HBA homebuilder sentiment for September, 2016; highest level in nearly a year

hba

Wake County new home market metrics; do re-sales have a chance to compete?

birchmarketupdate09_15_2016

2015 national median family income metrics; good and bad news

Income Increase

In 2015, median household income (MHI) surged 5.2%, the largest jump ever, to $56,516, up from $53,718 last year. MHI remains below the pre-recession 2007 peak of $57,423 and the 1999 all-time high of $57,909. Women saw their earnings rise 2.7%, while men’s rose 1.5%. Non-citizen MHIs rose 10.5% to $45,100. The only downer, median incomes rose 7.3% for workers living in major cities but didn’t rise in rural areas.

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Elliot F. Eisenberg, Ph.D.
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National wage metrics for 1Q/16; high wages equal high house prices

bls

Renters staying put??

FYI, the median monthly rent for attached housing in the RTP market increased 8% comparing 2Q/16 with 2Q/15 and 34% compared to 2Q/06.

National new home sales for July, 2016; blowout month!!

Sales of new single-family houses in July 2016 were 654,000 at a seasonally adjusted annual rate (SAAR), up 12.4 percent from June’s revised rate and up 31.3 percent from July 2015.

US healthcare spending metrics

Sick Spending

Annual US healthcare spending is $8,713/person, by far the highest in the world. Switzerland comes next at $6,325/person, followed by Norway at $5,852/person. Canada is 10th at $4,351/person, less than half the US total. Among developed nations, Korea spends the least at $2,275/person. As a percentage of GDP, US spending is a staggering 16.4%, followed by Netherlands and Switzerland at 11.1%. Ireland’s spending is the lowest among developed nations, 8.1%.

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