Jun 26, 2018
Some focused, local info in this month’s report. Local MLS market data shows 1265 For Sale Properties in May 2018. That amounts to 2.6 Months of Inventory across the price spectrum. 491 homes sold in May. Average Sold Price was $186,000, with a Median Sales Price of...
May 11, 2018
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...
Apr 19, 2018
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...
Apr 13, 2018
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...
Feb 12, 2018
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...
Jan 23, 2018
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...
