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Economic Center Blog

How Hurricane Florence May Impact The Housing Market

By Mark Fleming on September 20, 2018

Yesterday’s Census Bureau report for August is an indication of strength for the housing market. While the number of permits issued, which can signal how much construction is in the pipeline, decreased by 5.5 percent, home building rose in August as housing starts increased 9.4 percent compared with a year ago. The growth in housing starts is welcomed news after two consecutive monthly declines.

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Topics: housing starts, Housing, homeownership, Insider

Interviews On CNBC: Discussing Rising Mortgage Rates, House Price Appreciation, Millennial Demand And Lack Of New Home Construction

By FirstAm Editor on August 24, 2018

First American Chief Economist Mark Fleming was interviewed on CNBC earlier today as well as last Friday, August 17 and discussed how rising mortgage rates, house price appreciation, millennial demand and a lack of new homes may be squeezing affordability.

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Topics: housing starts, In The News, Interest Rates, Millennials, New Home Buying, Affordability

Did July Housing Starts Signal More Housing Supply For Home Buyers?

By Mark Fleming on August 17, 2018

The short answer is yes. Home buyers looking for more housing supply to choose from can take heart, as Thursday’s Census Bureau report on housing construction showed builders are starting work on additional housing, inching closer to balancing inventory with demand.

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Topics: Housing, homeownership, housing starts, Insider

Are Home Builders Closing The Gap Between Housing Supply And Demand?

By Mark Fleming on July 19, 2018

Yesterday’s Census Bureau report on housing construction bodes well for home buyers, as the pace of housing completions increased 2.2 percent over last year. The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.

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Topics: Housing, Homeownership Progress Index, housing starts, Insider