Building Market Intelligence

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Americans Are Leaving Big Cities for More Affordable Cities in the South and Northwest

U-Haul moving truck price disparities usually indicate domestic migration trends long before official migration does. In light of that, we compared the costs of renting a truck each direction to and from 16 cities and learned that: People are leaving …

Phoenix New Homes Ready for a Downsize

With a median household income of only $53,600 per year, many prospective Phoenix home buyers cannot qualify for a mortgage in excess of $200K, even with low mortgage rates and an FHA loan limit of $271,000. At a median new …

Happy New Year: Foreign Buyer Trends You Should Know Celebrating the Year of the Red Fire Monkey

January 27 marks the beginning of the Chinese New Year season that ends on February 22. Since sales will slow while buyers focus on special events and reconnect with loved ones, we thought we should give some sales and design …

Job Growth Strengthens, but Government Spending Remains Flat

Did DC end 2015 naughty or nice? Jobs, jobs, jobs. After a sluggish employment market in 2014, the Washington, DC, region gained jobs at a robust pace in 2015. Despite flat levels of federal spending, the region added 61,900 jobs …

Multigenerational Households on the Rise

“We are family.” – Bernard Edwards and Nile Rodgers According to The 2014 American Community Survey, 16.5 million households have two adjacent adult generations living together, which accounts for 14% of all US households, and another 4.6 million households have …

Census Revises Remodeling Estimates to Match Our Index

Repair and remodeling spending grew 5%+ last year, just as we predicted. On January 4, the Census Bureau announced a significant revision to their residential improvement spending estimates due to a calculation error. Based on our knowledge of the market, …

Big Variety in the 6 Southern California Markets

Our outlook for this year varies dramatically by market and price point. At a high level, there are three major markets on the upswing, one is holding its own, and two are showing signs of slowing. Markets on the Upswing: …

23,263 New Home Sales Last Year at Top 50 Masterplans, a 14% Increase over 2014

In 2015, the top 50 masterplans listed in the table below sold nearly 23,300 homes, representing: A 14% increase over 2014 Roughly 4.7% of all new home sales nationally The highest sales volume in the 6 years we have been …

The Midwest Price Gap: Existing Home Median Price vs. New Home Median Price

As we tour housing markets across the Midwest, the topic at the forefront of discussion is the price gap between new homes and existing homes. This gap has widened in every major market across the Midwest since the beginning of …

The 2016 Florida Housing Market Forecast

Co-authors: Mike Willinger and Kristine Smale Moderating Job Growth: We are forecasting significant moderation in job growth across most markets. A spike in retirees will result in fewer working-age adults, leading to strong retiree demand at the same time as slower …