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Blog Entries By Sam Khater

Housing Starts Rise, but Completions Lag Behind

Sam Khater    |    Housing Trends

Housing starts rose smartly in September, driven by the multifamily sector, but completions are not matching that hot pace, especially for low-end homes.

The implication is clear: with demand rising but supply in the form of completions slowing, there will be more pressure on home prices to rise, especially the low end due to the Federal Housing Administration’s decision in...

The Size of the Mortgage Market in 2015

Sam Khater    |    Mortgage Performance

Three weeks before the Federal Financial Institutions Examination Council (FFIEC) released the 2014 Home Mortgage Disclosure Act (HMDA) data, CoreLogic estimated what the “headline” numbers would be. The actual HMDA numbers came out on September 22. So, how did we do in our September 2 estimate?

First, a little background: HMDA gets its data from data submissions of...

The State of the Nation’s Housing

Sam Khater    |    Housing Trends

Today the Joint Center for Housing Studies of Harvard University released the 2015 State of the Nation’s Housing report, which highlighted four main trends. First, homeownership rates by age are declining faster than the overall rate. Second, the rental boom is not only driven by millennials, but also by older households. Third, rental burdens are high and spreading beyond low-income...

What are the Most Active New Sales Markets?

Hint: Think Country Music

Sam Khater    |    Housing Trends

New home sales have totaled 441,000 over the last 12 months ending in January, up 3 percent from a year ago1. While still below the 660,000 annual average of the last 50 years, the national and regional data available from the Census Bureau mask local pockets of strength. In this post, we use public record deeds as the source of new home sales to examine patterns in the 50...

February 2015 Economic Outlook

Sam Khater    |    Housing Trends

  • Employers have added over 1 million people to their payrolls in the last 3 months; the largest increase in 18 years
  • Oil price drop has done more to increase consumer confidence than five years of economic growth
  • Soaring consumer confidence bodes well for new home sales and residential construction
  • Key oil market home price overvaluation much smaller...