| New Forecast Reports Help Shed Light on Local Market Bottom and Recovery Levels |
| Written by Jonathan Smoke | |
| 06.25.2007 | |
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Discuss this article on the forums. (0 posts) If you’ve been following our blog, you know we have been studying the key factors that best predict a healthy housing market. You’ll also know that we subscribe to the theory for housing, as with real estate in general, “it’s all about location, location, location.” Therefore, we think it’s far more important to study the local market to understand housing.  For our enhanced subscribers, we have added a new local market Forecast report that provides visibility into the most critical factors that influence the future performance of housing in that market.The forecast report looks forward through 2010 and includes metrics like employment, household growth, home ownership, home prices, affordability, home sales, and unemployment. You can use these reports to understand when the bottom of this current downturn will be reached. For example, in the Atlanta Forecast report, we show our own forecast for New Home Sales based on actual and forecasted single family permits, job growth, household growth, and home appreciation.  According to our latest forecast, Atlanta’s new home sales will hit bottom in July and within a year the Atlanta new home market will be partially recovered. That’s the good news. The bad news is that the Atlanta market appears to be headed for a new equilibrium level of new home production that will be shy of 50,000 new homes per year through at least 2010. This is more than 10,000 homes less than the peak reached in 2005. In addition to our new Forecast reports per market, our June Market Dashboard reports have been produced and are available through enhanced subscriptions. So, whether you need due diligence for your own investments, external validation of current and forecasted local market performance to judge the investments of others, or simply need to follow housing for potential impacts to your own related business, our affordable subscriptions provide housing intelligence unlike any other resource. At our special charter discount rates, for just $29 a month you can have access to our Dashboard and Forecast reports for a single local market. Don’t just guess. With HousingIntelligence you can make better decisions. Why risk it? Subscribe today! 
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