For-sale market conditions have recovered so rapidly that we upgraded 27 of the top 33 housing markets. Salt Lake City and Tampa are now Strong. @JBREC#JBRECDailyInsight
Although the majority of markets remain Slow, subsiding fears and improved sales have helped new home market conditions reverse course. We upgraded a number of markets this month to Normal. @JBREC#JBRECDailyInsight
How does this cycle compare to the last? Digging into @JBREC's archives with 'A Strategy to Navigate the Housing Cycle' written in December 2007. Looking back lets us better understand the past and present as we envision the future. #JBRECDailyInsightow.ly/st8650zwTh5
The spread of COVID-19 and the shelter-in-place mandates have varied dramatically as each market has different dependencies on certain industries. We highlight the wildly different impacts by MSA over the last 3 recessions: 1990-91, 2001, and 2008-2009. @JBREC#JBRECDailyInsight
Market conditions declined significantly as we downgraded all market ratings to Slow/Very Slow. COVID-19 triggered job losses and uncertainty reflect weakened sales and pricing conditions throughout all markets. @JBREC#JBRECDailyInsight
Apartment markets have a large concentration of jobs in sectors already experiencing COVID-19 layoffs. Heavily exposed markets to employment losses resulting from the COVID-19 outbreak include Las Vegas (49%), Orlando (42%), and Miami (41%). @JBREC#JBRECDailyInsight
Despite the uncertainty in the global economy today, a recovery will be in our future. Each week we will offer 'The Light', or a potential strategy/competitive advantage in the housing industry. @JBREC#JBRECDailyInsightrealestateconsulting.com/the-light-apar…
"75% of multigenerational households today are an adult child living with their parents." -@DemographChris
Day 1 of Social Distancing while living with parents = lots of family time! @JBREC#JBRECDailyInsightow.ly/z7eE50yNnGo
Where do you see yourself moving? U-Haul rental pricing data shows out-migration in California, Midwest, and Northeast markets. @JBREC#JBRECDailyInsight
Market conditions are accelerating fast, and we upgraded nine more housing markets in February. 25% of top markets are now Strong and prices are set for liftoff! @JBREC#JBRECDailyInsight
New York/Phoenix experiencing greatest share of investor sales. Home prices poised to accelerate sharply in 2020, aided by low rates & low supply. While this boosts owner-occupied activity (ex: non-investors), it triggers a pickup in investor purchases. @JBREC#JBRECDailyInsight
The map shows public builder community counts by market. Only 14 markets covered have over 150 communities. Houston (386), Atlanta (321), and Dallas (285) top the list - making them the most concentrated in the country. @JBREC#JBRECDailyInsight
New net international/domestic migration shows strong growth across the Sunbelt and Washington state, at the expense of California, Illinois, and New York. More affordable and tax haven states tend to outperform in this metric. @JBREC#JBRECDailyInsight
Builders started 2019 with 7 months of unsold inventory (highest since 2011), with incentives and price cuts soon following. Heading into 2020, the figure has plummeted to 5.4 months as builders cut back on incentives and are regaining pricing power. @JBREC#JBRECDailyInsight
44% of new homes are priced below $300K, compared to 70% in 2011! Entry-level demand is benefitting the most, which builders have quickly pivoted toward. @JBREC#JBRECDailyInsight
Single-family construction is still 48% below peak! The run-up of single-family permits that began in the early 1990s was fueled by the 1992 GSE Act (which required a threshold of GSE loans to undeserved population) and 30 years of falling rates. @JBREC#JBRECDailyInsight
Home builder average sales prices (ASPs) vary from $241K to $958K. LGIH and DHI typically focus on spec homes or homes with less customization in further out submarkets, resulting in lower ASPs. @JBREC#JBRECDailyInsight
Low resale supply in most top markets! Miami experiences elevated supply. Limited resale supply is a positive for the new home market as it may push buyers to take a fresh look at the new home market. @JBREC#JBRECDailyInsight
39K Followers 609 FollowingDirector of Research | John Burns Research & Consulting @JBREC | Previously @MorganStanley & @MilkenInstitute | All things housing
960 Followers 777 FollowingEconomics, statistics, data science and analysis are my trade. I sweat the details. Currently interested in housing and building products.
