Tag Archive for ‘housing economics’

Top Features First-Time Home Buyers Want

After rising for six consecutive years (2010 to 2015), the average home size in the US has fallen steadily for the past four years (2016 to 2019).  In fact, estimates indicate the average home built in 2019 was the smallest since 2011.  This trend is evidence that builders are working to meet the demand for smaller homes; that they are… Read More ›

Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 63.2 percent of new and existing homes sold between the beginning of October and end of… Read More ›

Time Spent Searching for a Home is Rising

Of the 11% of American adults considering a home purchase in the final quarter of 2019, only 43% reported being actively engaged in the process to find and buy a home.  A year earlier, the comparable share of active buyers was a much stronger 54%.  This finding suggests that mortgage interest rates steadily below 4.0% in recent months have not… Read More ›

Gains for Top Builder Share

The top 20 builders produced 29.0% of all the homes constructed in the country in 2018, according to data from BUILDER magazine. That share is a notable gain from 2017, when the largest 20 builders were responsible for 26.8% of all completions. Historical data shows a rising trend in the market share of the top 20 builders[1].  In 2000, these… Read More ›