A continuing increase in new single-family house sales has fueled the substantial increase in the NAHB/Wells Fargo Housing Market Index (HMI) to 46 in November. This indicates that nearly one half of surveyed home builders are positive about future sales of single family houses. This is a strong increase from the HMI of 41 in October. The HMI had reached its low point in the midst of the housing bus in January 2009 at 8 and is now higher than at any point in more than six years. read more »
The Economist reminds readers of the economics of housing (or for that matter, oil or any other good or service): constraining the supply of a good or service in demand raises its price. In a 14-page feature on London, The Economist decries the high cost of housing in London. read more »
The Oregonian reports that suburban Hillsboro's first mixed use condominium development is no more. Washington Street Station, was built near the suburb's small but historic downtown (see Note on Hillsboro). read more »
A survey by TD Bank indicates that 84 percent of people 18 to 34 years old intend to buy homes in the future. This runs counter to thinking that has been expressed by some, indicating that renting would become more popular in the future. read more »
Some may have never heard of the term exurbia before now. According to the free on-line dictionary it means: The exurbs collectively; the region beyond the suburbs.
Exurbia to me is an expression that defines a free range lifestyle. Where I live there is space, nature surrounds my house, I can play music as loudly as I care to, trails connect me to beautiful places, when a recipe calls for lemons or rosemary, I can walk outside and collect whatever I need, and a seasonal garden provides all the abundance I require to make healthy and organic meals. read more »
Differing views on the future of California urban areas are the subject of a California Senate Republican Caucus report (Briefing Report: Attack On The Suburbs: SB 375 And Its Effects On The Housing Market). read more »
Newgeography.com lost a one of its first columnists, a regular contributor and good friend with the passing of Owen McShane.
Owen McShane (Robert Ivan Owen McShane) was born in 1941 and died on March 6, 2012. His long and successful career in public policy was built on a strong academic foundation. read more »
Our 8th Annual Demographia International Housing Affordability Survey included the Saginaw, Michigan metropolitan area, which we noted had the lowest Median Multiple (median house price divided by median household income) among the included 325 metropolitan areas. This made Saginaw the most affordable metropolitan market, principally due to depressed economic conditions. read more »
Anyone familiar with housing affordability in the Washington (DC-VA-MD-WV) metropolitan area is aware that prices have risen strongly relative to incomes in the last decade.
However, a recent Washington Post commentary by Roger K. Lewis both exaggerates the contribution of higher construction costs and misses the principal factor that has driven up the price of housing: more restrictive land-use regulations. read more »