Year 2015

The share of young adults that live in their parents home continues to rise despite the fact that the job market has improved and household formation is increasing.

To understand more about this trend, the Terner Center for Housing Innovation at UC Berkeley tapped data from the Census Bureau and Pew Research Center to examine headship rate (the number of households divided by the adult population). They broke that data down into three components: adult population growth, shifts in the age distribution, and changes in the headship rate.

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The ZIP codes 02176 (Melrose, Mass.), 43085 (Worthington, Ohio) and 58103 (Fargo, N.D.) have pushed past one of the nation’s most recognizable postal codes — 90210 — and 32,000 others across the U.S. to top realtor.com’s list of 10 Hottest Zip Codes for 2015. ZIP codes making the list are distinguished by healthy housing dynamics, strong local employment and neighborhood “it factors.”

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NAHB Eye on Housing reports the typical size of newly built single-family homes was effectively unchanged from the first to second quarter of 2015, posting small quarterly declines. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower.

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Builder confidence in the market for newly built, single-family homes in August rose one point to a level of 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since November 2005.

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HousingWire is reporting the average fixed mortgage rates are reversing course and nudging higher for the first time in four weeks, according to Freddie Mac.

The 30-year fixed-rate mortgage averaged 3.94% with an average 0.6 point for the week ending August 13, 2015, up from last week when it averaged 3.91%. A year ago at this time, the 30-year FRM averaged 4.12%.

Read More at HousingWire.com

The American housing stock continues to age, especially as residential construction continues its modest rebound after the Great Recession. According to the latest 2013 American Housing Survey (AHS), published by the Department of Housing and Urban Development, the median age of owner-occupied homes is 37 years old, compared to only 27 years old in 1993. This aging trend signals a growing market for remodelers, as older structures normally require additional remodeling and renovations. It also implies additional demand for more new construction over the long run.

Read more at NAHB Eye On Housing

DWM magazine reviews World Windows & Doors, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.

Read More at DWM