Friday, October 27. 2006Q3 for-sale-only vacanciesComments
Display comments as
(Linear | Threaded)
The spec buildout esp high-end may not only be out of reach rent-wise, but also geographically to those who can fund those rents closer to their work place?
Those spec houses this time around are owned by wealthier people who do not need to rent them, who can suffer the time it takes to sell rather than the thought that some perfect strangers were soiling the bathrooms? As completions accrue and sales falter, this ratio vacancies/owner occupied housing stock climbs --not surprisingly, but maybe this is your point: a glistening measure of overhang when compared to the past 50yr performance? The puzzle for me is: what is the puzzle for you? Why is the ordinary housing supply number not a satisfactory measure for you? Should I be fussier? I'm tryin...
There are two things that puzzle me. One, why was the recent change in for-sale vacancies so extreme? Two, how can vacancies be at historic highs when months supply of new homes is high, but well shy of previous highs? Cf http://www.bignose.org/blog/index.php?/archives/116-New-home-sales-and-months-supply.html
It isn't that I'm surprised vacancies and months supply are up. It's that vacancies are up so hard, without months supply moving as much. |
QuicksearchCategoriesBlog Administration |
For-sale-only and for-rent total vacancy rate, 1965-2006 I have been puzzling about for-sale-only vacancies. The chart above takes the broader view of looking at for-rent and for-sale-only vacancies as a rate of all owner-occupied, rented, and for-rent
Tracked: Oct 28, 20:33
Existing home inventories and median sales prices, 2003-2006 The NAR released existing-home sales data for October today. Here is a quick-and-dirty chart of prices and inventories using their numbers. While I much prefer deflating the OFHEO's repeat-sa
Tracked: Nov 28, 16:16
Mortgage of index home at index rate, percentage ofmedian four-person family income, 1986-2006 The OFHEO released its housing price index for Q3 today. Repeating my Q1 analysis, I take a median-price home (per the NAR currently $221,000), apply the HPI
Tracked: Nov 30, 19:12
Trailing-year new home sales, percentage of owner-occupied housingvs year-over-year civilian, noninstitutional population growth Months supply of new homes is high, but it was higher during the last residential housing peak in 1989. For-sale-only vacanc
Tracked: Jan 07, 04:38
For-sale-only housing vacancies as percentage of owner-occupied housing Vacancies were even higher in Q4 than in Q3, itself no slouch. Given new-home sales still exceed likely household formation rates, I do not think the bottom is in. FD: short ho
Tracked: Jan 29, 19:21