Browsing Posts In: Home Builders

November 25, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

There was a big rebound in new home sales in October after a very poor showing in September. Even with the gain, the sales pace of newly constructed homes is only about half of what it should be. Home builders need to get busier. Specifically, the annualized sales pace in October was 495,000, a gain […]

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November 19, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Lawrence Yun for Forbes What is going on with home builders? Housing starts refuse to rise in any meaningful way, despite the ongoing shortage in the number of homes on the market and falling rental vacancy rates. What is being built is getting quickly sold. Housing starts totaled 1.06 million on a seasonally adjusted annualized […]

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October 26, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

New home sales plunged in the past month to the slowest pace of the year. Despite the monthly decline, the year-to-date sales were up by 18 percent. Based on housing permit issuance trends, new home sales are likely to turn upwards in upcoming months. In September, new home sales—after accounting for seasonal factors—fell to 468,000 […]

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September 17, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Homebuilders are not building enough. In August, housing starts fell for the second straight month. Without a robust addition of newly constructed homes, an inventory shortage will continue. Specifically, housing starts fell to 1.13 million units (annualized pace) in August. That is seven percent below the recent peak set two months ago. More importantly, the […]

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Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Homebuilders are not building enough. In August, housing starts fell for the second straight month. Without a robust addition of newly constructed homes, an inventory shortage will continue. Specifically, housing starts fell to 1.13 million units (annualized pace) in August. That is seven percent below the recent peak set two months ago. More importantly, the […]

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July 24, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

New home sales fell for the second consecutive month, but the subdued activity is more of a reflection of homebuilders not actively breaking ground for single-family home construction. Specifically, the new home sales pace on an annualized basis was 482,000 in June, a decline of 7 percent from one month ago. From one year ago, […]

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June 11, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Consumers spent more, though not very robustly. That is still enough to propel the economy ahead and create jobs.  Because of the stronger sales gain via ecommerce, the demand for warehouse spaces will rise at a faster rate than for retail spaces. Specifically, retail sales increased 1.2 percent in May over the month and are […]

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June 5, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Very solid job numbers in May.  Jobs are coming at the right time knowing that interest rates are set to rise later this year.  The positive influence to real estate from job creation can easily overpower the negative influence of rising mortgage rates. Specifically, 280,000 net new payroll jobs were added to the economy.  Moreover, […]

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May 27, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

New home sales surged in April and they are selling quickly.  The only problem is we are not yet building enough to fully satisfy the demand. Specifically, new home sales rose 26 percent from one year ago in April to 517,000 annualized pace – which would be the third highest monthly activity in eight years.  […]

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January 21, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Single-family housing starts in December reached their highest monthly activity in nearly 7 years.  Still, the increase is coming off very depressed levels and another 50 percent jump is needed to help relieve a potential housing shortage. Multi-family starts took a dip in December.  But this sector has been strong and can be said to […]

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