s****y
发帖数: 18685 | 1 New report highlights Salt Lake housing market trends
http://fox13now.com/2017/02/28/new-report-highlights-salt-lake-housing-market-trends/
SALT LAKE COUNTY – A new study shows there’s not enough housing to meet
the needs of Salt Lake’s growing communities.
Eric Allen is the director for MetroStudy for the Utah-Idaho region.
Allen studies the market conditions for the Salt Lake Valley. In his latest
report, he concluded that in 2016, a growing demand for homes, coupled with
low inventory due to a labor shortage is driving prices up.
“We're kinda underbuilding in the market. We're not building enough to keep
up with the demand. The problem that the market has right now is we just
don't have enough labor," Allen said.
While new home production was strong during 2016, up 15 percent over 2015,
finding new homes under $200,000 is challenging. The median price for a new
single-family home is $348,500 – up three percent from last year.
“Unfortunately, the builders and developers don't have much control over
that because the landowners are increasing their prices very quickly, and
the labor is short. So, they're increasing their prices,” Allen said.
The report also highlights the concern of affordability. Allen says the
trend shows more people turning to condo’s or townhomes. The median price
for the newly attached unit is $233,000 – five percent increase from last
year, up 1.4 percent from last month supply.
“The affordable housing crisis could very much be on the horizon because we
are certainly pricing people out of the market," Allen said.
Chad Wagstaff is an associate broker for Century 21 Everest Realty Group.
His clients are often looking for used homes, but the problem is, there’s
not a lot on the market.
“Right now, it really is trending towards the seller’s market,” said
Wagstaff. “Buyers that want a great deal or a steal, that's not really
happening, unfortunately, you're paying for full price," Wagstaff said.
Wagstaff was able to find Keaton Baughan a home in Cottonwood Heights.
“With rising interest rates and everything, I thought it was a good time to
get in,” Baughan said.
Baughan did his homework and it worked out.
“The most important things were the location. As I looked at home prices, I
had to increase that more and more," Baughan said.
It’s an investment a lot of people are forced to consider, due to a tight
market where it’s unlikely interest rates will come down anytime soon. | s****y
发帖数: 18685 | 2 SALT LAKE CITY HOUSING 4Q16: 2016 Finishes Strong – the Key in 2017 will be
Delivering Affordable Product
http://www.metrostudy.com/salt-lake-city-housing-4q16-2016-finishes-strong-key-2017-will-delivering-affordable-product/
Metrostudy NewsFebruary 27, 2017
Annual New Home Starts are up 15% over 2015 – and if not for the severe
labor shortage production would have been even higher
The ability to deliver a new home under $200,000 in the Greater Salt Lake
market is diminishing quickly. New home starts in this segment have
decreased 17% compared to last year, while the majority of this activity is
for attached product.
Affordability is a key concern as buyers continue to get pushed out of the
market; The median price for a new Single Family home is currently $348,500,
up 3% from last year
According to Metrostudy’s quarterly lot-by-lot survey, builders in the
Greater Salt Lake market started a total of 10,778 new homes during 2016, 17
% more than 2015. Annual new home closings totaled 9,798 for the year, a 15%
increase over 2015. If not for the severe labor shortage, new home
production would have been even higher, however builders are struggling to
find enough trade labor to build homes, and as such the market can only grow
so fast. New home starts during 4Q16 are up 24% compared to last year, for
a total of 2,884 and closings increased 8%, to 2,554. Annual starts for
Single Family detached homes increased 17% during 2016 for a total of 7,882,
and annual closings totaled 7,264, up 18%. Annual starts for Attached (for
sale) homes totaled 2,896, an 18% increase, and closings rose 7%, for a
total of 2,534. Quarterly starts saw the most dramatic increase with a 52%
increase over 4Q15, for a total of 955.
“New home production during 2016 was very strong, and while not back to
peak levels, the market is definitely experiencing robust growth,” said
Eric Allen, Regional Director of Metrostudy’s Utah/Idaho region. “Still,
the ability to deliver a new home under $200,000 in the Greater Salt Lake
market is diminishing quickly. New home starts in this segment have
decreased 17% compared to last year, while the majority of this activity is
for attached product. The $200,000-$250,000 price segment has increased 15%
since last year, however 70% of homes in this segment are for attached
product. The largest increase has occurred in the $350,000-$400,000 and $500
,000-$800,000 segments, which have both increased 35% compared to last year.”
