National Housing Market Intelligence

Here you will find all of our articles with topics that cover the national housing market.

Labor Force Shortage Ahead

A surge in retirees (people turning 65) will slow the growth of workers in the US. In 2000, 2 million people turned 65; 3.5 million did in 2016; and 4.0 million will in 2021. Even with a higher than usual rate of retiree-aged …

Local Governments Dictate Housing Growth

New home construction has been growing slowly and unevenly across the country, partially due to increasing difficulty getting projects approved and financially viable. CNBC just did a 3-minute feature on what I consider to be the poster child for difficult …

Finished Lot Values Well above Their Long-Term Intrinsic Value

In 2013, finished lot values (shown in navy blue below) spiked back to mid-2005 values. Since then they have climbed modestly. Today’s low mortgage rates support the high lot values, but lots are 26% overpriced if rates were to rise back to …

Homeownership No Longer Has Tax Savings

We believe we have found one of the primary reasons why entry-level home buying has not recovered—and why homeownership has been plunging. For decades, homeowners benefitted from both the financial and psychological benefits of paying less taxes. Homeownership came with income …

Extraordinary Development and Compliance Costs Stifle New Home Construction

Click here to enlarge image New regulations to protect the environment and to shore up local city finances have made it extremely difficult for home builders to build affordable homes. Now, more than ever, the demand for affordable entry-level housing …

Annual Housing Bubble Check-In

In 2013, fresh off the biggest housing downturn in their lifetimes, 73 housing industry executives compiled the Top 10 Signs of a Housing Market Bubble. We mailed each a poster for their walls, and we mark our poster when we …

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 …

Americans Are Leaving Big Cities for More Affordable Cities in the South and Northwest

U-Haul moving truck price disparities usually indicate domestic migration trends long before official migration does. In light of that, we compared the costs of renting a truck each direction to and from 16 cities and learned that: People are leaving …

88% Difference in Price Appreciation Explained by Supply and Demand

Consider these trends: Frothy markets: In 9 markets, home prices have risen faster than can be explained by falling mortgage rates and rising incomes. Beat-up markets: In 2 markets, income growth has outstripped home price appreciation despite receiving a 44% …

Women and the Future of Housing Decisions

As I head to Urban Land Institute’s Fall Meeting today, ready to present at four councils tomorrow, I ponder the rise of women in the working world. The ULI Councils, which are some of the most prestigious real estate industry …