Regional Housing Market Outlook presented to Home Builders & Remodelers of Central New York March 14, 2008 Robert Denk ASVP, Forecasting & Analysis.

Slides:

Advertisements

Similar presentations

M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session.

Advertisements

The Washington Area Economy and Outlook Stephen S. Fuller, PhD Dwight Schar Faculty Chair and University Professor Director, Center for Regional Analysis.

Economic Update by Doug Duncan Chief Economist Fannie Mae American Land Title Association October 17, 2008 Kaua’i, Hawaii.

National Economic Indicators Ray Owens May 20, 2014.

Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research December 2014.

Home Trends & Millennials’ Home Preferences JANUARY 21, 2015 || 8:00 – 9:00 AM Presenter: Rose Quint || NAHB Economics, Washington, DC.

Keith Phillips, Sr. Economist and Research Officer 2014 Mid-Year TX Economic Outlook: Strong Growth to Continue.

Housing Market Outlook Silicon Valley Association of REALTORS® April 1, 2008 Robert A. Kleinhenz, Ph.D. Deputy Chief Economist California Association of.

CALIFORNIA HOUSING MARKET FORECAST June California Housing Market Outlook SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Witten Market Advisory Services Market insights for apartment owners, developers, investors and lenders Market-Smart Investment Decisions Advisors October.

NEW HOME MARKET OVERVIEW Presented to: McHenry County Council of Governments.

Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research April 2015.

Office of the Chief Economist The Housing Outlook David F. Seiders Chief Economist Presentation to: The NAHB Construction Forecast Conference April 26,

Update on the New England Economy and Housing Markets Alicia Sasser, Senior Economist New England Public Policy Center Federal Reserve Bank of Boston New.

January 18, 2011 Dr. Stanley D. Longhofer WSU Center for Real Estate.

January 13, 2011 Dr. Stanley D. Longhofer WSU Center for Real Estate.

Prince William Chamber of Commerce October 13, 2011 What Kind of Recovery Has It Been and the Outlook for the Economy’s Future Stephen S. Fuller, PhD Dwight.

Don’t believe the national headlines… 4.2% “The housing market was socked by bad news for the third consecutive day…” Wichita remains an island of calm.

CALIFORNIA HOUSING MARKET FORECAST April CALIFORNIA HOUSING MARKET OUTLOOK SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

©2014 CoreLogic, Inc. All rights reserved. Proprietary & Confidential Slow and Steady Wins the Race: Housing Market Outlook David Stiff, Principal Economist,

Arizona: After The Housing Boom Arizona: After The Housing Boom ACMA Conference July 24, 2008 Lee McPheters Professor of Economics W. P. Carey School of.

House Prices: Boom or Bust? Richard A. Brown Chief Economist Federal Deposit Insurance Corporation October 25, Fall Construction Forecast Conference.

March 2008 The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means, including facsimile.

The Washington DC Housing Market: Trends and Outlook Housing Association of Non-Profit Developers December 11, 2014 Lisa A. Sturtevant, PhD Vice President.

Testimony for Hearings on FY 2010 Revenues Yolanda K. Kodrzycki Senior Economist and Policy Advisor Federal Reserve Bank of Boston Presented to: Massachusetts.

Comments on Housing and Mortgage Markets Part I American Securitization Forum Las Vegas, NV January 30, 2006 Amy Crews Cutts Deputy Chief Economist.

Housing and Economic Outlook David F. Seiders Chief Economist October 25, 2006.

Economic Headwinds and Policy Concerns for New Home Construction Robert Dietz, Ph.D. Vice President Tax and Market Analysis NAHB Economics December 18,

An Economic Prognostication for 2008 Massachusetts Mortgage Bankers Association West Newton, MA May 16, 2008 Frank E. Nothaft Chief Economist.

Economic Update February 2012 Ryan Wang, US Economist HSBC Securities (USA) Inc

NYS Department of Labor, Division of Research and Statistics Frank M. Surdey, Managing Economist May 2008 Labor Market and Demographic Trends in Greene.

The South Carolina and Santee-Lynches Economies: Recession, Recovery, Then What? Dr. Don Schunk Research Economist Center for Economic & Community Development.

Dodge City Economic Outlook Conference October 24, 2013 Dr. Stanley D. Longhofer WSU Center for Real Estate.

National Association of Home Builders 2006 Fall Construction Forecast Conference House Prices: Boom or Bust? October 25, 2006 David W. Berson Vice President.

Using the book to understand the state of the U.S. economy – last class, December 14, 2005 Francesco Giavazzi.

1 January 25, Nebraska Profile 2006 NEBRASKA PROFILE Fourth Edition  State, Nine Regions, and 93 Counties  Demographic Change in the State 

Salina Economic Outlook Conference October 18, 2013 Dr. Stanley D. Longhofer WSU Center for Real Estate.

ECONOMIC AND HOUSING OUTLOOK David Crowe Chief Economist Blue Ridge Home Builders Association February 27, 2014.

MAY WORKFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS)

1 The Economic Outlook for Connecticut Rae D. Rosen Senior Economist and Assistant Vice - President Federal Reserve Bank of New York September 9, 2004.

1 DOMESTIC ECONOMIC CONDITIONS Jeff Fuhrer Director of Research Federal Reserve Bank of Boston Equipment Leasing and Finance Association Credit and Collections.

1 The Regional Economic Outlook Rae D. Rosen Senior Economist and Assistant Vice - President Federal Reserve Bank of New York January 5, 2006.

Housing and Economic Outlook National Association of Local Housing Finance Agencies April 26, 2012 David Crowe Chief Economist.

