tag:blogger.com,1999:blog-88865541541888216722024-03-13T13:39:20.553-07:00Building PulseBuilding & construction news, markets, press releases, data, and forecasts.Brandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8886554154188821672.post-79700359406159823312009-07-17T05:42:00.001-07:002009-07-17T05:42:45.578-07:00San Francisco Home Sales at 3yr HighCondo and home sales are up in the Bay Area by 20% versus last year and at a 3 year high, according to Bloomberg.com.  The average price dropped by 27% during the same period.  The drop in available jumbo loans (for purchasing expensive homes) and increase in foreclosure sales likely drove prices down.  I say in any market where the inventory is shrinking, growth is soon to be Brandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.com0tag:blogger.com,1999:blog-8886554154188821672.post-35894786561671896172009-07-15T08:59:00.001-07:002009-07-15T08:59:09.322-07:00Home Sales Up in Lubbock, TXInventories are down and home sales are up in Lubbock, TX.  Year to date prices have gone up by 11% versus 2008, and monthly June sales have increased by 2% with prices up 5% versus 2008.  Local officials are optimistic that such numbers will soon spawn a revitalization of the construction sector.  With inventory declining and prices rising, it should only be a matter of time. Brandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.com0tag:blogger.com,1999:blog-8886554154188821672.post-3873309492525471522009-07-12T07:13:00.001-07:002009-07-14T05:17:47.335-07:00New Homes and Prices Up in California CommunitiesA small nugget of positive news comes from California, in which several metropolitan areas are seeing year over year growth. Of course this is California and who doesn’t want to live there, right? Nevertheless, Vallejo – Fairfield had average home prices increase by 17% which is pretty darn good considering the rest of the economy. Heck it even beats any investment plan that I know of. Read Brandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.com0tag:blogger.com,1999:blog-8886554154188821672.post-12085856584237482092009-07-09T06:55:00.000-07:002009-07-14T05:17:57.924-07:00Texas Home Sales Down in 2nd Qtr Dallasnews.com reports that the Dallas - Fort Worth region is experiencing the lowest quarterly sales data since 1991. The sunny part is that while the sales have been poor, new home starts are even further down which helps lower overall inventory. Not the best news, but the report seems optimistic that the overall market is at least stabilizing. And we have to stabilize before we can startBrandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.com0tag:blogger.com,1999:blog-8886554154188821672.post-61750226075220293502009-07-08T07:07:00.000-07:002009-07-14T05:20:53.782-07:00Existing Home Inventory Hurting New Home SalesWhile new home sales continue to be be a thorn in the economy’s side it is the ‘buy used’ mentality that seems to be hurting most. It certainly seems obvious that buyers would shop new homes against what they could potentially buy on the existing market. But if you combine that fact with the slide in home values (also related to the supply side of the equation) and new homes have trouble Brandon Taylorhttp://www.blogger.com/profile/03860210565407904213noreply@blogger.com0