Housing Dimensions Blog
by Alex Martinez
Gorging on Candy
The 2012 and 2013 housing market was like a kid gorging herself after a fruitful night of trick-or-treating. Economic conditions were set for a solid recovery, and the market seized the opportunity. We experienced excellent home price appreciation and strong sales rates as a result.
Coming Down from the Sugar Rush
Fast forward to the present, or the comedown after the sugar rush if you will. Housing fundamentals in most markets are slightly softer. Investor demand has slowed, construction volumes have increased, and affordability has waned. Price appreciation has let up on the gas pedal, and new home community sales rates are now lower than a year ago in most markets.
by Mollie Carmichael
The share of 25–29 year-olds who are married is down by almost 48% for men and 43% for women from 1970. This single fact is one of the biggest game changers in the housing industry.
Source: U.S. Census Bureau: 1970 Decennial Census and 2013 American Community Survey; calculations by John Burns Real Estate Consulting, LLC