Testimony for Hearings on FY 2008 Revenues Yolanda K. Kodrzycki Senior Economist and Policy Advisor Federal Reserve Bank of Boston Presented to: Massachusetts.

Using Data to Track Local Housing Markets APDU Annual Conference Washington, DC September 24, 2008 Frank E. Nothaft Chief Economist.

Components of the Housing Stock Total Stock119,297120,834122,187123,925126,012 Occupied104,965105,560106,588108,231109,575 Owner71,27872,05473,57574,55375,380.

Maryland’s Economic Outlook & Housing Market Daraius Irani, Ph.D., Executive Director The Governor’s Housing Conference 2013 | Opening Session.

Northern Kentucky/Greater Cincinnati 2015 Forecast Cincinnati Consensus Forecasting Committee Prepared October 2014.

Briefing on the Regional Economy Rae D. Rosen Senior Economist Federal Reserve Bank of New York September 5, 2002.

Is There Trouble With The Bubble? Presented by: Gregory H. Leisch, CRE November 14, 2005.

UTAH HOUSING CORPORATION 2006 HOUSING CREDIT CONFERENCE JAMES WOOD BUREAU OF ECONOMIC AND BUSINESS RESEARCH DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY.

Santee-Lynches Economic Forecast Presented by: Santee-Lynches Regional COG & The BB&T Center for Economic and Community Development at Coastal.

UTAH HOUSING MARKET: CYCLES AND CONDITIONS JAMES WOOD BUREAU OF ECONOMIC AND BUSINESS RESEARCH DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH APRIL.

Business Bankruptcy Filings Source: Administrative Office of the U.S. Courts.

NAHB/Realtors What Buyers Want. Type of Home Preferred (Percent of Respondents) Source: “What Home Buyers Really Want”, National Association of Home Builders.

U.S. Housing Outlook Presented By: Stanley F. Duobinis, Ph.D. President Crystal Ball Economics, Inc.

HOUSING AFFORDABILITY IN CALIFORNIA November 12,2015 San Jose Hearing Oscar Wei, Senior Economist.

BANK OF UTAH OFFICER’S MEETING UTAH’S ECONOMIC FORECAST JAMES WOOD BUREAU OF ECONOMIC AND BUSINESS RESEARCH DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY.

CALIFORNIA HOUSING MARKET FORECAST June U.S. HOUSING MARKET OUTLOOK SERIES: U.S. Existing home sales of single-family homes and condo/coops SOURCE:

1 The Economic Outlook for Connecticut Rae D. Rosen Senior Economist and Public Information Officer Federal Reserve Bank of New York January 21, 2004.

The Housing Market ‘Reset’ and its Implications for Housing Policy Alan Mallach Non-resident Senior Fellow The Brookings Institution.

UTAH HOUSING MARKET: CYCLES AND CONDITIONS JAMES WOOD BUREAU OF ECONOMIC AND BUSINESS RESEARCH DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY OF UTAH MARCH.

Brad O’Connor, Ph.D. Chief Economist FloridaRealtors®

Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC LAEDC Economic Forecast & Industry Outlook Office of the City Controller,

USA REAL ESTATE Dana Conway, Realtor Adv. Communications Skills.

Economic impact of real estate activity

Housing Supply and Home Prices

National Association of Realtors Regional Workforce Housing Summit

Exhibit 1:Summary Table

Presentation transcript:

Regional Housing Market Outlook presented to Home Builders & Remodelers of Central New York March 14, 2008 Robert Denk ASVP, Forecasting & Analysis

US Single Family Housing Starts Thousands of Units, SAAR Source: US Census Bureau, NAHB

Local Local Local Local Local Local Local LocalLocal LocalLocal LocalKey Factors:Local LocalLocal LocalEconomic –Local LocalIncome, Employment,Local LocalPopulationLocal LocalLocal LocalHousing Market –Local LocalHouse Prices,Local LocalInventoriesLocal LocalLocal LocalSpecial –Local LocalSubprime ExposureLocal LocalLocal Local Local Local Local Local Local Local LocalLocal

Source: US Bureau of Labor Statistics

Source: Office of Federal Housing Enterprise Oversight (OFHEO)

Source: OFHEO

(un)Affordability Source: US Census Bureau, National Association of Realtors Median House Price / Median Income

Source: Mortgage Bankers Assn, National Delinquency Survey

The Good, the Bad, and the Ugly Source: US Census Bureau Single Family Building Permits, Thousands of Units, SAAR

Houston, TX Source: US Census Bureau, OFHEO Single Family Building Permits, ThousandsPercent Change in Prices

Baltimore, MD Source: US Census Bureau, OFHEO Percent Change in PricesSingle Family Building Permits, Thousands

Cape Coral, FL Source: US Census Bureau, OFHEO Percent Change in PricesSingle Family Building Permits, Thousands

Syracuse, NY Source: US Census Bureau, OFHEO Percent Change in PricesSingle Family Building Permits, Thousands

(un)Affordability Source: US Census Bureau, National Association of Realtors Median House Price / Median Income

US: -25% Single-Family Permits Growth (YTD_Dec’07 over Average YTD_Dec’00-Dec’03) <= -41% -41% to -31% -31% to -21% -21% to -11% -11% to 0% >0% Source: US Census Bureau

<= -41% -41% to -31% -31% to -21% -21% to -11% -11% to 0% >0% Single-Family Permits Growth (YTD_Dec’07 over Average YTD_Dec’00-Dec’03 ) US: -25%

Single Family Housing Starts US - Thousands of Units, Syracuse - Number of Units, SAAR Source: US Census Bureau, NAHB US Syracuse

Contact Info: Robert Denk ASVP, Forecasting & Analysis