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housing

Sales of Luxury Homes Collapse -45% to Second Lowest Level Ever Recorded

March 14, 2023 by Ted Leave a Comment

photo of a luxury home

Realtors Say Economic Uncertainty Has Frozen Buyers/Sellers

According to the latest data from national realtor Redfin, sales of luxury homes in the U.S. have declined a record -44.6% for the three-month period ending January 3, 2023, on a year-over-year (YoY) basis. That result outpaced the decline in sales of non-luxury homes of -37.5%.

See more on the collapse of luxury home sales; Is your market affected?

[Read more…] about Sales of Luxury Homes Collapse -45% to Second Lowest Level Ever Recorded

Filed Under: Economic Trends, Housing, News Tagged With: housing, luxury market, residential housing

Stunning Data on Housing Market Clearly Shows Why It’s Declining

August 4, 2022 by Ted Leave a Comment

home interior

Just Two Charts Tell the Story of the Housing Market

For some time now, I have been dutifully reporting on the – at first subtle…now as subtle as a Mac truck – changes taking place in the housing market, clearly in decline after a stunning runup during the 2020-2021 COVID period. Certain economic segments, including Tech in general and custom integration specifically, benefitted from the COVID period forcing consumers to huddle in their homes.

But now, things are changing, starting with the housing market…

[Read more…] about Stunning Data on Housing Market Clearly Shows Why It’s Declining

Filed Under: Economic Trends, Housing, News Tagged With: home values, housing, housing prices, mortgage rates

Housing: After a Bump in May, June New Home Sales Back to Downward Trend

July 28, 2022 by Ted Leave a Comment

Photo of newly constructed home in housing

In the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, sales of newly constructed homes (new home sales) in June returned to their months-long downward trend after a brief bump up in May. Another sign of a housing market in decline, rising mortgage rates combined with rising home prices have thrown cold water on what had been a very hot housing market over the last year-and-a-half.

See more on new home sales in June, a key housing statistic

[Read more…] about Housing: After a Bump in May, June New Home Sales Back to Downward Trend

Filed Under: Economic Trends, Housing, News Tagged With: housing, new home sales

New Residential Sales Jump to 9-Month High

January 26, 2022 by Ted 2 Comments

New residential sales data from the U.S. Census Bureau and the Department of Housing and Urban Development show a sharp rise in the sale of newly constructed homes for the month of December. This is the second month in a row when sales of new homes rose as compared to the sales the previous month and are at the highest rate of sales since March – a nine-month high.

See more on new residential sales

[Read more…] about New Residential Sales Jump to 9-Month High

Filed Under: Economic Trends, Housing, News Tagged With: housing, new residential sales

Housing Starts Stall in April

May 19, 2021 by Ted Leave a Comment

housing construction

In yet another sign that the increasing momentum down the path to economic recovery will still be a very bumpy journey, residential housing construction starts (housing starts) in April showed declines in both the overall reading for all types of homes as well as for single-family homes. While both showed double digit declines in the initial report for April, they are both still well over the readings experienced in April 2020, at the height of the rollout of the COVID-19 pandemic.

See the latest data on housing starts in April

[Read more…] about Housing Starts Stall in April

Filed Under: Economic Trends, News Tagged With: housing, housing starts, NAHB, residential construction

Housing Starts Split Again in September for Good News/Bad News Result

October 22, 2020 by Ted Leave a Comment

Housing Prices Photo

On Tuesday, the U.S. Department of Commerce released their latest report on residential construction for the month of September 2020. Like last month, the results on housing starts were mixed, with both good news for custom integrators and bad news for the overall industry – suggesting again that housing growth, while robust, is beginning to moderate.

See housing starts results for September…

[Read more…] about Housing Starts Split Again in September for Good News/Bad News Result

Filed Under: Economic Trends, News Tagged With: economic growth, economy, housing, housing starts

August Housing Data Diverges, Suggests Growth is Moderating

October 8, 2020 by Ted Leave a Comment

home construction

It has been quite the roller coaster ride for housing – first dropping a COVID-driven, eye-popping 30.2% in April to just a 934,000 unit seasonally adjusted annual rate. Then gradually rebounding in May and June…leading to a record 22.6% increase in July.

Now we see a bit of a pause in August, with overall housing starts declining 5.1% to a rate of 1,416,000 units, down from the revised rate of 1,492,000 in July.

Get the latest housing construction & sales data

[Read more…] about August Housing Data Diverges, Suggests Growth is Moderating

Filed Under: Economic Trends Tagged With: construction, housing, housing starts, residential construction

Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

April 23, 2020 by Ted Leave a Comment

graph of economic downturn

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold on tight…it’s going to get worse before it gets better.

See a selection of data showing the economy hitting the brakes…

[Read more…] about Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

Filed Under: Economic Trends, Financial, News Tagged With: consumer sentiment, housing, housing starts, new home sales, recession, unemployment

Economic Data Deteriorates Rapidly in March

April 2, 2020 by Ted Leave a Comment

Economic data declines, unemployment claims up
Business Change of job, unemployment, resigned concept.

Unemployment Claims Jump to 6.6M; Mortgage Applications Plunged 24%

We are now beginning to see a rapid deterioration in economic data in the wake of the impact of the Coronavirus COVID-19 epidemic sweeping the country. Stunning new numbers are dropping at a rate never seen before and suggest we may yet have a long road to recovery. Unemployment claims skyrocketed to 6.6 million new jobless claims at the end of the month, and mortgage applications plunged 24% in March year-over-year.

See more on rapidly descending data…

[Read more…] about Economic Data Deteriorates Rapidly in March

Filed Under: Economic Trends, Financial Tagged With: housing, unemployment

New Home Sales Decline in December 2019

January 30, 2020 by Ted Leave a Comment

[Photo: AP Photo/Steven Senne]

Last week, Strata-gee reported that housing construction starts jumped mightily in December 2019 – but now we learn in a new report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development that new home sales actually declined at the same time. Typically, analysts like to see both home sales and construction starts increase together as an indicator of a healthy economy.

See more on this latest economic data…

[Read more…] about New Home Sales Decline in December 2019

Filed Under: Economic Trends, News, Statistics Tagged With: housing, new home sales

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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