Dodge: Single-Family Housing Growth on Tap in 2018
Single-Family housing should see steady growth in 2018, while multifamily construction will continue to settle back, according to Dodge Data & Analytics’ new 2018 Outlook Report.
NAR Forecasts Existing Home Sales To Rise To Post-Crisis High in 2018
Next year could see an increase in existing home sales due to an improving economy, job growth and rising confidence that now is a good time to buy a home, however it will be limited by continued supply shortages, according to the latest forecast from the National Association of Realtors.
Does Affordable, Entry-Level Housing Still Exist?
Yesterday’s starter homes in desirable locations are becoming today’s executive housing stock as mobility slows and renovation expenditures soar.
LMI indicates Continued Improvement Across The Country In The Third Quarter
House prices continue to be a key driver of the LMI results. Of the 337 markets tracked by the LMI, house prices in 332 areas have normalized or are above 1.0. Meanwhile, in 118 markets employment conditions have normalized, while in 70 markets, single-family permits have normalized.
Custom Home Market Sees Growth
The custom home building market continues to expand, despite a growing industry focus on entry-level homes. Demand for custom homes—both owner- and contractor-built not-for-sale homes—has been solid in recent years due to home price gains that have boosted homeowner wealth. However, this market is expected to grow more slowly than the rest of the single-family building sector.
Read more at BUILDER
Remodeling’s Stronghold on Residential Market Continues Due to Housing Shortages
Zillow: Home Values Up 6.9% in September
Home values are 6.9% higher than a year ago, with the median U.S. home now worth $202,700, according to the September Zillow® Real Estate Market Report
Read more at BUILDER
Remodeling’s Stronghold on Residential Market Continues Due to Housing Shortages
The national housing market is significantly under supplied, and shortages are expected to become more severe through 2020. Low supply of housing will support a continued surge in the remodeling/renovation market.
Read More at Construction Wire
September Existing Sales Slightly Up
September existing sales increased slightly by 0.7% for the first time in four months, but the first-time buyer share decreased to 29% of sales, the lowest share since September 2015.
Texas Cities dominate hottest housing markets in Fall 2017
Three cities in Texas took the top three spots in the list of the hottest markets in Fall 2017. These same three cities in Texas also finished in the top five hottest markets in the Summer 2017 report. Read More
Everything You Need to Know About Hurricane Irma’s Impact on the Florida Housing Market
Last month Hurricane Irma left a path of wreckage and destruction across the Caribbean and parts of Florida. As the road to recovery and rebuilding begins, Metrostudy’s Chief Economist and our Florida Regional Directors weigh in on what they think this storm will do to the future of the Florida Housing Market.
Read more at METROSTUDY
