Reply to Did Reports on New Homes Sales Bury the Lede?

Forum Index » Real Estate

Reply to "Did Reports on New Homes Sales Bury the Lede?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]"Some of the housing price rebound experienced in recent years has been driven by bottom feeding by institutional investors snapping up distressed properties to repackage as rentals, say Louise Keeley and Kathy Botjancic in “A Tale of 2000 Cities.” That force has largely played itself out. The prime driver now is household formation, which should snap back to 1.3 million net new households yearly, the report says.

Overall, housing construction will remain restrained. And the housing type will shift:

In every state … the number of single-family home completions will remain below the previous peak over the five-year period. This is to be expected, given that speculative fever pushed single-family housing construction well above what the underlying fundamentals could support over the longer term. By contrast, completions of multi-family homes will continue to rise in many states and remain at a higher share of total completions than pre-crisis, reflecting a shift in demand from owners to renters."

http://www.baconsrebellion.com
May 22,2014[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics