QoQ. Metrostudy’s 4Q16 survey of the South Florida housing market showed new home starts numbered 1,822 for the quarter, down …

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