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.

Why The Time May Be Right For New Home Construction To Accelerate

By Odeta Kushi on November 8, 2019

Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and rising household income sparked a nearly 12.6 percent increase in house-buying power year to date through September. The...

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Topics: Housing New Home Buying housing starts

Interview On Nightly Business Report: Discussing Surge In Potential Housing Supply

By FirstAm Editor on September 24, 2019

First American Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week and discussed the dramatic jump in housing starts to a 12-year high, signaling the potential for some housing supply relief in the near future.

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Topics: Housing In The News Interest Rates housing starts

Where Do Renters Have An Edge In The Pursuit Of Homeownership?

By Odeta Kushi on September 5, 2019

Traditional measures of affordability can be misleading to potential first-time home buyers because they compare overall median household income with the income required to purchase a median-priced home. However, median household income includes existing homeowner households, which have significantly higher median income than renter households,...

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Topics: Housing Affordability Homeownership First-Time Home Buyer Outlook Report

Interviews On CNBC And Nightly Business Report: Discussing The Refinance Boom And Tailwinds Boosting The Housing Market

By FirstAm Editor on September 3, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC and Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week, where they discussed the refinance boom driven by low mortgage rates and the tailwinds boosting the housing market.

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Topics: Housing In The News Interest Rates Federal Reserve Affordability

Interviews On CNBC And Bloomberg TV: Discussing The Impact Of Historically Low Rates And The Outlook For The Housing Market And The Economy

By FirstAm Editor on August 23, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC and Deputy Chief Economist Odeta Kushi on Bloomberg TV earlier this week and discussed the impact of historically low rates on the housing market, and what the Fed minutes indicate about the direction of rate policy and the economy.

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Topics: Housing In The News Interest Rates Federal Reserve Affordability

Interview On Nightly Business Report: Discussing Record-setting Economic Expansion And The Health Of The Housing Market

By FirstAm Editor on July 9, 2019

First American Deputy Chief Economist Odeta Kushi was interviewed on Nightly Business Report last week and discussed the record-setting economic expansion and the health of the housing market in 2019.

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Topics: Housing In The News Interest Rates