New Housing Market Review. THE COMPANY 28 year history and experience Serving 31 markets nationwide...
-
Upload
adam-lawrence -
Category
Documents
-
view
223 -
download
2
Transcript of New Housing Market Review. THE COMPANY 28 year history and experience Serving 31 markets nationwide...
New Housing Market Review
THE COMPANY
•28 year history and experience
•Serving 31 markets nationwide
•Leading provider of primary and secondary market information to the homebuilding and related industries
METROSTUDY PRIMARY RESEARCH METHODOLOGY
• COMPREHENSIVE - We drive the streets of every active AND planned subdivision using a copy of the plat. Visually inspect and record data on every lot.
• TIMELY – Years of execution ensure a highly managed timeline for rapid delivery of our survey results. Complete survey during last 2 weeks of calendar quarter.
• ACCURATE – With laser focus on the information that is most important, we train our field research personnel to follow strict research rules to insure consistency and accuracy.
METROSTUDY TIMELINE
• Research begins at Planning & Zoning• Our field personnel use Recorded Plats• Researchers drive every platted new home
subdivision of 4 lots or more every 90 days• We drive every street of every active
project• Deliver finished research to clients within
thirty days of end of quarter• Accurate information on future and vacant
lots, starts, closings, absorption, products, and pricing.
Salt Lake
No. Cal.
So. Cal.
Denver
Phoenix
Tucson
DFW
Austin
San AntonioHouston
South Fla.
North Fla.
Tampa Bay
Naples
Chicago
DC-MD-NVA
RaleighCharlotte
Atlanta
ATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKET
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
4Q93
2Q94
4Q94
2Q95
4Q95
2Q96
4Q96
2Q97
4Q97
2Q98
4Q98
2Q99
4Q99
2Q00
4Q00
2Q01
4Q01
2Q02
4Q02
2Q03
5.00%
5.50%
6.00%
6.50%
7.00%
7.50%
8.00%
8.50%
9.00%
9.50%
HOME PRICE MORTAGE RATE
HOUSING AFFORDABILITY $60K Household Income
North Atlanta Housing Market
NORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKET
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2Q97 4Q97 2Q98 4Q98 2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03
Quarterly Starts Quarterly Closings
NORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKET
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
2Q97 4Q97 2Q98 4Q98 2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Finished Vacant Under Construction Housing MOS
NORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKET
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
$0-$99,000
$100,000-$149,999
$150,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000- UP
HOUSING INVENTORY ANNUAL CLOSINGS
NORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKETNORTH ATLANTA HOUSING MARKET
0 50 100 150 200 250 300
Bridge Mill
Bentwater
Hamilton Mill
Weatherstone
Brookshire
Hairston Forrest
Holly Mill
Glencrest
Woodlands,The
Chestnut Lake
TH/ Covington Station
Lantern Ridge
Cold Water Creek
Crabapple Point
Rogers Crossing
Chadsworth
Blackstone
Ivey Pointe
Windward Village
Bethelview
TH/ Grovemont
TH/ Reynolds Walk
TH/ Arbor Gate
Shiloh Valley
Hawthorn Glen
South Atlanta Housing Market
SOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKET
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2Q97 4Q97 2Q98 4Q98 2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03
Quarterly Starts Quarterly Closings
SOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKET
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2Q97 4Q97 2Q98 4Q98 2Q99 4Q99 2Q00 4Q00 2Q01 4Q01 2Q02 4Q02 2Q03
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
Finished Vacant Under Construction Housing MOS
SOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKET
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
$0-$99,000
$100,000-$149,999
$150,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000- UP
HOUSING INVENTORY ANNUAL CLOSINGS
SOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKETSOUTH ATLANTA HOUSING MARKET
0 50 100 150 200 250 300
Eagles Landing
Summer Grove
Annewakee Trails
Mirror Lake
Walden Park
Natures Point
Sapphire Creek
Monarch Village
City Square
Sage Creek Estates
Brentwood Park
Sable Chase
Simpson's Mill Plantation
