Building Market Intelligence

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Happy Thanksgiving

  “The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies.” –President Abraham Lincoln, Nov. 28, 1863 (A Proclamation of Thanksgiving excerpt) As 2014 draws to a close, we can …

Rental Demand: Think Young And Old

Apartment developers and operators should not ignore the quickly growing demographic of aging Americans. In the near future, when designing new apartment complexes, developers will most likely have to make a choice of which demographic to target: young or old. …

Housing Market Getting a Bit Spooky

Happy Halloween. 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 …

Delayed Marriage Equals Delayed Homeownership

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 …

Public Builders Gaining Ground

As a result of historically low borrowing costs and relaxed regulations on smaller companies going public (thanks to the JOBS Act), publicly traded home builders have been gaining market share. Halfway through 2014, public builders have 35.5% market share, up …

55+ Buyer Survey Results

Here is a partial summary of the webinar we just did on 55+ buyers. More than 100 people followed up by requesting copies of the presentation. 55+ households are: 52% of current homeowners 43% of current households 26% of all …

Finally Intrinsic Value for Homes

Have you ever asked yourself, “Are home prices over- or undervalued today?” If so, you have been comparing current prices to prices over the long-term trend, which is known as intrinsic value. Many of the best investors in the world …

Builder Money Flows into Nashville

Nashville may be the country music capital, but its housing fundamentals rock: Resale sales have risen 16% over the past twelve months. Home prices are up nearly 9% over the same period. Job growth has averaged 3.0% in the past …

The Truth about Mortgage Underwriting

The world is awash in inaccurate sound bites related to mortgage credit. We spoke with numerous industry executives and identified three truths that need to be clarified: Low income buyers actually have it easy. Buyers with poor credit and low …

Land is the Riskiest of Asset Classes

Land buying can make or break a home builder or developer. Land can be so illiquid that the CEO of Toll has a plaque in his office reminding him that: “You can buy more land in an afternoon than you …