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 Will It Take To Reduce The Housing Supply Deficit?

By Mark Fleming on March 6, 2019

Last week, the Census Bureau released its Residential Construction report for December. Housing completions decreased 8.4 percent compared with last December and continued to fall short of the number of new housing units necessary to keep pace with household formation. Housing starts also decreased 10.9 percent in December compared with a year...

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Topics: Housing, Insider, housing starts, homeownership

Interviews On NPR And Forbes.com: Discussing Millennial Homeownership And The 2019 Spring Home Buying Season

By FirstAm Editor on February 6, 2019

First American Deputy Chief Economist Odeta Kushi provided perspective on millennial homeownership in an interview with National Public Radio and Chief Economist Mark Fleming’s expectations for the spring home buying season were featured in a Forbes.com article earlier this month.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Interviews On CNBC And Yahoo! Finance: Discussing The 2019 Mortgage Rate Outlook, Millennials and Student Debt, And Baby Boomers And Limited Housing Supply

By FirstAm Editor on January 18, 2019

First American Chief Economist Mark Fleming was interviewed on both CNBC and Yahoo! Finance earlier this week and discussed the outlook for mortgage rates in 2019, the impact of student debt on millennial first-time home buyers and how baby boomers aging in place is limiting housing supply.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability, Baby Boomers

Blame The Homebodies: Why Are Homeowners Staying In Their Homes So Long?

By Mark Fleming on January 11, 2019

It’s been over six years since house prices hit their trough and the housing market bottomed out. Since then, house prices have recovered nationally and reached historic highs. The price recovery has most recently been driven by a supply shortage. The availability of homes for sale is running near historic lows because single-family housing...

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Topics: Housing, Insider, homeownership, Potential Home Sales

Interview On CNBC: Discussing The 2019 Housing Market Outlook

By FirstAm Editor on January 4, 2019

First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and shared his perspective on today’s housing market and the outlook for 2019.

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Topics: Housing, In The News, Interest Rates, Millennials, Affordability

Will Homebuilders Deliver The Gift Of More Housing Supply This Year?

By Mark Fleming on December 19, 2018

Yesterday, the Census Bureau released its Residential Construction report for November. Housing completions decreased 3.9 percent compared with last November and continue to fall short of the number of new housing units necessary to keep pace with household formation. Housing starts also decreased 3.6 percent in November compared with a year...

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Topics: Housing, Insider, housing starts, homeownership

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