National statistics show a housing market in perfect balance, but extreme regional differences exist between states with high volumes of new construction and states with very little new construction.
Good summary of the current market. Still very much a bifurcated mess, particularly here in Texas. We have DFW submarkets with inventory that is double 2018/2019 levels. When you see a statewide average, remember that real estate markets are national, regional and local.
The main concern is resi-employment. So, if most of the construction occurs in the areas where inventory growth is strongest, that suggests the employment dynamics are likely to worsen. Is there a way to see if new permits are offsetting the work off in backlogs?
Good summary of the current market. Still very much a bifurcated mess, particularly here in Texas. We have DFW submarkets with inventory that is double 2018/2019 levels. When you see a statewide average, remember that real estate markets are national, regional and local.
Excellent. Great maps. Helpful to see difference between Texas and New York, mind boggling, gonna be a slog to work this out. Thank you
Glad you liked it!
The vast regional differences make this a complex situation.
Great stuff. thx.
The main concern is resi-employment. So, if most of the construction occurs in the areas where inventory growth is strongest, that suggests the employment dynamics are likely to worsen. Is there a way to see if new permits are offsetting the work off in backlogs?