Building Market Intelligence

Sign up for our free industry newsletters, known as Building Market Intelligience™, by filling out the form to the right.

Suburbs Experienced Higher Density Development in 2015

Multifamily development activity surged during 2015 in DC’s suburban counties, while single-family development (including townhomes and detached homes) cooled in the core market areas. Along with continued multifamily activity in the most densely populated counties, we saw significant increases in …

Why the Inland Empire New Home Market Lost Its Momentum

New home sales rebounded in the Inland Empire in 2012 and 2013, only to fizzle in 2014 and into mid-2015. What happened? After massive job losses during the late-2000s downturn, positive job growth resumed in the Inland Empire in 2011. …

Will Boomer Homeownership Fall?

We believe it will. Seven of us attended the National Multifamily Housing Conference, one of the most informative conferences of the year. Landlord after landlord mentioned the surprising surge in older renters, many of whom sold their home and chose to …

What You Need to Know about Fauquier County Land Deals

Knowing your target market when making land deals is key. According to the American Community Survey (2006–2010), movers aged 20 to 34 (typically first-time home buyers) dominated the pool of people moving to Fauquier County (56%). Movers aged 35 to …

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 …

Census Revises Remodeling Estimates to Match Our Index

Repair and remodeling spending grew 5%+ last year, just as we predicted. On January 4, the Census Bureau announced a significant revision to their residential improvement spending estimates due to a calculation error. Based on our knowledge of the market, …