21K Followers 383 Following@jbrec founder and teammate, posting about our passion solving today's housing market conditions to help our clients navigate to a better tomorrow.
188 Followers 197 Following@FAcommercial Sales & Leasing Commercial Real Estate in South Florida Upscale Restaurant/Retail & Land Development 🇮🇱🇦🇷 🇺🇸https://t.co/ihIJGBYxWV
10 Followers 198 Followingpersonal development through reality-based branding. Create, document, and grow multiple brands in fitness, fashion, finance, and more. #BeYourFirstCustomer
2K Followers 2K FollowingSupporting our @PoweredbyPLACE partners with world-class mortgage service. Passionate curator of quality information from those more experienced.
217 Followers 1K FollowingPersonal investor who likes to unwind with family and friends on the lake and other outdoor activities. And I have a mild addiction to FinTwit.
3K Followers 6K FollowingRealtors - Dominate new home sales & listings. Partner with home builders & developers in your area. #BMPMethod https://t.co/VjFvcsAZhk
3K Followers 2K FollowingReal Estate Dinosaur | Paid Attention Along The Way | Lots of Ideas | Real Estate Data, Economics & Tech | Occasional Opinions and posts.
2K Followers 2K FollowingeXp Realty agent, former RE/MAX owner. 30+ yrs Las Vegas real estate, 24 yrs as broker. Husband, father of 3. Nevada Wolf Pack Football fan! 🏈 BS29175
1K Followers 2K FollowingMarried to a hottie; Daddy of 3; President of Greenfield Communities (Raleigh); #Housing; @_TrinityAcademy; @ProvidenceRDU; #NCPOL; Cleveland Sports
39K Followers 609 FollowingDirector of Research | John Burns Research & Consulting @JBREC | Previously @MorganStanley & @MilkenInstitute | All things housing
29K Followers 348 FollowingRental housing economist, Dad x5 and suffering Cowboys fan ... Rental housing is essential, misunderstood and we need more of it.
960 Followers 777 FollowingEconomics, statistics, data science and analysis are my trade. I sweat the details. Currently interested in housing and building products.
21K Followers 383 Following@jbrec founder and teammate, posting about our passion solving today's housing market conditions to help our clients navigate to a better tomorrow.
84K Followers 383 FollowingDFW Housing & Economic Analyst. As seen on Fox Business and Bloomberg. Boston Marathon Qualifier. Media Inquiries: [email protected]
83K Followers 1K FollowingRedfin is now powered by Rocket. From your first search to your closing day, Redfin’s top-rated app and expert agents are here to help you win.
4K Followers 553 FollowingGreen Street provides preeminent and actionable commercial real estate research, news, data, analytics, and advisory services in the U.S., Canada, and Europe.
58K Followers 1K FollowingServing professional money managers. Tweets are an exchange of ideas not investment advice. Life is short, if you're a jerk, you'll be unceremoniously blocked.
933 Followers 536 FollowingReal Estate, bad takes and Cleveland sports. BTR and homebuilding in the SE. Nobody beats Vitas Gerulaitis 17 times in a row. @persky_photos
45K Followers 181 Following#IRVINEPDPIO. Follow us on Instagram for more information and daily posts. This account is not monitored 24/7. For police assistance, call us!
63.7M Followers 1K FollowingIt’s our job to #GoThere and tell the most difficult stories. For breaking news, follow @CNNBRK and download the CNN app ➡️ https://t.co/7PQD7o6fLw
20.9M Followers 1K FollowingSign up for our newsletters and alerts: https://t.co/QevH0DLQi8 | Got a tip? https://t.co/iXIigdPjEZ | For WSJ customer support: https://t.co/DZgH9n53qg
9.8M Followers 101 FollowingThe first word in business news. Singapore newsletter: https://t.co/RtyaUOdLdF Newsletters: https://t.co/nWaCxHSKuU Podcasts: https://t.co/096e9xMbPz
16K Followers 720 FollowingOur team produces independent research and custom consulting advice to help executives make the most informed decisions possible.
No recent Favorites. New Favorites will appear here.