The coronavirus pandemic continues to take hold of the domestic and global economy. The housing market, although in a better position than it was at the onset of the last recession, will not be immune to the impact. Weekly unemployment claims have soared to record highs, which has already contributed to declining consumer confidence.
Read More ›
The housing market started the year off strong, with the market potential for existing-home sales reaching its highest level since January 2018, according to our Potential Home Sales Model. Housing market potential increased 1.4 percent in January 2020 relative to the previous month, and grew 4.7 percent year over year, an increase of 240,050 ...
Read More ›
The final month of 2019 saw actual existing-home sales exceed housing market potential by 1.2 percent, or an estimated 64,830 seasonally adjusted annualized sales. According to our Potential Home Sales Model, housing market potential increased 1.7 percent in December 2019 relative to the previous month, and grew 2.6 percent year over year, an ...
Read More ›
In November 2019, the housing market outperformed its potential, as actual existing-home sales exceeded market potential by 2.8 percent, or an estimated 146,340 seasonally adjusted annualized sales. Housing market potential increased 1.4 percent relative to last month and 3.9 percent compared with November of last year, an increase of 196,480 ...
Read More ›
In October 2019, the housing market exceeded its potential, as actual existing-home sales exceeded market potential by 4.6 percent, or an estimated 239,000 seasonally adjusted annualized sales. Housing market potential decreased relative to last month, but increased 0.6 percent compared with October of last year.
Read More ›
In September 2019, the housing market performed to its potential, as actual existing-home sales were a marginal 0.04 percent, or an estimated 2,340 seasonally adjusted annualized sales, below market potential. Housing market potential decreased relative to last month, but increased 3.8 percent compared with September of last year. Indeed, in ...
Read More ›