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...
Why The Time May Be Right For New Home Construction To Accelerate
Topics: Housing New Home Buying housing starts
Interview On Nightly Business Report: Discussing Surge In Potential Housing Supply
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.
What Will It Take To Reduce The Housing Supply Deficit?
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...
Topics: Housing housing starts Homeownership
Will Homebuilders Deliver The Gift Of More Housing Supply This Year?
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...
Topics: Housing housing starts Homeownership
Can Homebuilders Increase Productivity To Help Close Gap Between Housing Supply And Demand?
Yesterday’s Census Bureau report for October indicated that we are falling short of adding homes to the market in the short-term, as completions decreased 6.5 percent compared with October of last year.
Topics: Housing housing starts Homeownership
What Recent Hurricanes Mean For Future Housing Supply?
Wednesday’s Census Bureau report on new residential construction data for September sends a mixed message to the housing market. Current home buyers received a lift as completions jumped 7.0 percent compared to September of last year, which is additional new net supply added to the housing stock. The continued year-over-year growth in...
Topics: Housing housing starts Homeownership