TBJ article on changing RTP residential housing dynamics

cover story_ the big squeeze_ home pric..

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National house price and mortgage rate increase metrics

price

National housing metrics for 12/18

Pad Prognostications

Pending home sales have declined Y-o-Y for 11 straight months, existing sales peaked in 11/17, existing inventory has been rising Y-o-Y for four straight months, and appreciation has been slowing for six straight months. Starts have been flat since 11/16, new sales have been falling since 11/17, and new inventory has risen from 4.9 months in 11/17 to 7.4. In 2019, starts and sales steady, appreciation slows, and inventories rise.

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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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NAR pending home sale index for November, 2018

pend

United States population metrics for 2018

Inadequate Increase

During the year ending 7/1/18, the US population grew by 2.02 million or 0.6%, the slowest pace since 1937, and now totals 327.2 million. The excess of births over deaths resulted in an increase of 1.04 million persons, while immigration accounted for an increase of 978,826 people, or 48.5% of all growth. The fastest growing states: Nevada and Idaho at 2.1%, Utah at 1.9%, and Arizona at 1.7%.

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

TMLS market update for November, 2018

National new home starts and permits for November, 2018

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