Dec 17, 2019
I struggled with an approach to this month’s blog. Economic news is getting swallowed up by politics, and that is not likely to abate with the election season coming on. So I was happy to have home builders come to the rescue! Cutting through the noise, the National...
Nov 20, 2019
In one signal, the national housing market showed a continued trend of moderate YoY improvement. See this article noting a 3.2% increase in the Case-Schiller National Home Price Index; a similar increase to the prior month numbers. But note the gathering clouds? Black...
Oct 15, 2019
Apologies for the tardiness of the August report. We’ve been doing some under-the-hood work. To make it up to you, I’m including Movers Moving Indexes for August AND September. Looking to Year-Over-Year MLS data for Lubbock, in September 2019 we saw a 17.7% decrease...
Aug 15, 2019
I’ve written about how this housing expansion feels different from past expansions. I read a post today that might explain that feeling. While I’ve pointed at the interplay of input costs and labor, the post’s charts, and the corresponding analysis, posit that there...
Jul 16, 2019
People like fast reads in the summer, so I’ll keep it short. Local MLS data through the end of July 2019 showed supply constraint on Existing Home sales. Months-of-Inventory sat at 2.5, with total listings pegged at 1170. Compared YoY, that is over 200 fewer listings,...
Jun 19, 2019
May gives us mixed signals. We know that nationally, home builders are viewing the moment with confidence. We know from local MLS data that we are climbing the seasonal wave towards our usual Summer peak. But we also know that YoY May gave us a decrease of 2.7% in...
