Posts Tagged ‘construction’

New Home Sales Less Than Half of Historical Norms

Posted on June 13, 2017 by Laura Lam

The current level makes up 88.3% of the 50-year average, according to a report from Trulia. However, new home sales are unable to keep up with the rate of total sales.  How many new home sales do we need for the market to look normal?  According to Trulia Chief Economist Ralph McLaughlin, if we compare the share of new home sales to total sales, that share needs to more than double.  “In April, new home sales made up about 11.9% of all home sales, which is less than half of the historical average of 23.6%,” McLaughlin said. However other experts explain…

It Will Be Harder to Find a Home This Year

Posted on February 07, 2017 by Laura Lam

According to several recent industry reports, the amount of residential housing available for sale is low. In fact, according to Pro Teck Valuation Services’ Home Value Forecast for December 2016, residential housing supply has declined by 125% in two years. “The drop in housing starts post-crisis made inventory scarce, which as a result led to low Months of Remaining Inventory (MRI) and fierce competition for homes on the market,” said Tom O’Grady, CEO of Pro Teck Valuation Services.  This is most notable in metros like Dallas and Fort Worth, TX. MRI is defined as the current number of active listings divided by…

Business Equipment Purchases To Increase in Late 2013

Posted on April 09, 2013 by Saldutti

The Equipment Leasing & Finance Foundation is now predicting that investment in equipment and software will grow 5.6% in the U.S. in 2013.  That’s up from a previous 2.9% growth forecast that the foundation made in December. William Sutton, the foundation’s president, said that 2013 “will be a tale of two halves,” with sluggish growth in the first half of the year, followed by a pick-up in overall economic activity in the second half of the year.  “On balance, we expect the positives to outweigh the negatives as businesses begin to feel more confident and ready to invest in capital…