In The News
Respected business news and trade media outlets turn to our team for clarification on important and timely issues. John Burns regularly appears on national TV and major media discussing current housing industry topics, and many of our leaders are featured regularly in publications such as The Wall Street Journal, Bloomberg Businessweek, CNN, and USA Today. Below are some of the most recent and notable headlines.
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If you’re interested in buying a newly constructed house in the Washington region, you’ll find plenty of options in a variety of price ranges.
More signs have emerged that the current spring home-selling season is off to a far better start for the home-building industry than at this time last year.
It may seem like mortgage rates have been vacillating in a tight range, brushing up against 4 percent on the 30-year fixed and then falling back. Rates, however, are still considerably lower than they were a year ago.
A proliferation of data and new data analysis methods are changing the way builders buy, sell and develop vacant land, according to experts, and builders are cautiously optimistic that easier credit and more flexibility will help the new homes market rebound in 2015.
The housing market has been disappointing in the past year, with sales essentially flat. But there are signs that the market is starting to stir.
But while those numbers indicate a drop from 2013, the group still outperformed home sales nationwide, according to John Burns Real Estate Consulting.
Five years ago, Quadrant Homes churned out starter houses in the Seattle area with an average sales price of $269,000 and the marketing slogan, “More House, Less Money.”
The St. Charles Companies reported 250 new home sales for the year, the third year in a row of more than 200 new home sales contracts…
Baby boomers Julie Healy and her husband, Vladimir Leonov, have plenty of energy and mobility now. But…
Sales of New and Existing Homes Look Less Than Inspiring
The huge drop in gasoline prices is just the boost the housing market needs heading into 2015.
Laborers in the US energy industry are nervously watching crashing oil prices as they wonder what persistently low prices could mean for their jobs.
The share of 25- to 29-year-olds who are married is down, way down…
Generally speaking, the industry is experiencing a bright recovery and the outlook continues to be positive for real estate development and housing, though there is still a wide abundance of caution and avoidance of over-optimism regarding appreciation.
A venture led by developer Trumark Homes is paying roughly $200 million for 184 acres of raw land in the hill country east of the Bay Area in a sign that demand remains strong for land in the top housing markets.
One Wall Street firm has an idea that’s raising eyebrows: forgive some student debt for first-time homebuyers.
Joseph Beben wasn’t in the market for a house until he heard about a year-old community in suburban Phoenix where 10 homebuilders are offering buyers incentives such as swimming pools, built-in barbecues and subsidized mortgage rates.
Democrats in tight races have found a new villain this election cycle: student debt.
Just when you thought there couldn’t be any more problems Apple’s newest iPhone is creating the latest concerns.
Discussing how student debt is holding back first time home buyers, with Glenn Kelman, Redfin CEO, and CNBC’s Diana Olick.
In the wake of the FOMC meeting and the IPO hype, we face a week with little new information – the lull before earnings season. This sort of vacuum makes it difficult to predict the week ahead, but I have an interesting idea:
John Burns Real Estate Consulting CEO John Burns weighs in on the latest housing data.
Chris Noblejas, a former real estate agent, got hit by a double whammy during the housing crisis.
Aa groundbreaking ceremony in May, neighborhood activists and local government officials celebrated Ponte Vista, a development of 676 homes in San Pedro.
Demand for new homes slowed sharply during the first half, a development that threatens to reverberate beyond the housing market and throughout the broader economy.
Phoenix is a lesson in housing abuse. From boom to bust, to recovery to relapse, Phoenix housing is forever rising and falling, and now it is falling again. The rest of the nation should take notice.
Foreign Purchases of U.S. Residential Real Estate Jumped 35% Last Year
Cheryl Pate-Yow rushed to LGI Homes Inc.’s sales office south of Houston the day after receiving a mailer that said she could own a new home for $689 a month, only $24 more than rent on her one-bedroom apartment.
Retirement moves, which dropped sharply during the worst of the recession, are making a comeback.
For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.
Jaimie Adler said it’s getting cramped in the Lexington, Massachusetts, house she shares with her husband, two daughters and an au pair who occupies the former office. They’d sell, Adler said, if more homes were on the market in the Boston suburb.
John Burns Real Estate Consulting founder John Burns on the outlook for the housing market.
The housing rebound is fading. And it may be awhile before it gets a second wind.
D.R. Horton Launches Unit Focused on No-Frills Homes
Why are household formations so low? Because 1.2 million more adults live with their parents than just 8 years ago!
Homebuilders, don’t touch that bathtub! Keep your paws off the dining room too.
It’s hard to expect much of a lift for housing amid a dearth of fresh, real demand—not just demand from investors and speculators.
Construction and sales of new houses in the Washington region have rebounded since the Great Recession, when activity slowed considerably, and analysts are expecting both to continue rising this year.
Affordability Troubles Grow, Especially for First-Time Buyers
The world’s largest alternative-asset manager is among investors buying distressed properties in the Chicago area after private-equity and hedge-fund firms helped send property values surging in hard-hit markets such as Phoenix and Atlanta.
Heavy student-debt loads, persistent employment troubles stemming from the recession and newly toughened mortgage underwriting standards…
Think again. They have nothing on reluctant thirty-somethings.
Did home builders regain their pricing mojo in December?
Cities that are leading the nation in home building have land available for development, pent-up demand for housing, and strong economies and job growth.
Houston’s real estate market is one of the hottest in the world. Nothing this good lasts forever and some say job growth won’t be as strong next year. But the boom is not over yet.
The last three months – he is referring to September, October, and November – “have been characterized by slowing sales and a rising percentage of greedy sellers dropping price to generate activity.”
Good luck finding a new home to buy in Southern California these days-the supply of new home projects open and selling in Southern California is currently at a 20-year low.
Home prices in the Baltimore metro region continued a slow and steady climb in November, while sales grew sluggish, a seasonal trend exacerbated by economic uncertainty.
Will Miami’s market continue its current pace toward recovery? Yes. Overall, we expect Miami’s housing market to experience steady growth. However, lack of affordability and minimal developable land will constrain sales velocity and likely push home prices even higher. We are projecting steady price appreciation in Miami’s market…
John Burns Real Estate Consulting CEO John Burns on 440,000 new home sales in October.
A recent survey of builders carried out by John Burns Real Estate Consulting has revealed that sales of new homes in October fell by 8% compared to September, and by 6% compared to a year earlier. This is the second consecutive month in which this survey has shown…
Weak sales tallies in October mean home builders face a winter full of worry.
A monthly survey of builders across the U.S. by John Burns Real Estate Consulting, a housing research and advisory firm, has found that respondents’ sales of new homes declined…