May’s Builder Intelligence Report Suggests Housing Downturn Is Abating

Robert Dietz, an economist with the National Association of home Builders, suggests that last quarter’s increase is due more to a smaller amount of housing construction. accelerated in the years.

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NEW YORK – November 18, 2015 – During the prolonged housing downturn, green homes provided support to the ailing residential market and now promise to be an important element of the recovering market as well, according to a new study conducted by Dodge Data & Analytics, in partnership with the National Association of Home Builders (NAHB) and with the support of Ply Gem Industries, (NYSE: PGEM), a leading manufacturer of exterior building products in North America.

Well, with a sharply increasing REO inventory in each and every major profit center of the builders, this appears highly unlikely. It may be possible though, so let’s check the asking prices of the markets in question and look into the supply issue to see if inventory is abating. As usual, simply click on any graphic to enlarge it.

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The armies of the housing recession are retreating, in our view, and the homebuilding industry should be prepared to advance for the first time in quite a while. BACKGROUND Ben Sage, Director of Metrostudy’s Arizona Region, has been researching and analyzing housing markets for seventeen years.

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This is consistent with the fact that industrial activity appears to be abating in the world’s major. and building material spending in Q1 suggests that the recent soft patch in Canadian housing.

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Purchase mortgage applications in May are running 7% above year-ago levels. Add in a bounce in May household home selling conditions testing cycle highs and there’s a glimmer of optimism that the downturn in home sales is abating. If home sales don’t gain traction, the easy money isn’t the fix.

New York City Slips Deeper into Real Estate Downturn Adobe Stock / archimede According to a new report from Warburg Realty, New York City’s real estate prices have fallen an estimated 10-20%.

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