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Membership is open to members of any Washington State Home Builders Association affiliated with the BIAW. Annual New Home Council dues are $50.00 per year. First year dues are waived to promote membership. Note: If you’re not already a member, note that when you join your local home builders local association, you automatically become a member of all three levels of the National Association of Home Builders federation, including National (NAHB) Washington State (BIAW) and your local association.
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I hate loose change. What I once loved as a small child, collecting shiny pennies, nickels, dimes and, when lucky, even quarters, has become a nuisance, weighing down my pockets and setting off the metal detectors at airports and government buildings. Panhandlers on the street are less than grateful and usually sneer when you actually give them your “loose…Continue
Overall the housing market is still robust. Although Existing Home Sales, New Home Sales and Mortgage Applications were weaker along with stronger Housing Start data, the Case Shiller index was surprisingly still strong. The economic conditions appear to be sending mixed signals to the market with lower interest rates and higher inflation which may reflect a higher level of uncertainty and confusion.
Other than that it looks like this year is…Continue
The supply and demand data for the month of March tend to support stable prices at elevated levels for now. With the Case-Shiller index at well over the fair value of 1 and interest rates ticking a little lower to stimulate demand, contrary supply data supports lower prices.
It is a pretty calm period for now but it may be the quite before the storm! I thought a cartoon may amuse you this month! Enjoy…Continue
Congratulations to the Seahawks! The year is starting off great for the us in the Pacific Northwest. Hopefully, the housing market will be just as kind to us in this area. Looks like there may be some headwinds ahead for the overall market. The weaker supply and demand data shows a market that appears to be fatigued. With the Case-Schiller index still at elevated levels, interest rates at relatively low levels and the Consumer Price Index flat, there appears to be…Continue
Happy New Year Members!
Two notable statistics really caught my eye this time around. New Home sales surged in October, but later fell a little in November and Housing Starts exploded in November. The large increase in supply appeared to have mitigated the potential impact of the strength in demand on prices. Although the Case Shiller index inched forward, the supply and demand factors had a "wash" effect. (see the attached for additional comments and stats)
We are at a…Continue
Most economists and industry pundits agree that the housing market in 2014 will continue to improve but there is no doubt that we will still be faced with strong competitive conditions and cautious buyers. My recommendation to my developer and…Continue
Supply was up for the month as indicated by the stronger than expected Building Permit data and demand was weaker. Also, Housing prices came in a bit weaker than forecasts. (see the attached)
However, the Case-Shiller Index was actually stronger, most likely due to subdued inflation which is currently at a lowly 1%. This gets to the topic of conversation among a number of "talking heads" recently...Inflation. So I thought it might be interesting for us to look…Continue
This came from Hanley Wood and is called " Start Fresh, Buy New" Damn good stuff.