According to recent data crunched by the NAHB’s Eye on Housing, new homes being built with decks has declined for the 3rd straight year. Interestingly, they point out that this is the first time the share has dipped below 20% since the 2005 re-design of the SOC (Census Bureau’s Survey of Construction). From 2005-08 over 25% of new single-family homes included decks.Click here to read the full report at the NAHB’s Eye on Housing.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Realtor.com & the Wall Street Journal recently released their 3rd Emerging Housing Markets Index which identifies markets they believe will be good areas to purchase a home for both homeowners and investors. To get their index, they used a slate of housing market, economic vitality, and quality of life metrics to identify emerging housing markets for the largest 300 metropolitan areas in the United States. “…After a rollercoaster over the past year and a half, the housing market is on better footing and has added approximately $3 trillion in value in the most recent 6 months while one measure of…
Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in October, 2021 was up 11.8% and the median two-bedroom rent was up 14.3%, since March, 2020. Be sure to check out their list of the top 100 metro areas. Click here to read the full report at Zumper.
The U.S. government is reporting that total construction spending in September was at a seasonally adjusted annual rate of $1,573.7 billion, which is down0.5% from August’s revised estimate. However, September’s figure is 7.8% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $773.5 billion in September, which is 0.4% lower than August’s revised estimate.Click here to read the full report at the U.S. Census Bureau.
According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices were up 1% in August and up 18.5% from August, 2020. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s. The FHFA’s HPIs are built on tens of millions of home sales and offer insights about home price fluctuations at the levels of the nation, census division, state, metro area, county, ZIP code, and…
The National Association of Realtors is reporting that pending home sales were down 2.3% in September, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 116.7. The NAR says housing supply remains low but they expect inventory to turn the corner in 2022. Indeed… “Some potential buyers have momentarily paused their home search with intentions to resume in 2022.” “Rents have been mounting solidly of late, with falling rental vacancy rates…This could lead to more renters seeking homeownership in order to avoid the rising inflation, so an increase in inventory will be welcomed.” …
Halloween is this weekend and with that notion (or potion, if you will), the scary folks over at smartasset once again came up with their list of the top places in America to celebrate Halloween. To find these creepy places, they looked at several metrics including housing costs, crime rates, the number of costume shops, percent of residents under 14 and the weather. Stay safe and have a Happy Halloween and a Happy Friday!!!Hat tip to smartasset.
It seems like yesterday, but a couple months ago we posted about the Treasury Department patting itself on the back for spending $1.5 billion in rental assistance out of the nearly $46 billion allocated. Now, fast-forward to October and we learn that only an addition $8.5 billion has been spent, or around 20% of the total. As reported by Bloomberg & various media outlets, the Treasury Department is boasting that $2.8 billion was released last month, bringing the total to $10.7 billion, out of the $46.5 billion appropriated by Congress to prevent evictions during last year’s Covid-19 pandemic. Reportedly, just…
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.8% annual gain for August, 2021, basically the same as the previous month. Their 10-City Composite annual increase came in at 18.6% and their 20-City Composite posted a 19.7% year-over-year gain – both down from the previous month. “The U.S. housing market showed continuing strength in August 2021,” says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. Every one of our city and composite indices stands at its all-time high, and year-over-year price growth continues to be very strong, although moderating somewhat…
The U.S. Government is reporting that sales of new single-family houses in September, 2021 were at a seasonally adjusted annual rate of 800k, which is 14% higher than August’s revised rate but is 17.6% lower than one year ago. The median sales price of new houses sold in September was $408,800 with an average sales price of $451,700. There were an estimated 379k new houses for sale at the end of September representing a 5.7-month supply at the current sales rate.Click here to read the full report at the U.S. Census Bureau.
