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Monday Morning Memo 10.13.14

Posted By Alison Chludzinski, Monday, October 13, 2014

August 2014 Virginia Tech Housing Report

August data can be viewed as representative of the 2014 housing market to date. Certain subsectors performed okay, and many sectors were disappointing. There has been a lot of volatility in the data, this is expected in multifamily reporting - but not for other sectors. For instance, housing starts and new house sales data has been volatile - and this is not typical.

What does this volatility represent? We have to be patient and pay keen attention to the next few months of reporting.

As written in previous months, the near-term outlook on the U.S. housing market remains unchanged. There are potentially several negative macro-factors or headwinds at this point in time for a robust housing recovery (based on historical long-term averages). Once the economy improves, we should expect to see housing increase as well. Why?
1. Lack-luster household information
2. A lack of well-paying jobs being created
3. A sluggish economy

Learn more about these factors in the August 2014 Housing Report here.

Each month you can access specific data on new housing starts, existing home sales and construction spending, and feature analysis on overall impact to the economy and your business. These monthly housing reports are provided courtesy of Virginia Tech. Remember to take advantage of all the exclusive industry reports and research available to you as an NAFCD member. Visit the Members Only section of the website to access more reports, username and password required.

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Tags:  annual convention  Dallas  Monday Morning Memo  nafcd + nbmda annual convention  Sal Guinta  Speaker Spotlight  Virginia Tech Housing Report 

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