Sentences with phrase «homebuilding activity»

A shortage in housing — caused by a drastic slowdown in homebuilding activity — has pushed up home values too much in some areas and made rents unusually high, according to the National Association of REALTORS ®.

Housing was largely positive entering the spring / summer season, with various indicators such as home prices, home sales, and homebuilding activity showing signs of long - term improvement toward normal levels.

Homebuilding activity for all housing types is underperforming in about two - thirds of 146 metros measured and that has prompted a significant drop in available homes for sale, according to NAR.

Although certainly an improvement from the depressed levels of 2009, until 1) the labor market recovery gains any serious traction, 2) lending standards are less stringent and 3) the glut of distressed properties is worked off, gains in homebuilding activity will remain modest.

As it turns out, the factors that most explain the variation in homebuilding activity across the 100 largest metros are employment growth, income growth, and home price growth.

Last, home price appreciation is positively correlated with homebuilding activity across the largest U.S. metros.

Lawrence Yun, NAR chief economist, says a large swath of the country continues to be plagued by inventory shortages exasperated by critically low homebuilding activity.

The findings revealed that homebuilding activity is currently insufficient in a majority of metro areas and is contributing to the ongoing housing shortages and unhealthy price growth in many markets.

«Lagging homebuilding activity continues to hamstring overall housing supply and is still too low in relation to this year's promising job growth,» says Yun.

«With homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent — and in many markets at a rate well above income growth,» Yun explained.

Apr 18, 2018 - Homebuilding activity in the United States showed an unexpectedly sharp increase last month.

Indeed, all 12 Fed Districts reported an increase in home sales, homebuilding activity, and home prices.

Not exact matches

The company's share of the homebuilding market in the western United States experienced the worst blow, with a drop in market activity of nearly 60 percent.