Current Market Data
What issues in the homebuilding process keep builders up at night? Last week, we reported that builder confidence dropped to its lowest point in 12 months in February, with lousy weather and market concerns the main reasons for the
Houston’s inventory woes continue to boost prices, but they are starting to impact home sales in the Bayou City. With record-low inventory in Houston pushing down home sales in January, homebuyers ended up paying more for the homes that
The Census Bureau’s latest new construction report is not pretty, but as with all housing matters nowadays, there’s more than meets the eye. Here’s the information that you’ve likely seen, regarding the Census Bureau’s latest report on new construction
We keep hearing that housing inventory has no where to go but up…but what factors will actually cause it to increase? “Housing inventory has bottomed.” “Housing inventory will recover.” “New homes will begin entering the marketplace.” Yeah, we remember
Everybody and their uncle knows that Millennials will be integral to the housing recovery, but what do they actually want in a house? The Millennial generation, which encompasses Americans born between the early ’80s and early 2000s, is the
Builder confidence had been on a tear through 2013, but it seems to have hit a road block in 2014. Builder confidence fell precipitously in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Has price per square foot continued its 2013 ascent in the New Year? Many things occurred in the housing market in 2013, but perhaps the most notable was the marked ascent in home prices and the price per square
A new study finds that Houston has the most active new construction market in the nation. Houston led the nation in single-family home construction, according to a Metrostudy cited by a CultureMap Houston article. According to the article, the
With inventory low and showing no signs of improving, what can agents do to distinguish their clients? Houston started out 2014 with another double-digit decline in housing inventory, and such low supply in a recovering housing market can only
Though new homes have seen, on average, very impressive sales increases since 2010, the specific gains have told a different story. We’ll start with the good news – after its worst years since record-keeping began in the ’60s, the
Housing affordability has fallen nationwide in the last year; what of here in Houston? Housing affordability in the Houston housing market fell 10.2 percent in 2013, according to newly released data by the National Association of Realtors. From 2012 to 2013,
Houston’s housing inventory blues have not improved much with the New Year. Houston’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one
Houston’s housing market continued to grow in confidence in January. Asking prices in the Houston-area housing market increased 13.5 percent year-over-year in January, according to the latest Price Monitor from real estate website Trulia. That continued Houston’s track record of strong
Houston’s housing market showed some definite positivity in 2013, according to CoreLogic. Home prices in the Houston marketplace rose 10.7 percent in 2013, according to the latest CoreLogic Home Price Index. That was the sixth strongest yearly increase of all the
Last year proved a very positive one for residential new construction, according to the final Census Bureau numbers. Residential construction spending finished out 2013 at a very fine $352.6 billion, according to the final number crunching by the U.S.
Has Houston’s housing market picked up any steam in the last year, or is it moving sideways? We’ve been reporting with marked regularity on how the nation’s housing market has slowed down, but is that trend consistent here in
