Last month I mentioned the spread between new-home and existing-home inventory. In keeping with that theme, we are starting to see real evidence of producer-inputs becoming more expensive – see here for charts on lumber, concrete, and steel. These costs are a...

I’ve been waffling a bit on what to highlight in this month’s report. I’ve decided not to decide. So here are four items that caught my eye this month. First, this story and map, show the localization of undersupply of housing in the US market. Generally, the coasts...

February is a short month. Let’s keep this post short. It’s interesting to note the effect that demographics has on growth. Last month, I pointed to some local information in that regard. This month, let me direct you to this interesting post on national trends and...

I want to point out some divergent information out there – between the national trends and some local observers. Nationally, we continue to see an undersupply of housing. Look at the charts at the top of the WSJ Daily Shot for January 31 and let the following...

Year-end 2017 brought 123 transactions in our survey of transactions related to parties we generally associate with lot and new-home development. See the attached data. Not a bad end to the year. Looking at the existing-home market, our data suggest continuing tight...

It’s the time of year when we look back at where we are, and look forward to next year. Our usual look back at the multi-parcel transactions in November shows us 114 transactions involving a party generally associated with new-home development. See the attached data....

A recent report from the National Association of Realtors highlights a national trend. The overall inventory of homes for sale, based on a months-of-inventory metric, trends low – indicating a seller’s market. Said the other way, buyers have a low inventory of...

Looking at the number of local transactions involving sellers with more than one deal in September, we find 140 transactions (some involving multiple parcels) associated with firms we typically associate with single-family development. See attached. This indicates a...

Let’s look at our usual metric of number of transactions for sellers normally associated with new construction (i.e. builders and lot developers) for August 2017. We find 141 transactions in August, which is consistent with expectations for completions of early-year...

Looking at grantors transferring more than two parcel during July 2017, grantors that we generally associate with new construction accounted for 131 transfers. This beats the per-month average in 2017 Q2. We note that many of the transfers were multi-lot, meaning that...