Economic Center Blog
Welcome to the First American Economic Center Blog, a top source for the latest housing market research and analysis driven by Chief Economist Mark Fleming.

What Do The Top 10 Cities For Entry-Level New Home Construction Have In Common?

By Odeta Kushi on November 22, 2019

The dominant theme in the housing market nationally in 2019 has been the ongoing challenge of a dearth of housing supply amid rising demand. A natural solution to the challenge is to build more homes. Yet, nationally, supply headwinds still make it hard for builders to ramp up new construction, especially at the entry-level, where first-time...

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Topics: Millennials First-Time Homebuyer Wage Growth

Why Renter House-Buying Power Is The Key To Understanding Housing Affordability

By Mark Fleming on August 6, 2018

With unadjusted house prices recently eclipsing their 2006 housing boom peak, housing affordability is a concern in the industry and for potential home buyers. Existing home owners, by definition, can afford one so, when we are speaking about housing affordability, it is really a conversation about first-time home buyers.

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Topics: Housing First-Time Homebuyer Affordability Homeownership