Building Market Intelligence

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Surging Demand for Homes with RV Parking

The RV industry is on pace for record RV shipments this year. The Recreational Vehicle Industry Association (RVIA) estimates that over 400,000 RVs1 will be shipped in 2016. About 9 million RVs are now on the road in the US, and …

Midwest Income Growth by Market

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New Home Sales Volume Still Slow Despite Strong Fundamentals

Over the last 22 consecutive months, we have characterized the new home markets in three mid-Atlantic MSAs (Baltimore, MD; Philadelphia, PA; and Richmond, VA) as Cold, even though each posted the highest annual employment growth in July since (at least) …

The Sharers: We Are Tired of “Sharing” Our Parents’ Spare Bedroom!

I am a Sharer. At JBREC, we use the term Sharer to mean someone who was born in the 1980s and who is currently 26–35 today. There are 44 million of us in the US, and I have outlined our defining characteristics below: …

Homeowners Remodeling Rather than Moving

Homeowners are remodeling rather than moving. We know this because “big-ticket” remodeling revenue is surging, while homes for sale as a percentage of occupied households has hit an all-time low. Home builders and resale agents voice frustrations, while remodeling contractors …

Starter Home Solutions in Expensive Markets

High land prices in good locations generally force builders to build expensive homes. However, a number of builders have figured out how to build and sell entry-level homes to a growing demographic group. Builders are capitalizing on the rising number …

Mid-Atlantic Home Builder Report on Summer Challenges

It appears that summer doldrums fell upon 68 residential home building executives, developers, and private equity investors who responded to our quarterly Sentiment Survey in the second quarter of 2016. Survey respondents, dominated by industry experts from Virginia and Maryland, …

A Cloudy Start to 2016 in Southwest Florida

Southwest Florida had a banner year in 2015 for new home sales, with Naples recording an 18.4% increase in volume YOY and Fort Myers notching a 10.1% increase. Builders in Florida’s retirement housing hot spots count on the early months …

Santa’s Not the Only One Hanging Out on the Roof

Stylish new roof deck designs are wowing buyers and adding tens of thousands of dollars in revenues per house for new home builders. Across the nation in such diverse markets as the Pacific Northwest, Southern California, the Southwest, Texas, and …

1Q 2016 Sentiment Survey

Beginning its third year of gauging housing sector sentiment in the Mid-Atlantic region, JBREC received 61 responses from residential home building executives, developers, and private equity investors to its most recent Sentiment Survey. Respondents from Virginia Beach to Vermont shared …