National Outlook

What’s Forseeable Ain’t Bad

Here, we tap into the insight well of Metrostudy/Real Estate Economics’ Mark Boud on how jobs and housing correlate, revealing a foundation of strong demand. Suddenly, counting the number of times “housing” appears in a speech or in a candidate’s political platform statement has begun to serve as validation that this or that person in office or running for it cares or doesn’t care about housing. A …

Winners and Losers: The New Housing Trends By Market

It’s remarkable how a housing market that was the epitome of distress can come back to life with a vengeance, and also how a market that is runnin’ and gunnin’ one year, can run out of gas the next. The latest study of housing markets nationwide by Metrostudy shows that markets can be divided with descriptors such as “winners” and “losers,” and some of these have switched places in the last 12 mon …

First time buyers are coming back! (Gradually…)

One of the most perplexing aspects to the new housing market is the outlook for entry-level new home demand.  Most builders have given up on serving the entry-level niche because it is so difficult to build profitably in a price range that is attainable for people who are in the middle class (or even upper-middle).  The unanswered question is:  will  this segment ever come back, and if so, to what …

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Local View

Triad 4Q15: New Home Starts Up in 2015 – Inventory at Lowest Level in 8 Years

2015 New Home Starts in the Triad were up 13% over 2014 Townhome construction over 2015 is down 5.1% over 2014 levels Inventory is at the lowest level that Metrostudy has observed in the Triad in the past 8 years FEBRUARY 2016 – Metrostudy’s 4Q15 survey of North Carolina’s Triad region shows that Annual Starts of 2,676 were observed in the Triad in 4Q15, up 13% from 4Q14. Annual Closings of 2,609 …

St. George / Mesquite 4Q15: A Stable Market – Fundamentals Remain Strong for 2016

New Home Starts in 4Q15 were up 34% over 4Q14; 2015 Annual Starts were up 7% over 2014 totals As the demand for second home and move-up buyers remains strong, along with rising land and construction costs, prices in the St. George market have stayed relatively steady Finished vacant inventory remains tight in all price segments, particularly those from $200,000 to $300,000. This segment has experi …

Raleigh-Durham Housing 4Q15: Triangle New Home Market Demand Is Strongest In Years

4Q15 Strongest Quarterly Closings since 3Q08 – up 23% YoY; New Home Starts up 16.6% from 4Q14. Homes priced between $200K-$350K continued to lead the market in production growth and now represent 55% of the total market; inventory continues to shrink in the $150K-$199K price range, leaving buyers with fewer lower-priced new home options. The Townhome market strengthened: quarterly starts up 37% an …

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