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Builder confidence remained high in February, and their confidence in future sales expectations even reached a post-recession high. NAHB explained builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth.
housingwire.com

Privately owned housing starts came in at a seasonally adjusted annual rate of 1.33 million in January, according to the latest release from the U.S. Census Bureau. This is up 9.7% from the revised December estimate of 1.21 million, and up 7.3% from last year’s 1.24 million.

And while most of this strong pace was set by multifamily starts, single-family housing starts increased as well, rising 3.7% from December’s 846,000 to 877,000 in January.

“Terrific news on housing starts in January with a solid 10% gain,” said Lawrence Yun, National Association of Realtors chief economist. “This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.”

Housing starts increased in January, starting 2018 off at a strong pace; however, it is unclear if that pace will continue. While some experts are predicting a booming year for housing starts, others say January’s pace could have been better.
housingwire.com
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Fourth Quarter Home Prices Up 5.3 Percent; Nearly Two-Thirds of Markets at All-Time High
Posted on February 15, 2018 by Admin
Washington, D.C. – February 13, 2018 (nar.realtor) An uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace, according to the latest quarterly report by the National Association of REALTORS®.

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NAR’s quarterly Metropolitan Median Area Prices and Affordability report provides a breakdown of condo and co-op prices by metro market.
nar.realtor

www.illinoisrealtors.org
The Illinois housing market closed out 2017 with annual gains in both sales and median prices as homes sold quickly amid historically low inventory levels.

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www.illinoisrealtors.org
The Illinois housing market closed out 2017 with annual gains in both sales and median prices as homes sold quickly amid historically low inventory levels.

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NAR Chief Economist Lawrence Yun says he doesn't see recent stock volatility impacting home sales right now.
youtube.com

Idaho was the most popular state for buyers moving with a 65.1% inbound rate in 2017
Illinois was the least desirable with a 62.4% outbound move rate
There were 72,986 total cross-border moves in 2017, down from 75,427 in 2016

The 10 U.S. states with the highest percentage of inbound moves and outbound moves are included in order below, and Idaho is the study’s inbound leader for a second year in a row. While Illinois has classified as outbound since 2009, the state has the h...ighest percentage of outbound moves in the country in 2017.

INBOUND:
Idaho (65.1 percent)
Washington (62.5 percent)
Nevada (62.4 percent)
Tennessee (60.6 percent)
Alaska (60.4 percent)
Maine (59.7 percent)
North Carolina (59.3 percent)
Oregon (57.5 percent)
Alabama (57 percent)
New Hampshire (55.7 percent)
OUTBOUND:
Illinois (62.4 percent)
West Virginia (60.4 percent)
Nebraska (60.3 percent)
South Dakota (59.9 percent)
Hawaii (59.8 percent)
Indiana (59.7 percent)
Delaware (59.6 percent)
New York (59.2 percent)
Louisiana (57.9 percent)
Kansas (57.7 percent)

TOP 10 INTERNATIONAL DESTINATIONS
Texas
California
Virginia
Germany
South Korea
Japan
Hawaii
Washington
Florida
England
TOP 10 INTERNATIONAL ORIGINS
South Korea
Germany
Saudi Arabia
Virginia
Japan
Okinawa
Texas
Hawaii
California
England
https://www.atlasvanlines.com/migration-patterns

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The gap between home prices and wage growth has been expanding for some time now, and many buyers are having immense difficulty finding affordable housing options. Taking into consideration aspects like high-rated school districts…
realestatedaily.com
Utah, North Carolina and Nebraska lead Forbes’ annual study of the states with the best business climates.
forbes.com
Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings.
bloomberg.com
Tallest Building in Western US to be Built by 100% Minority Group’s $1.2B Development After Unanimous Selection by LA City Council Posted on February 11, 2018 By realejuicey Angels Landing Partners LLC, a 100% minority-owned team comprised of the Peebles Corporation, MacFarlane Partners and Clarid...
realestatejuice.com

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In 2016, Latinos accounted for 75 percent of the net growth in overall U.S. home ownership. “Millennials and Hispennials are the biggest waves in home buying,” says the CEO of New American Fu…
ocregister.com

“Over the past year, continued home price growth has helped spur a sizable increase in the net share of consumers who say it’s a good time to sell a home but also a modest weakening in the net share who say it is a good time to buy,” said Doug Duncan, Fannie Mae senior vice president and chief economist.

Americans are increasingly expecting home prices to rise as those who said they expect home prices to go up over the next 12 months increased eight percentage points in January to 52%, a new survey high. But even as they expect home prices to rise, the share of Americans who say mortgage rates will fall in the next 12 months increased two percentage points to -50%.

Fannie Mae’s latest survey shows Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices. Over the past year, home prices have continued to rise, threatening affordability, and housing inventory is falling dangerously low. However, desp...
housingwire.com

REALTORS® Typically Expect Home Prices to Increase 3% in 2018
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?”

Among the REALTOR® respondents who responded to the December 2017 survey, the median expected price change for the next 12 months was 3.1 percent, according to the Decembe...r 2017 REALTORS® Confidence Index Survey.[1]

The map below shows the median expected price change of the respondents in the next 12 months at the state level for surveys conducted in October—December 2017. REALTOR® respondents from Washington and Nevada had the highest median expected price growth of more than five to seven percent. In Colorado and Florida, the median expected price growth was four to five percent. Worth noting is that even in states with high property tax rates or property prices, such as New York, New Jersey, Connecticut, and California—states which are the most affected by the Tax Cuts and Jobs Act that put a cap on total itemized deductions property and state and local taxes — respondents expect either no change or a modest price appreciation of at most two percent.[2]

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The Express brand, the builder’s lower-margin business which caters to first-time homebuyers, made new homes affordable to younger generations despite stricter lending standards and rising land prices, according to an article by Arunima Banerjee for Reuters.

In fact, Express homes made up more than one-third of homes sold and more than one-fourth of total home sales in the latest quarter, the company reported Wednesday, according to the article.

Four years ago, homebuilder giant D.R. Horton created its line of affordable homes targeted at first time homebuyers, which are now becoming increasingly more popular. In fact, Express homes made up more than one-third of homes sold and more than one-fourth of total home sales in the latest quarter.
housingwire.com
Housing starts in Las Vegas, Nevada, surged to housing boom levels at the end of 2017. However, these new homes are increasingly being built as more expensive, trade-up homes. In 2016, 42% of homes built were priced below $300,000, but in 2017, only 21% were built below that price line.
housingwire.com