National Outlook

Key Performance Indicators: Today and Tomorrow

John McManus / Builder / September 26, 2016 Budgets for 2017 come together for many home building, residential development, design, distribution, manufacturing, and investment organizations during the next few weeks. External forces, including some pretty tough-to-predict local economic factors that tie to global oil and other macro issues–not to mention the growing noise of a highly-polarized pr …

NEW HOME SALES COOL 7.6% FROM TORRID JULY PACE

August posts biggest drop since Sept. ’15; still, year-over-year gains are impressive; weather in east could be a factor. By Hanley Wood Data Studio The numbers are in: Sales of new single-family houses in August 2016 came in at a seasonally adjusted annual rate of 609,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. …

Constructive Demand, Shaky Supply

Call it “good news Friday,” for a mid-September splash of brighter hues on the demand side of housing’s still-healing supply-and-demand equation. What’s good about it? For starters, what’s negative is less so. Here’s CoreLogic’s latest look at the portion of the nation’s 50 million homes with mortgage loans that are “under water,” or in negative equity. Homes with negative equity stood at 3.6 mill …

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Local View

Orlando Housing 2Q16: Starts Continue Strong Growth Trend; Price Increases Slow As Builders Focus On Inventory for Year End

2Q16 Quarterly New Home Starts Up 19.9% YoY & Quarterly Closings Up 25.5% YoY. Housing inventory increased by 25.5% YoY as starts outpaced closings. Pricing is pushing first time buyers further out of the Orlando core into adjoining counties or into smaller products, but base price increases are slowing and builders are offering more concessions to incentivize sales Metrostudy’s 2Q16 survey of …

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 …

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