Market Data + Trends

Real Estate Values Spike

The value of owner-occupied real estate in the United States posted its largest quarterly increase on record.

The State of Employment in August

Construction sector jobs in the U.S. increased by 193,000 year-to-date, which is a 2.7% increase from August 2020.

Multi and Single-Family are Neck and Neck

An analysis by National Association of Home Builders shows that single-family construction activity recently closed that gap with multifamily.

Is Housing Inventory Much Lower Than We Think it is?

It seems likely that active inventory is down close to 25% year-over-year, rather than 13.4%.

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Americans Hate the Housing Market

Americans aren't just balking at home prices. Their outlook toward the entire economy is abysmal.

September Mortgage Applications Surge

Applications for loans to purchase homes rose 2% to its highest level since April.

Lumber Cost Down, Builder Sentiment Up

The single-family building market has moved off the unsustainably hot pace of construction of last fall and has reached a still hot but more stable level of activity

Building Permits Gain Year-Over-Year

Single-family permits issued year-to-date nationwide reached 681,949 compared with 525,623 for the year to date ended in July

Most of the renters are Millennials and Gen Zs looking for housing options that better suit their budgets, as 55% of suburban renters are younger than 45 with median household earnings around $50,000.