National residential new home sales for April; 2018

https://www.census.gov/construction/nrs/pdf/newressales.pdf

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TBJ article on competing offers in the residential market

As Triangle home prices climb, so does ..

National home builder sentiment index for May; 2018

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National foreclosure metrics for February; 2018

foreclosure

National housing metrics for April, 2018

Dwelling Disappointment

Seasonally adjusted annualized April housing starts were 1.287 million. While that is up 10.5% Y-o-Y, and 8% YTD, housing growth is painfully weak, and all because of single-family activity. Multifamily has fully recovered and will henceforth move sideways. However, single-family starts of 894,000 are at solidly recessionary levels despite being 107 months into the current economic recovery, the second longest in US history. Thus, we currently underbuild by 250,000 units/year!

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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National new home starts and permits for April, 2018

https://www.census.gov/construction/nrc/pdf/newresconst.pdf

National mortgage metrics for the last week of April; 2018

mortgage