Multifamily Market Hot: Inflation Tepid
Housing starts rebounded to a 1.174 million-unit pace in June, while the decline for May was slightly less than initially reported. Gains were concentrated in the multi-family market as builders are...
View ArticleHousing Primer
Watch this week’s housing market data closely for key trends: 1. Was it a fluke that first-time buyers increased in May, in both relative and absolute terms? Millennials were reluctant/unable to buy...
View ArticleExisting Home Sales Surge
In September, existing home sales surged to a 5.55 million-unit annualized rate, well above expectations but in line with our forecast for ongoing healing in the housing market. Data for August were...
View ArticleNew Home Sales Data Disappoint
New home sales for September came in well below expectations at 468,000 following a downward revision to the August data. All regions posted declines; the Northeast led the way, down almost 62% from...
View ArticleHousing Starts Disappoint
In October, housing starts slipped to a 1.06 million unit pace, nearly 60% below household formation. This is causing acute shortages for those looking for a place to live, particularly to rent, and...
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