Regional Housing Update 10-2009
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Regional Housing Update 10-2009 as PDF for free.
More details
- Words: 1,279
- Pages: 8
Regional Housing Update October 2009
Homebuilder Survey
Reports from District homebuilders indicated that that new home sales in the region turned slightly positive in September on a year-over-year basis. August sales were even with a year earlier. September improvements were driven largely by improvements among Florida contacts. Weakness remained most pronounced among Georgia builders. Contacts also noted that buyer traffic softened somewhat during August. Most continued to report that home prices declined on a year-over-year basis while inventories continued to trend down. Overall construction activity remained below the year earlier level and was little changed from August. The outlook for sales improved while construction activity was expected to slow.
Homebuilder Activity Sales Activity vs. Year Ago 1.0 Key: +1 = Increase 0 = No Change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
09
AL, LA, MS, TN
Homebuilder Activity Construction Activity vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
Regional Housing Update October 2009
Homebuilder Activity Inventory of Unsold Homes vs. Year Ago 1.0 Key: +1 = Increase 0 + No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
09
FL
AL, LA, MS, TN
Homebuilder Activity Selling Price vs. Year Ago 1.0
Key: +1 = Increase 0 = No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
AL, LA, MS, TN
09
Regional Housing Update October 2009
Homebuilder Activity Material Cost vs. Year Ago
Average of Survey Responses
1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
Homebuilder Activity Labor Cost vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
AL, LA, MS, TN
09
Regional Housing Update October 2009
Homebuilder Activity Sales Activity over the Next 3 Months vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
09
AL, LA, MS, TN
Homebuilder Activity Construction Activity over the Next 3 Months vs. Year Ago 1.0 Key +1 = Increase 0 = No Change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
09
Regional Housing Update October 2009
District Builder Responses: September vs. a Year Ago Responses in terms of percent, may not sum to 100 due to rounding AL Above Plan Activity compare to plan: At Plan: Below Plan: Up significantly Up slightly No Change Construction Down slightly
0 45 55 0 24 29 24
FL GA LA MS TN District 27 0 0 0 0 10 36 50 0 33 0 35 36 50 100 67 100 55 23 0 0 0 17 8 31 13 50 33 0 24 15 13 25 33 17 22 23 25 25 0 50 25
Down significantly Up significantly Up slightly No Change Down slightly
24 0 17 39 22
8 15 54 8 15
50 13 0 25 13
0 25 50 25 0
33 0 50 0 0
17 33 17 17 0
22 12 27 24 14
Down significantly Up significantly Up slightly No Change Down slightly
22 0 20 40 8
8 0 13 63 0
50 8 8 46 0
0 0 29 29 0
50 0 33 33 0
33 14 0 71 0
24 3 15 48 3
Down significantly Up Selling Price No Change Downs Up Material Price No Change Down Up Inventory of Unsold Homes No Change Down More Difficulty Filling Positions No Change Less Up 6% + Up 5-6% Up 4-5% Labor Costs Up 3-4% Up 1-3% No Change Down
32 0 33 67 12 47 41 19 13 69 0 36 64 0 0 0 0 6 31 63
25 0 17 83 0 33 67 8 0 92 8 25 67 0 0 0 0 0 42 58
38 13 13 75 0 63 38 0 33 67 0 57 43 0 14 0 14 14 43 14
43 0 50 50 0 75 25 0 33 67 0 0 100 0 0 0 0 0 0 100
33 0 50 50 0 33 67 0 50 50 0 0 0 0 0 50 0 0 50 0
14 17 0 83 0 17 83 25 0 75 0 20 80 0 0 0 0 0 20 80
31 4 23 72 4 44 52 12 14 74 3 32 65 0 2 2 2 4 33 56
Sales
Buyer Traffic
Regional Housing Update October 2009
Residential Real Estate Survey
Reports from District Realtors indicated that home sales in the region improved during September on a year-over-year basis, up slightly. In September, nearly half of respondents reported that sales increased following reports in August, where nearly half reported sales declined. Improved sales in September were strongest among Florida and Georgia contacts with the majority reporting year-over-year gains. District buyer traffic softened somewhat in September but half of the contacts reported that traffic levels remained above the year earlier level. Listing inventories exceed the year earlier level in. The outlook for sales over the next three months continued to weaken in September but remained slightly positive.
