Building Market Intelligence

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High-Income Job Growth to Determine New Home Demand

Housing affordability has become a big problem in many major metros in the country. In fact, many middle-class buyers can no longer afford a new home. Consider the following: Price/income. Home price to median income ratios exceed the historical average …

4Q 2015 Sentiment Survey

In early January, 38 residential home building executives in the Mid-Atlantic and 6 from across the country shared their thoughts on the state of their local markets based on 2015 year-end sales performance. The responses, dominated by builders from Maryland …

Happy New Year: Foreign Buyer Trends You Should Know Celebrating the Year of the Red Fire Monkey

January 27 marks the beginning of the Chinese New Year season that ends on February 22. Since sales will slow while buyers focus on special events and reconnect with loved ones, we thought we should give some sales and design …

Job Growth Strengthens, but Government Spending Remains Flat

Did DC end 2015 naughty or nice? Jobs, jobs, jobs. After a sluggish employment market in 2014, the Washington, DC, region gained jobs at a robust pace in 2015. Despite flat levels of federal spending, the region added 61,900 jobs …

Multigenerational Households on the Rise

“We are family.” – Bernard Edwards and Nile Rodgers According to The 2014 American Community Survey, 16.5 million households have two adjacent adult generations living together, which accounts for 14% of all US households, and another 4.6 million households have …

Big Variety in the 6 Southern California Markets

Our outlook for this year varies dramatically by market and price point. At a high level, there are three major markets on the upswing, one is holding its own, and two are showing signs of slowing. Markets on the Upswing: …

The Midwest Price Gap: Existing Home Median Price vs. New Home Median Price

As we tour housing markets across the Midwest, the topic at the forefront of discussion is the price gap between new homes and existing homes. This gap has widened in every major market across the Midwest since the beginning of …

2015 Mid-Atlantic Sales Disappoint

In early November, 10 residential homebuilding executives in the mid-Atlantic area shared their thoughts on the state of their local markets based on sales performance in the third quarter. Albeit a small sample, the responses provide some insight into the …

Loan Limits Stifling New Home Sales in California and Arizona

The pool of qualified new home buyers appears to be running thin in California. The median new home price now: far exceeds the current GSE and FHA loan limits in Orange County, San Jose, the San Francisco East Bay, and …

Chicago: Lessons from the Most Beat-Up Market in the Country

For years, our thesis has been that the national downturn and recovery (in blue below) will play out similarly to the mid-1980s downturn in Houston (in orange below) and the early-1990s downturn in Southern California (in green below) because both …