National Outlook

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 …

New Home Sales Rise 14.5% in 2015, Metrostudy Predicts Continued Growth in Spring

“If the roots are not severed … There will be growth in the spring.” — Chance the gardener, from the movie “Being There.” The federal government released its data on December new home sales, and showed a nice increase of 10.8% compared with November. For the entire year, sales were up 14.5% versus 2014. As we consider these home sales data, it is worth taking a look at the results in markets arou …

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Local View

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 …

Charlotte Housing Market 4Q15: Despite Lot Shortages, Charlotte New Home Market Growth Continues

4Q15 New Home Starts are up 19.6% from 4Q14; Annual New Home Starts are up 13.4% YoY While total inventory was up 16.5% from 4Q14, overall inventory of developed lots continued to decline – down 11.3% YoY – as the current pace of starts has been faster than the pace of lot development. The Townhome market continued to grow: annual starts up 47% and closings up 39% YoY, and townhome lot deliveries …

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