Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
Grand Rapids, Mich. Photo: Steven Depolo/Creative Commons
Only nine cities performed better than national averages, according to the annual Metro Monitor report
Every market is different when it comes to housing inventory, demographic drivers, and industry influences
The Federal Reserve in Washington, D.C. Photo: Stefan Fussan/Wikimedia Commons
Decreasing supply is a far greater concern to the housing economy
Photo: Tim Collins/Wikimedia Commons
Most houses are purchased with cash by flippers, which indicates that more financing is available for home transactions
Photo: Paul Brennan/Creative Commons.
Cape Coral-Fort Myers in Florida increased its available housing by 36.7 percent over the last year.
A house in Dallas. Photo: Caliber Roofs/Wikimedia Commons.
New York City and Dallas need the most new construction
Neighborhood in Denver. Photo: Osbornb/Creative Commons.
The increases in homeownership rates were mostly due to more people buying homes, not declines in renter households
Middle class neighborhood in Layton, Utah. Photo: D Sharon Pruitt/Wikimedia Commons.
Despite the economic progress made as a whole, income distribution remains a problem
Detroit. Photo: James/Creative Commons.
Cities in the South and in the Rust Belt have the most favorable base salary to home price ratios