Category Archives: Housing

  Household Formation, Loosening Lending Criteria Stimulate Housing Demand

  Follow us:  Research Brief July 2017 HOUSING Developing Trends ■ Existing single-family home prices increased 5.8 percent year over year in May to $252,800 and are up nearly $20,000 since the end of 2016. The increase pushed the median to a record high, largely driven by strong buyer competition and limited inventory across the […]

New-Home Sales Building Momentum As Entry-Level Buyers Re-engage in Homebuying

    Follow us:  Research Brief April 2017 HOUSING Developing Trends ■ The annual uptick in existing-home sales was driven by trading among higher-end homes as the inventory of affordable listings remained tight. The slowdown in sales of lower-cost properties presents challenges to first-time homebuyers, channeling many to new builds. Though developers face cost issues in […]

Elevated Home Sales Push Pricing, but Falling Homeownership Rate Boosts Rental Demand

August 29, 2016 Existing single-family home prices marked moderate gains in July, moving back into alignment with the pre-recession peak. Though home prices ticked up, existing home sales dipped for the first time since November 2015 as limited available inventory weighed on further progression, keeping many households in apartments. Steady job creation over the last […]

Single-Family Home Sales and Building Advance; Hurdles to Faster Growth Persist

July 12, 2016 A modest advance in sales activity during the month of May put additional strain on for-sale inventory as the single-family housing market seems to remain caught in a loop that continues to prevent many prospective homebuyers from making a purchase. Sales of existing single-family homes are rising, but the low level of […]