With only 23% of all new homes built in the last year priced under $300,000,
affordability is an area for concern as buyers continue to get pushed out
of the market. As such, with the pressures of high land prices, low labor
and high demand from out of state buyers, controlling costs is very
difficult for builders. The median price for a new Single Family home is
currently $348,500, which is 3% higher than last year and 1% above last
quarter. The median price for a new Attached unit is $233,000 which is a 5%
increase from last year, and up 1.4% from last quarter.
With the increase in annual starts, vacant developed lot inventory has
decreased 8% since last year. There were a total of 9,384 new lots delivered
to the market during 2016, which is an 18% increase over 2015. There are
currently 13,852 (single family detached) vacant developed lots (VDL) on the
ground, which is down 9% from last year, a 21.1 month supply. Vacant
developed lot inventory for townhomes decreased 3% from last year to 2,441,
an 11.3 month supply. There are 521 condo lots on the ground, down 6% from
4Q15, and is a 20.0 month supply.
The Greater Salt Lake economy and housing market remains very robust,
however with this growth does come other growing pains. With demand at
record levels, builders are struggling to keep up the pace of construction
and keeping prices in check. As such, if we can’t start delivering more
affordable lots to the market the entry level buyer will continue to get
depleted, even more so in the wake of increasing interest rates. The key
factors for 2017 will be maintaining prices for entry level buyers, while
being diligent in delivering desirable product to the market. | s****y
发帖数: 18685 | 3 New report highlights Salt Lake housing market trends
http://fox13now.com/2017/02/28/new-report-highlights-salt-lake-housing-market-trends/
SALT LAKE COUNTY – A new study shows there’s not enough housing to meet
the needs of Salt Lake’s growing communities.
Eric Allen is the director for MetroStudy for the Utah-Idaho region.
Allen studies the market conditions for the Salt Lake Valley. In his latest
report, he concluded that in 2016, a growing demand for homes, coupled with
low inventory due to a labor shortage is driving prices up.
“We're kinda underbuilding in the market. We're not building enough to keep
up with the demand. The problem that the market has right now is we just
don't have enough labor," Allen said.
While new home production was strong during 2016, up 15 percent over 2015,
finding new homes under $200,000 is challenging. The median price for a new
single-family home is $348,500 – up three percent from last year.
“Unfortunately, the builders and developers don't have much control over
that because the landowners are increasing their prices very quickly, and
the labor is short. So, they're increasing their prices,” Allen said.
The report also highlights the concern of affordability. Allen says the
trend shows more people turning to condo’s or townhomes. The median price
for the newly attached unit is $233,000 – five percent increase from last
year, up 1.4 percent from last month supply.
“The affordable housing crisis could very much be on the horizon because we
are certainly pricing people out of the market," Allen said.
Chad Wagstaff is an associate broker for Century 21 Everest Realty Group.
His clients are often looking for used homes, but the problem is, there’s
not a lot on the market.
“Right now, it really is trending towards the seller’s market,” said
Wagstaff. “Buyers that want a great deal or a steal, that's not really
happening, unfortunately, you're paying for full price," Wagstaff said.
Wagstaff was able to find Keaton Baughan a home in Cottonwood Heights.
“With rising interest rates and everything, I thought it was a good time to
get in,” Baughan said.
Baughan did his homework and it worked out.
“The most important things were the location. As I looked at home prices, I
had to increase that more and more," Baughan said.
It’s an investment a lot of people are forced to consider, due to a tight
market where it’s unlikely interest rates will come down anytime soon. | s****y
发帖数: 18685 | 4 SALT LAKE CITY HOUSING 4Q16: 2016 Finishes Strong – the Key in 2017 will be
Delivering Affordable Product
http://www.metrostudy.com/salt-lake-city-housing-4q16-2016-finishes-strong-key-2017-will-delivering-affordable-product/
Metrostudy NewsFebruary 27, 2017
Annual New Home Starts are up 15% over 2015 – and if not for the severe
labor shortage production would have been even higher
The ability to deliver a new home under $200,000 in the Greater Salt Lake
market is diminishing quickly. New home starts in this segment have
decreased 17% compared to last year, while the majority of this activity is
for attached product.
