Regional Housing Market Intelligence

Oil Spill Impact: Houston is No Detroit

While the fate of deepwater drilling continues to be debated, uncertainty grows about the Houston economy, which has a level of dependence on oil and energy-related industries. Given the fact there is a lot of interest in this discussion (and …

New Riverside Communities Outselling the Old Ones

Several builders have conducted great consumer research (at a minimal cost per house) to help them design floor plans that buyers can’t find anywhere else in the new or resale market. They learned that today’s buyer is much different from …

Boston Poised to Stabilize

Prices in Boston have corrected to 2002 levels, and we expect relatively flat prices this year and slowly rising prices over the next few years. Digging down deeper into the MSA, the low end of the market is stabilizing, while …

DC’s Economy Went South, Despite Government Hiring

While DC’s job losses since the downturn began have paled in comparison to other markets, recent trends are not good. We report this because the industry buzz is that the Washington DC economy is on the mend, but this is …

All Carolinas Are Not Created Equally

We used to refer to the Carolinas in one breath, as if all of the markets behaved similarly. Today, that could not be further from the truth. All of the major housing markets (Charlotte, Raleigh, Wilmington, Myrtle Beach, Charleston and …

Florida’s Construction Industry is on Life Support

Florida’s construction market has virtually shut down. We have been valuing properties throughout the state all year and, while we are seeing some modest improvement in sales velocity, there is virtually no new construction. Year-to-date through May, the state has …

Affordability Sells Homes

An ad is helping one Texas builder called LGI Homes capture 20 to 30 combined sales per week from 3 communities. The people selling homes for this builder know how to speak the language of their buyers. In this case, money …

Florida and California are Night and Day

California’s excess resale supply (homes for sale) is starting to come back in balance, while Florida’s supply is completely out of whack. At 10.2 months of supply, the U.S. still has 42% more inventory than normal, but supply is nearing …

Owning is Less Expensive Than Renting in Phoenix

Phoenix is the most unique market in the country right now. Any renter with a stable job and the desire to become a homeowner and live in Phoenix for a long time should be buying a home right now because …

Tampa: It’s All About the Jobs

Tampa, Fla., was once both a place and state of big builder bliss – the availability of land combined with strong job and population growth fueled a steady rise in permits from 1991 all the way through 2005. Today, that …