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Economics
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Written by Jonathan Smoke
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04.02.2008 |
We’ve updated our Prospects Index calculations based on the latest historical data and forecasts for key housing metrics, including market equilibrium, economic outlook, home price risk, and long-term home price appreciation. So it’s time to feature our new best and worst places for housing prospects.
Before we get into the list, it’s important to note our emphasis on prospects. Our index calculations are meant to give a picture of what we expect these markets to be like in 3-5 years. While the market equilibrium is current, the other variables are based on the most recent forecasts out for five years. | | No comments for this item |
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Market Research
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Written by Jonathan Smoke
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03.31.2008 |
The March editions of our HousingIntelligence Market Reports are now available for subscribers to download. National subscribers have access to 939 metropolitan and micropolitan statistical areas of the country from Abbeville, LA to Zanesville, OH. A local subscription provides immediate access to one designated market. Click here to learn more about the Market Reports. | | No comments for this item |
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Economics
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Written by Jonathan Smoke
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03.26.2008 |
The Commerce Department released the preliminary new home sales for February today. The data revealed a small decline over January, roughly in line with what economists predicted but certainly not the uptick that the existing home sales data revealed on Monday for the same period.
Digging into the data, new home sales for February were at a seasonally adjusted annual rate of 590,000 homes, which was 1.8% below the January rate of 601,000 homes. It should be noted that since this data is based on survey samples conducted by the Census Bureau, such a small percentage change is not statistically significant. | | No comments for this item |
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Economics
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Written by Jonathan Smoke
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03.25.2008 |

This is one fickle market. Yesterday optimism reigned as existing home sales for February seemed to indicate that a bottom had been or was being reached in the housing downturn. While I wasn’t impressed with the strength of the signal, I did see the glass as half-full.
Today we did a u-turn based on the S&P/Case-Shiller January index release and the March release of the Consumer Confidence Index from the Conference Board. | | No comments for this item |
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Economics
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Written by Jonathan Smoke
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03.24.2008 |
The news today is more upbeat about housing as a result of the National Association of Realtor’s release of February’s existing home sales data. Total existing home sales seasonally adjusted rose to 5.03 million from January’s 4.89 million.
Since this was the first month-over-month increase since July of last year, it is being received as a good signal that nationally we may indeed be at or near a bottom. | | No comments for this item |
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Economics
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Written by Jonathan Smoke
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03.20.2008 |
On Monday, Wells Fargo and NAHB released the March Housing Market Index (HMI). At first it didn’t seem very newsworthy as the overall index and most of the components remained unchanged from February.
The overall index reading of 20 reflects dismal confidence (above 50 is good), but at least the reading is off of its 22+ year historical low of 18, which was set this past December. | | No comments for this item |
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Market Research
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Written by Jonathan Smoke
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03.19.2008 |
I recently had the pleasure of meeting Michael Malloy and Rob Benware, the founders of ShareYourTraffic.com. Besides being involved with startups based in Atlanta and focused on housing and homebuilding, we had many other common philosophies and ideas based on our experiences in homebuilding.
Since my aim is to produce the best available intelligence to help professionals make good decisions about housing, I love what Michael and Rob are doing with ShareYourTraffic. | | No comments for this item |
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