National Outlook

WHO’S UP TO BATT?

As builders who lean in on even-flow spec manage for cost and labor constraints, stresses on quality installation and assembly intensify. By John McManus Spring selling and spring training go together as an exciting time, as renewed expectations run high in both arenas. Even as new communities open and sales pace starts strong, reminders help keep us grounded in the real world. The goal to be a fi …

Recap: Metrostudy 1Q17 Housing Webcast

On February 15th Metrostudy’s Chief Housing Economist, Mark Boud, presented his housing webcast to a virtual room of nearly 1,200 registrants. The following three Regional Directors from  FL and NC joined Mark in a round table lightning session to also present the trends and outlook for their southeastern local markets: Tony Polito (Tampa/Sarasota FL), Anthony Crocco (Jacksonville, Orlando, and Ce …

Affordable Housing: Something’s Gotta Give

In many parts of the country, entry-level affordable housing is more an oxymoron than reality. Homebuilders — and their buyers — continue to be frustrated by the same challenges: limited close-in lot supply, high lot prices, and tons of fees tacked on by municipalities. According to Metrostudy’s 2016 home sales data, entry-level new home sales represented 16 percent of all new homes sold, and 1 pe …

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Local View

SALT LAKE CITY HOUSING 4Q16: 2016 Finishes Strong – the Key in 2017 will be Delivering Affordable Product

Annual New Home Starts are up 15% over 2015 – and if not for the severe labor shortage production would have been even higher The ability to deliver a new home under $200,000 in the Greater Salt Lake market is diminishing quickly. New home starts in this segment have decreased 17% compared to last year, while the majority of this activity is for attached product. Affordability is a key concern as …

ORLANDO HOUSING 4Q16: 2016 Ends Strong – Pricing Gap Closing Between New Home Market & Resales

4Q16 Quarterly New Home Starts Up 25% YoY & Quarterly Closings Up 20.4% YoY. One good sign for the market: finished vacant inventory has seen little to no increases in 2-plus years, while construction activity has increased by 40%. Starts continued to increase at the higher price ranges – $300K to $350K starts up 36.9% YoY – as new construction in the $199K and below ranges continue to decline …

TRIAD HOUSING 4Q16: 2016 Ends With Strong Growth In Starts; Under Construction Inventory Shows Growing Builder Confidence

4Q16 Annual New Home Starts Up 13% & Annual Closings Up 8.1% YoY; Quarterly Starts Up 30.3% & Quarterly Closings Up 5.6% YoY. Inventory of homes under construction was up 27,4% YoY; the uptick in relative supply from last year is an indication of growing builder confidence. Vacant developed lot inventory declined 8.4% from prior year levels; VDL inventories are expected to continue to decl …

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