District Home Sales Curent Activity vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
District Home Sales Activity over the Next 3 Months vs. Year Ago 1.0 Key: +1 = Increase 0 = No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
AL, LA, MS, TN
Florida
09
GA
Regional Housing Update October 2009
Inventory of Homes For Sale vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
District Home Sales Selling Price vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
AL, LA, MS, TN
FL
09
GA
Regional Housing Update October 2009
District Realtor Responses: September vs. a Year Ago Responses in terms of percent, may not sum to 100 due to rounding
AL Above Plan Activity compare to plan: At Plan: Below Plan: Up significantly Up slightly No Change Total sales Down slightly
8 31 62 7 11 22 30
FL GA LA MS TN District 13 20 0 0 11 11 50 20 0 0 44 35 38 60 100 100 44 54 32 0 0 0 0 11 53 57 100 25 41 35 5 0 0 25 18 15 0 0 0 0 24 16
Down significantly Up significantly Up slightly No Change Down slightly
30 11 22 22 11
11 39 44 6 6
43 0 43 14 14
0 0 100 0 0
50 0 25 25 25
18 6 41 29 18
24 15 35 19 12
Down significantly Up significantly Up slightly No Change Down slightly
33 6 17 50 17
6 21 14 21 29
29 0 0 0 40
0 0 0 0 0
25 0 100 0 0
6 0 6 65 12
19 7 14 40 19
Down significantly Up significantly Up slightly No Change Down slightly
11 0 15 19 52
14 0 0 6 28
60 0 14 14 29
100 0 0 0 100
0 0 0 0 100
18 0 6 18 47
19 0 8 14 46
Down significantly Up Inventories of Unsold No Change Homes Down Up significantly What are your expectations for Up slightly No Change sales over the next three months compared with the Down slightly
15 46 15 38 0 36 20 32
67 35 6 59 16 53 11 16
43 60 0 40 0 43 0 29
0 0 0 100 0 0 100 0
0 0 100 0 0 0 50 50
29 59 35 6 0 33 22 28
32 44 21 34 4 38 19 27
Down significantly
12
5
29
0
0
17
12
Buyer Traffic
Condominium sales
Overall Sales Prices
prior year level?
Homebuilder Survey
Reports from District homebuilders indicated that that new home sales in the region turned slightly positive in September on a year-over-year basis. August sales were even with a year earlier. September improvements were driven largely by improvements among Florida contacts. Weakness remained most pronounced among Georgia builders. Contacts also noted that buyer traffic softened somewhat during August. Most continued to report that home prices declined on a year-over-year basis while inventories continued to trend down. Overall construction activity remained below the year earlier level and was little changed from August. The outlook for sales improved while construction activity was expected to slow.
Homebuilder Activity Sales Activity vs. Year Ago 1.0 Key: +1 = Increase 0 = No Change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
09
AL, LA, MS, TN
Homebuilder Activity Construction Activity vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
Regional Housing Update October 2009
Homebuilder Activity Inventory of Unsold Homes vs. Year Ago 1.0 Key: +1 = Increase 0 + No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
09
FL
AL, LA, MS, TN
Homebuilder Activity Selling Price vs. Year Ago 1.0
Key: +1 = Increase 0 = No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
AL, LA, MS, TN
09
Regional Housing Update October 2009
Homebuilder Activity Material Cost vs. Year Ago
Average of Survey Responses
1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
Homebuilder Activity Labor Cost vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
AL, LA, MS, TN
09
Regional Housing Update October 2009
Homebuilder Activity Sales Activity over the Next 3 Months vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
GA
FL
09
AL, LA, MS, TN
Homebuilder Activity Construction Activity over the Next 3 Months vs. Year Ago 1.0 Key +1 = Increase 0 = No Change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
09
Regional Housing Update October 2009
District Builder Responses: September vs. a Year Ago Responses in terms of percent, may not sum to 100 due to rounding AL Above Plan Activity compare to plan: At Plan: Below Plan: Up significantly Up slightly No Change Construction Down slightly
