National Outlook

Has the housing price bubble re-emerged? We don’t think so.

The below sums up my feelings with regard to where we are in the current cycle: Based on median single family home sales prices by the National Association of Realtors, the median price of all housing transactions during 2Q 2016 finally eclipsed the previous high mark set in 3Q 2005.  Has the housing price bubble re-emerged?  We don’t think so.  There is compelling evidence that today’s prices rem …

1.18 MILLION HOUSING STARTS PROJECTED IN 2016

Metrostudy forecasts that 813,000 of the projected starts will be for new single-family homes. On Friday morning, Metrostudy released its second quarter 2016 Home Building Outlook, which details housing construction trends nationwide. The Home Building Outlook is the platform for Metrostudy’s national and local forecasts, spotlighting the Top 100 Housing Markets across the United States. The secon …

BUILDER NAHB, AIA, AND ABC CHIEF ECONOMISTS PREDICT ONGOING GROWTH THROUGH 2017

National Association of Home Builders (NAHB) Chief Economist Robert Dietz, Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, and American Institute of Architects (AIA) Chief Economist Kermit Baker delivered a collaborative midyear economic forecast Monday afternoon. The trio provided expert analysis of present and backward-looking economic indicators, and discussed their indi …

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Local View

SAN ANTONIO HOUSING 2Q16: Resale Market Shows Stronger Annual Growth Than New Home Starts

2Q16 annual new home starts increased 5.6% YoY; Annual new home closings up only 0.2% YoY. In 2Q16, 53% of annual new single-family starts were priced above $250K. Over the last twelve months, the market delivered approximately 11,000 new lots and, during 2Q16, 2,650 new lots were versus 2,619 lots absorbed. AUGUST 2016 – Metrostudy’s 2Q16 survey of the San Antonio housing market shows the annual …

SACRAMENTO HOUSING 2Q16: Strong Starts Pace Continues with Annual New Home Starts Up 43% YoY – Affordability Remains a Concern

2Q16 Annual New Home Starts were up 43% YoY & Quarterly Starts increased 31% – 2Q16 marked five consecutive quarters with more than 1,000 starts Start activity has shifted into price ranges above $400K as builders adjust pricing to offset increased construction costs – in 2Q16, the average “offer to build” base price for new homes in the region was $507K, up 9.5% YoY. Metrostudy expects Sacram …

NASHVILLE HOUSING 2Q16: Region Struggling to Meet Growing Demand For New Homes, As Prices Hit Record Highs

2Q16 Quarterly New Home Starts Highest In Over 7 Years; Quarterly Closings Up 38% YoY Affordability may soon become an issue as prices continue to rise; 2Q16’s average new home price of $381.1K exceeds 1Q16 to set new record high. Vacant Developed Lots remain in severe shortage; with annual starts outpacing annual lot delivery, the region cannot keep pace with the growing demand for new homes. AUG …

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