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 impact ... Read More ›

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. Read More ›

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 ... Read More ›

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 ago. ... Read More ›

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. Read More ›

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 completions ... Read More ›