Affordability is a key concern as buyers continue to get pushed out of the
market; The median price for a new Single Family home is currently $348,500,
up 3% from last year
According to Metrostudy’s quarterly lot-by-lot survey, builders in the
Greater Salt Lake market started a total of 10,778 new homes during 2016, 17
% more than 2015. Annual new home closings totaled 9,798 for the year, a 15%
increase over 2015. If not for the severe labor shortage, new home
production would have been even higher, however builders are struggling to
find enough trade labor to build homes, and as such the market can only grow
so fast. New home starts during 4Q16 are up 24% compared to last year, for
a total of 2,884 and closings increased 8%, to 2,554. Annual starts for
Single Family detached homes increased 17% during 2016 for a total of 7,882,
and annual closings totaled 7,264, up 18%. Annual starts for Attached (for
sale) homes totaled 2,896, an 18% increase, and closings rose 7%, for a
total of 2,534. Quarterly starts saw the most dramatic increase with a 52%
increase over 4Q15, for a total of 955.
“New home production during 2016 was very strong, and while not back to
peak levels, the market is definitely experiencing robust growth,” said
Eric Allen, Regional Director of Metrostudy’s Utah/Idaho region. “Still,
the ability to deliver a new home under $200,000 in the Greater Salt Lake
market is diminishing quickly. New home starts in this segment have
decreased 17% compared to last year, while the majority of this activity is
for attached product. The $200,000-$250,000 price segment has increased 15%
since last year, however 70% of homes in this segment are for attached
product. The largest increase has occurred in the $350,000-$400,000 and $500
,000-$800,000 segments, which have both increased 35% compared to last year.”
With only 23% of all new homes built in the last year priced under $300,000,
affordability is an area for concern as buyers continue to get pushed out
of the market. As such, with the pressures of high land prices, low labor
and high demand from out of state buyers, controlling costs is very
difficult for builders. The median price for a new Single Family home is
currently $348,500, which is 3% higher than last year and 1% above last
quarter. The median price for a new Attached unit is $233,000 which is a 5%
increase from last year, and up 1.4% from last quarter.
With the increase in annual starts, vacant developed lot inventory has
decreased 8% since last year. There were a total of 9,384 new lots delivered
to the market during 2016, which is an 18% increase over 2015. There are
currently 13,852 (single family detached) vacant developed lots (VDL) on the
ground, which is down 9% from last year, a 21.1 month supply. Vacant
developed lot inventory for townhomes decreased 3% from last year to 2,441,
an 11.3 month supply. There are 521 condo lots on the ground, down 6% from
4Q15, and is a 20.0 month supply.
The Greater Salt Lake economy and housing market remains very robust,
however with this growth does come other growing pains. With demand at
record levels, builders are struggling to keep up the pace of construction
and keeping prices in check. As such, if we can’t start delivering more
affordable lots to the market the entry level buyer will continue to get
depleted, even more so in the wake of increasing interest rates. The key
factors for 2017 will be maintaining prices for entry level buyers, while
being diligent in delivering desirable product to the market. | s*******u
发帖数: 5796 | 5 有闲钱赶紧买个投资房吧版主。
latest
with
keep
【在 s****y 的大作中提到】
: New report highlights Salt Lake housing market trends
: http://fox13now.com/2017/02/28/new-report-highlights-salt-lake-housing-market-trends/
: SALT LAKE COUNTY – A new study shows there’s not enough housing to meet
: the needs of Salt Lake’s growing communities.
: Eric Allen is the director for MetroStudy for the Utah-Idaho region.
: Allen studies the market conditions for the Salt Lake Valley. In his latest
: report, he concluded that in 2016, a growing demand for homes, coupled with
: low inventory due to a labor shortage is driving prices up.
: “We're kinda underbuilding in the market. We're not building enough to keep
: up with the demand. The problem that the market has right now is we just
| i***e
发帖数: 3219 | 6 买投资房不是给市场添乱吗？我们要把房子留给最需要的人。呵呵。
【在 s*******u 的大作中提到】
: 有闲钱赶紧买个投资房吧版主。
:
: latest
: with
: keep
|
|
