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

NAPLES/FT MYERS HOUSING 1Q16: Strong Starts Pace Continues with 19 Quarters of Consecutive Growth

Annual New Home Starts up 1.7% QoQ, marking 19 consecutive quarters of growth Ave Maria in Collier County remains the top single-family community by annual starts; Marbella Isles in Collier is a close second and Toll Brothers’ Bonita Lakes in Lee County stands at third. Collier County’s start rate has risen for 28 consecutive quarters, and in 1Q16 annual has now exceeded Lee’s for the first time s …

GREATER SALT LAKE CITY HOUSING 1Q16: Demand Remains Strong, But Prices Continue to Rise & Inventory Is Tightening

1Q16 Quarterly New Home Starts are up 22% over 1Q15; 2015 Annual New Home Starts are up 26% YoY Demand remains high but the affordability crunch continues: new home starts above $300K have increased 32% The lack of vacant developed lot deliveries continues to be a concern for the Greater Salt Lake market: VDL inventory is down for SFD, TH and condos, and nearly 60% of the 8,128 new lots delivered …

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- …

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