Dec 19, 2023
Three quick thoughts for November based on the Mover’s Moving Index. First, I don’t count existing home portfolio/investor transactions in the Index. Rather, I look at builder and developer activity as a harbinger of overall activity. Thus, the Index does not reflect,...
Nov 20, 2023
“It’s slow out there. This is a natural consequence of our economic times, and it draws a sharp eye to the role finance plays in our industry. I attended an event in October full of industry folks from around the country. The prevailing sentiment was that we will see...
Oct 23, 2023
“McBride says it best, “This was the twenty-fifth consecutive month with sales down year-over-year. This was a new cycle low, below the 4.00 million SAAR in January 2023.” “Our Mover’s Moving Index sat at 160 for September. Unrelated (?), we recorded 25 Sheriff’s...
Sep 19, 2023
Late summer means . . . single family completions! Our Mover’s Moving Index hit 214 last month, half of which was three local volume builders finishing and selling homes in August.
Aug 18, 2023
Inventory remains very tight, which, when combined with high mortgage rates, keeps prices from falling much. Our Mover’s Moving Index hit 194 in July. That’s a pretty mediocre number for mid-summer.
Jul 31, 2023
Summertime. It’s hot out. I’ll be brief. Our Mover’s Moving Index posted a decent 215 in June. But get this, 48% of that was three volume builders. The other 52% was spread among 30 parties.
