Regional Housing Market Intelligence

Competition Mounting as Community Counts Up 6%

Strong housing markets attract competition. Home builder competition in the 33 largest markets in the country has increased 6% over the last year to 8,336 new home communities. These communities represent about 40% of US new home sales. The increases …

Midwest Income Growth by Market

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Mid-Atlantic Home Builder Report on Summer Challenges

It appears that summer doldrums fell upon 68 residential home building executives, developers, and private equity investors who responded to our quarterly Sentiment Survey in the second quarter of 2016. Survey respondents, dominated by industry experts from Virginia and Maryland, …

A Cloudy Start to 2016 in Southwest Florida

Southwest Florida had a banner year in 2015 for new home sales, with Naples recording an 18.4% increase in volume YOY and Fort Myers notching a 10.1% increase. Builders in Florida’s retirement housing hot spots count on the early months …

Houston Housing Market Slowdown

Despite greater diversification of the Houston economy over the last decade, it is still highly dependent on the energy sector. The concentration of energy jobs in Houston is 6.6 times higher than the national average. Even with a recent rebound, oil …

Phoenix Housing Market Recovery Well Underway

After experiencing a disappointing 2014, the Phoenix new home market steadily improved throughout 2015—and the positive momentum has carried into this year. Buyer demand increased sharply over the past year and a half, with builders experiencing rising net sales per …

1Q 2016 Sentiment Survey

Beginning its third year of gauging housing sector sentiment in the Mid-Atlantic region, JBREC received 61 responses from residential home building executives, developers, and private equity investors to its most recent Sentiment Survey. Respondents from Virginia Beach to Vermont shared …

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 …