Tag: housing

Earlier this month, we discussed how labor constraints have resulted in construction cycle times becoming extended to the second longest level among expansion periods dating back to 1990, trailing only 2005 when industry ...

As previously detailed, labor availability ranks among the biggest challenges for production builders in the current market, remarkably even with land availability, which is traditionally the most-cited hurdle ...

Yesterday, the National Association of Realtors released its estimate for July existing home closings. Adjusted for seasonality, transactions were up 2% year over year, leaving the trailing three-month average increase at a similar 2% level ...

Almost a year ago in an analysis titled, “Entry-Level Wage Growth Not Great, but Continuing to Improve”, we offered a relatively optimistic outlook for entry-level incomes with the growth rate improving for two key indicators in 2016 compared ...

Earlier this week, Fannie Mae released the results of its monthly consumer survey focused on housing-related consumer sentiment. According to the July feedback, “the net share of Americans who say it is a good time to buy a home fell 7 percentage ...

In her testimony to the House Financial Services Committee earlier this week, Federal Reserve Chair Janet Yellen noted that “the [Federal Open Market Committee] will be monitoring inflation developments closely in the months ahead.” The cautionary ...

Having the responsibility of consistently predicting the future in a public forum is not for the faint of heart. Thus, we do not envy economists that are forced to opine on such far-reaching themes as energy, international trade, the consumer ...

Over the last 30 years, investment in residential structures has accounted for approximately 4% of national gross domestic product (GDP). This component of GDP as defined by the Bureau of Economic Analysis covers new construction of single-family ...

Last week, ATTOM Data Solutions released its quarterly Home Flipping Report, meant to quantify homes that were purchased and sold within a 12-month period in an arms-length transaction. Historically, we believe that house flipping has carried ...

We utilize a proprietary tracking of residential electric customers to supplement our views on household formation, which has proven critical to our overall housing thesis during periods of volatile government data. ...