Tara/ Village@
Amhurst
Ellington
Arbor Glen
Olde Salem Township
Anneewakee Falls
Cedar Grove
Southampton
Magnolia Walk
Kensington Pointe
Avalon
Trelawny
ATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKET
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0
Fulton (North)
Cherokee
Forsyth
Gwinnett
Cobb
Dekalb
Paulding
Hall
Clayton
Douglas
Fayette
Fulton (South)
Henry
Rockdale
Coweta
Newton
Housing Inventory MOS
Months of Supply
ATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKET
0.0 5.0 10.0 15.0 20.0 25.0 30.0
Fulton (North)
Cherokee
Forsyth
Gwinnett
Cobb
Dekalb
Paulding
Hall
Clayton
Douglas
Fayette
Fulton (South)
Henry
Rockdale
Coweta
Newton
VDL MOS
Months of Supply
ATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKETATLANTA HOUSING MARKET
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Fult
on (
Nort
h)
Cher
oke
e
Fors
yth
Gw
innet
t
Cobb
Dek
alb
Pau
ldin
g
Hal
l
Cla
yton
Dougla
s
Faye
tte
Fult
on (
South
)
Hen
ry
Rock
dal
e
Cow
eta
New
ton
ANNUAL STARTS ANNUAL CLOSINGS
Atlanta Townhouse Market
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
1Q02 3Q02 1Q03
Annual Starts Annual Closings
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
1Q02 3Q02 1Q03
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Finished Vacant Under Construction Housing MOS
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%
Fulton (North)
Cherokee
Forsyth
Gwinnett
Cobb
Dekalb
Paulding
Hall
Clayton
Douglas
Fayette
Fulton (South)
Henry
Rockdale
Coweta
Newton
HousingInventory
AnnualClosings
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
$0-$99,000
$100,000-$149,999
$150,000-$199,999
$200,000-$249,999
$250,000-$299,999
$300,000-$399,999
$400,000-$499,999
$500,000 -UP
ANNUAL STARTS ANNUAL CLOSINGS
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
-
200
400
600
800
1,000
1,200
1,400
1,600
Fult
on (
Nort
h)
Cher
oke
e
Fors
yth
Gw
innet
t
Cobb
Dek
alb
Pau
ldin
g
Hal
l
Cla
yton
Dougla
s
Faye
tte
Fult
on (
South
)
Hen
ry
Rock
dal
e
Cow
eta
New
ton
ANNUAL STARTS ANNUAL CLOSINGS
ATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKETATLANTA TOWNHOUSE MARKET
0 20 40 60 80 100 120 140 160 180
Glencrest
Weatherstone
TH/ Covington Station
Chadsworth
TH/ Grovemont
TH/ Reynolds Walk
TH/ Arbor Gate
TH/ Waldrop Station
TH/ Fairington Station
TH/ Dillard Crossing
Lantern Ridge
TH/ Fox Creek
TH/ Aladdin South
TH/ Stonecrest Heights
TH/ Mill Town Lofts
TH/ Callaway Crossing
TH/ Hutchinson Trace
TH/ Lake Ridge,Reserve@
TH/ Vinings,Creekside @
TH/ Camden Forrest
Windward Village
TH/ Austin Park
TH/ Garrison Square
TH/ Ridgewalk,Magnolias@
TH/ Millgate Crossing
ATLANTA RESALE MARKET JUNE ATLANTA RESALE MARKET JUNE 20032003ATLANTA RESALE MARKET JUNE ATLANTA RESALE MARKET JUNE 20032003Single Family Detached
Price Range <100 100 to
119120 to
139140 to
159 160 to
179180 to
199200 to
224225 to
249250 to
299300 to
499500 to
749750 to
999
1MM to
2MM 2MM+ Totals%CHG
Y/Y
# Homes Sold - 12 mths 2,442 3,029 5,443 5,165 4,149 2,794 2,580 2,338 3,060 4,796 991 265 193 23 37,268 4.80%
Current Inventory 1,365 1,633 3,187 3,145 2,584 1,923 1,538 1,676 2,362 4,059 1,368 535 479 153 26,007 19.70%
Months of Inventory 6.7 6.5 7.0 7.3 7.5 8.3 7.2 8.6 9.3 10.2 16.6 24.2 29.8 79.8 8.4 15.10%
Single Family Condo/Townhome
Price Range <100 100 to
119120 to
139140 to
159 160 to
179180 to
199200 to
224225 to
249250 to
299300 to
499500 to
749750 to
999
1MM to
2MM 2MM+ Totals%CHG
Y/Y
# Homes Sold - 12 mths 659 593 726 456 413 272 205 185 217 153 29 12 4 0 3,924 -7.80%
Current Inventory 632 558 627 452 386 313 221 271 271 329 68 37 25 2 4,192 29.40%
Months of Inventory 11.5 11.3 10.4 11.9 11.2 13.8 12.9 17.6 15.0 25.8 28.1 37.0 75.0 ##### 12.8 40.70%
Single Family Totals
Price Range <100 100 to
119120 to
139140 to
159 160 to
179180 to
199200 to
224225 to
249250 to
299300 to
499500 to
749750 to
999
1MM to
2MM 2MM+ Totals%CHG
Y/Y# Homes Sold - 12 mths3,101 3,622 6,169 5,621 4,562 3,066 2,785 2,523 3,277 4,949 1,020 277 197 23 41,192 3.40%Current Inventory 1997 2191 3814 3597 2970 2236 1759 1947 2633 4388 1436 572 504 155 30,199 20.90%Months of Inventory 7.7 7.3 7.4 7.7 7.8 8.8 7.6 9.3 9.6 10.6 16.9 24.8 30.7 80.9 8.8 17.30%
Source: FMLS
…now you know