0 45 55 0 24 29 24
FL GA LA MS TN District 27 0 0 0 0 10 36 50 0 33 0 35 36 50 100 67 100 55 23 0 0 0 17 8 31 13 50 33 0 24 15 13 25 33 17 22 23 25 25 0 50 25
Down significantly Up significantly Up slightly No Change Down slightly
24 0 17 39 22
8 15 54 8 15
50 13 0 25 13
0 25 50 25 0
33 0 50 0 0
17 33 17 17 0
22 12 27 24 14
Down significantly Up significantly Up slightly No Change Down slightly
22 0 20 40 8
8 0 13 63 0
50 8 8 46 0
0 0 29 29 0
50 0 33 33 0
33 14 0 71 0
24 3 15 48 3
Down significantly Up Selling Price No Change Downs Up Material Price No Change Down Up Inventory of Unsold Homes No Change Down More Difficulty Filling Positions No Change Less Up 6% + Up 5-6% Up 4-5% Labor Costs Up 3-4% Up 1-3% No Change Down
32 0 33 67 12 47 41 19 13 69 0 36 64 0 0 0 0 6 31 63
25 0 17 83 0 33 67 8 0 92 8 25 67 0 0 0 0 0 42 58
38 13 13 75 0 63 38 0 33 67 0 57 43 0 14 0 14 14 43 14
43 0 50 50 0 75 25 0 33 67 0 0 100 0 0 0 0 0 0 100
33 0 50 50 0 33 67 0 50 50 0 0 0 0 0 50 0 0 50 0
14 17 0 83 0 17 83 25 0 75 0 20 80 0 0 0 0 0 20 80
31 4 23 72 4 44 52 12 14 74 3 32 65 0 2 2 2 4 33 56
Sales
Buyer Traffic
Regional Housing Update October 2009
Residential Real Estate Survey
Reports from District Realtors indicated that home sales in the region improved during September on a year-over-year basis, up slightly. In September, nearly half of respondents reported that sales increased following reports in August, where nearly half reported sales declined. Improved sales in September were strongest among Florida and Georgia contacts with the majority reporting year-over-year gains. District buyer traffic softened somewhat in September but half of the contacts reported that traffic levels remained above the year earlier level. Listing inventories exceed the year earlier level in. The outlook for sales over the next three months continued to weaken in September but remained slightly positive.
District Home Sales Curent Activity vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
District Home Sales Activity over the Next 3 Months vs. Year Ago 1.0 Key: +1 = Increase 0 = No change -1 = Decrease
0.5
0.0
-0.5
-1.0 06
07
08
AL, LA, MS, TN
Florida
09
GA
Regional Housing Update October 2009
Inventory of Homes For Sale vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
09
District Home Sales Selling Price vs. Year Ago 1.0
0.5
0.0
-0.5
-1.0 06
07
08
AL, LA, MS, TN
FL
09
GA
Regional Housing Update October 2009
District Realtor Responses: September vs. a Year Ago Responses in terms of percent, may not sum to 100 due to rounding
AL Above Plan Activity compare to plan: At Plan: Below Plan: Up significantly Up slightly No Change Total sales Down slightly
8 31 62 7 11 22 30
FL GA LA MS TN District 13 20 0 0 11 11 50 20 0 0 44 35 38 60 100 100 44 54 32 0 0 0 0 11 53 57 100 25 41 35 5 0 0 25 18 15 0 0 0 0 24 16
Down significantly Up significantly Up slightly No Change Down slightly
30 11 22 22 11
11 39 44 6 6
43 0 43 14 14
0 0 100 0 0
50 0 25 25 25
18 6 41 29 18
24 15 35 19 12
Down significantly Up significantly Up slightly No Change Down slightly
33 6 17 50 17
6 21 14 21 29
29 0 0 0 40
0 0 0 0 0
25 0 100 0 0
6 0 6 65 12
19 7 14 40 19
Down significantly Up significantly Up slightly No Change Down slightly
11 0 15 19 52
14 0 0 6 28
60 0 14 14 29
100 0 0 0 100
0 0 0 0 100
18 0 6 18 47
19 0 8 14 46
Down significantly Up Inventories of Unsold No Change Homes Down Up significantly What are your expectations for Up slightly No Change sales over the next three months compared with the Down slightly
15 46 15 38 0 36 20 32
67 35 6 59 16 53 11 16
43 60 0 40 0 43 0 29
0 0 0 100 0 0 100 0
0 0 100 0 0 0 50 50
29 59 35 6 0 33 22 28
32 44 21 34 4 38 19 27
Down significantly
12
5
29
0
0
17
12
Buyer Traffic
Condominium sales
Overall Sales Prices
prior year level?
Related Documents
Regional Housing Update 10-2009
June 2020 12
Vancouver Housing Market Update
October 2019 13
Regional Housing Initiative May 2007
October 2019 13
Housing
April 2020 43
Housing
October 2019 54