National Outlook

Lack of Attainable Housing Stymies Millennial Generation

Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in the background and they’re marrying and starting famil …

2Q17 Metrostudy Housing Forecast Webcast Recap

On May 11th Metrostudy’s Chief Housing Economist, Mark Boud, presented his housing webcast to a virtual room of over 1,200 registrants. The following four Regional Directors from each of the Texas major metros joined Mark in a round table lightning session to present the trends and outlook for their local markets: Paige Shipp (Dallas & Fort Worth), Vaike O’Grady (Austin), Jack Inselmann (San A …

The Four U.S. Cities with the Highest Construction Costs

Jennifer Goodman / Builder / May 22, 2017 Turner & Townsend ICMS 2017 New York and San Francisco have taken over Zurich, Switerzland, as the most expensive cities in which to build, according to a new study that also shows the global effects of a shortage of construction labor. Construction costs in New York are set to rise by 3.5 percent over 2017, reflecting a major influx of real estate inv …

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Local View

ATLANTA HOUSING 1Q17: 2017 Housing Market Expected to Continue First Quarter’s Strong Growth

1Q17 Atlanta Annual New Home Starts Up 10.4% YoY & Annual Closings Up 15.4% YoY North Atlanta represented 74% of all new home activity in the Atlanta region in 1Q17 Finished Vacant inventory was up YoY in both North & South Atlanta, but supply of Vacant Developed Lots declined YoY Metrostudy’s 1Q17 field research on the Atlanta housing market revealed that the Metro-wide, Atlanta’s annual …

Lack of Attainable Housing Stymies Millennial Generation

Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in the background and they’re marrying and starting famil …

NAPLES / FT MYERS HOUSING 1Q17: New Home Starts Decline; Annual Closing Rate Increases 16% YoY But Flat QoQ, Ending 19 Consecutive Quarters of Growth

1Q17 Annual New Home Starts Down 2.1% YoY & 2.1% QoQ; Annual Closings Up 16% YoY But Flat QoQ, ending 19 consecutive quarters of gains. Collier County saw solid growth in quarterly starts and closings; lot deliveries increased 176% from 4Q16. Lee County quarterly starts and closings declined from 4Q16 levels; lot deliveries were down 51% from the previous quarter. Metrostudy’s 1Q17 survey of t …

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