National Housing Market Intelligence

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

The Early Stages of a Downward Spiral

The U.S. economy is in the early stages of a downward spiral that is going to take significant government intervention to avoid double-digit unemployment rates, as occurred in the early 1980s. The stock market has certainly opined on how tough …

The Times They Are A-Changin’

It’s Official: A Democratic Sweep… Now What? Although the parties in office play only a small role in the performance of housing, we are often asked about the historical impact of the party in office. We analyzed the last 50 …

Bad Moon Rising?

What Can We Expect from Congress? Legislation is impactful to the cyclical nature of this business. And today, there are critical issues on the horizon that will affect the next leg of this cycle. Here is our take on the …

Running With the Devil

Inside the Bailout: What We Get vs. What We Need The Emergency Economic Stabilization Act of 2008 (EESA), signed into law on Friday, was adorned with billions of dollars in earmarks. Still, it seems there was little room for home …

Distress Breeds Opportunity

As market conditions continue to soften, even the builders who have already filed bankruptcy are licking their chops – anticipating what will certainly become the land buying opportunity of this generation. In preparation, they’re lining up new equity partners and …

The National Bank of the United States

The U.S. government now controls the U.S. mortgage industry, which means two very favorable things for home builders: The near-term future of mortgage liquidity will be set by policy rather than economics. In an election year, that can only be …

National Affordability Statistics Are Misleading

In recent weeks, we were in several meetings where analysts made the bullish argument that affordability had improved to the point where home prices could fall no further. While affordability has indeed returned to normal levels (as shown by the …

Patience Is a Virtue, But It Isn’t Exciting

Whoever coined the phrase “patience is a virtue” could not possibly have had the current housing bust in mind. Billions of dollars have been raised by very impatient investors who want to buy real estate at a discount. However, most …

Gas Prices Shift Demand Back to the Urban Core

We believe that there is going to be a tremendous shift back to urban areas, led by those who bought homes in the outlying areas who lose their home to foreclosure. They will choose to rent near work to save …

Listings Are No Longer Rising

In the markets that matter, listings are now running relatively flat year over year. Each month, we painstakingly compile listings in the major markets of the country. As shown in the green and dotted line in the chart below, listings …