new constuction: Market Update at Glance december 2013 End of the Year
- 01/11/14 03:45 AM
December 31st 2013 “End of the Year, Dichotomies” Wow another year and it went by at light speed. 2013 was a two part year, the first half a rocket ship headed for the best year Yellowstone County has ever seen, the second half, while good, had changed dynamics and we ended still 10.62% fewer homes sold than 2006 the peak year for number of sales in Yellowstone County. First I will look at the changes from year end 2012 to year end 2013, and second, I will and look at second half of 2013. In single family permits we see … (0 comments)
new constuction: BABY BOOMERS AND OTHER MYTHS
- 01/08/13 02:37 AM
RECENTLY WAS READING AN ANALYSIS OF WHAT IS TRANSPIRING IN THE LABOR FORCE ON ONE OF THE GREAT TENANTS THE REASON THE NUMBER OF “NOT IN THE LABOR FORCE IS GROWING IS BABY BOOMERS ARE RETIRING AND LEAVING THE WORK FORCE NOT THAT PEOPLE ARE GIVING UP LOOKING FOR WORK. IF PEOPLE WERE GIVING UP LOOKING FOR WORK THAT WOULD MEAN THE UNEMPLOYMENT RATE IS MUCH HIGHER . Not that I am doubting Thomas, yet I wanted to look the information up myself to make sure that i was not passing along :”bad “ information .
so lets look … (0 comments)
new constuction: November National new contruction Numbers
- 01/05/13 10:26 PM
New home contuction continues to show improvement as the genral housing market does. the question is what happens whne the fedral reserve takes away the sugar high of low interst rates. whith rates where they are basically the federal resrve has lowered the interst cost by about 47% since 2007. With that type of boost sales are still 40% below the fity year average which indicates some underlying problems yet to solve .h
new constuction: market update at glance febyary 2012
- 03/06/12 02:30 AM
HERE WE ARE ROARING THROUGH 2012. TWO MONTHS GONE AND TWO MONTHS OF WINTER WITH JUST SOME COOL WEATHER, NOTHING LIKE THE LAST TWO WINTERS IN TERMS OF SNOW. INTEREST RATES ABOUT AT 3.89% FOR A 30 YEAR FIXED RATE MORTGAGE, 20% BELOW LAST YEAR AT THIS TIME; THOSE TWO THINGS COMBINED ARE SHOWING UP IN THE HOME SALES IN YELLOWSTONE COUNTY. CLOSED SALES AT A NICE CLIP ABOVE 2011, IN THE FIRST TWO MONTHS, ALTHOUGH I WOULD CONSIDER IT A BIT OF MISS MATCH OF A COMPARISON WITH THE FACTORS MENTIONED ABOVE. THE REAL BRIGHT SPOT IS THE DECREASE IN … (0 comments)
new constuction: New home contruction Natioanlly end of the year 2011
- 01/30/12 12:20 AM
When reviewing the information about new construction whether permits, starts, or sales, if as many talking heads profess, that housing is “recovering” why are all categories 52 to 59% off the fifty year averages and down 72 to 76% from the peaks. And construction employment has dropped from 8,045,000 million people employed to 5,436,000 million people employed. The question i have to ask myself, if you go from no pulse in intensive care to a pulse are “recovering” or just not dead.
… (1 comments)
new constuction: year end review 2011
- 01/10/12 03:32 AM
2011 END OF THE YEAR REPORT THE GOOD, THE BAD, THE DIRECTION MY FIRST COMMENT ABOUT 2011 IS, I AM GLAD IT IS IN TH REAR VIEW MIRROR. MY BELIEF IS 2011 GOES INTO THE RECORD BOOKS AS THE LOW POINT IN REAL ESTATE UNIT SALES AND MOST PROBABLY PRICING IN THIS REAL CYCLE IN YELLOWSTONE COUNTY. THAT BEING SAID THAT DOES NOT MEAN A BOUNCE IN 2012. WHAT IT MEANS IS, MOST PROBABLY, STABILITY WITH A BIAS TOWARDS AN UPWARD MOVEMENT. THE MOST DIFFICULT ASPECT OF 2011 WAS THE FINANCING ARENA, ALTHOUGH RATES ARE INCREDIBLE, THE HOOPS TO JUMP THROUGH … (0 comments)
new constuction: OWNING CHEAPER THAN RENT?
- 11/20/11 04:16 AM
ONLY ONE OTHER TIME IN THE PAST THIRTY YEARS HAVE I SEEN WHERE IT IS CHEAPER TO OWN THAN RENT IN YELLOWSTONE COUNTY. THAT TIME THE LATE 1980'S, CAUSED BY THE RECESSION AND FORECLOSURES OF THAT PERIOD OF TIME. YELLOWSTONE COUNTY WAS LIKE LAS VEGAS IS NOW WITH OVER 600 FHA REPOS AND 100 VA REPOS ADVERTISED IN THE PAPER EVERY SUNDAY. HOME PRICES HAD FALLEN FROM FORECLOSURES AND POPULATION DECLINE IN YELLOWSTONE COUNTY AND INTEREST RATE HAD DROPPED FROM 13% ON A 30 YEAR MORTGAGE ALL THE WAY DOWN TO THE REASONABLE 9% RANGE. THIS TIME AROUND WE HAVE SEEN PRICES DECLINE SLIGHTLY … (1 comments)
new constuction: National Building permits and starts 11/17/2011
- 11/17/11 04:30 AM
When I look at the numbers they don’t paint a pretty picture starts and permits that include multifamily up 0.2 and 0.6% for the year in actual activity . when looking at the seasonally adjusted numbers every category 53 to 60% off the fifty year average . not what I would call any kind of recovery almost 2 ½ years after the recession “ended”
open house 1 to 3 pm 2242 wst skokie
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