Jonathan Dienhart

Jonathan Dienhart's Posts

Down, Down, Down

The credit crunch and mortgage meltdown couldn't have come at a worse time for the housing market. Now, not only is it difficult for builders to sell homes, it is even more difficult to get buyers qualified for financing, especially first-timers who often don't have much in the way of a down payment. Read more

Posted on:
Reading the Tea Leaves Reading the Tea Leaves

Many of you who rely on the various housing data reports each month no doubt were mystified by the dueling headlines that showed up within days of each other in May. The first suggested that the drop in existing home sales was another sign the housing market was in trouble. But soon after came stories proclaiming that a jump in new home sales was a hopeful sign of housing market recovery. Which headline should you believe? Perhaps neither; after all, many of these articles neglected to mention that new-home sales are still down more than 10% from a year ago and more than 20% from two years ago. Read more

Posted on:
Countdown to Recovery

As we look back on 2006, it's apparent the second half of the year was the most challenging period the building industry has faced since the early 1990s. New-home sales slid significantly in most areas, and builders pulled back on supply by dramatically slowing plans for additional construction activity. As a result, inventory levels have come off peak levels in most markets across the country. While different markets peaked at different times, nearly all markets now have inventory levels that are holding steady or in decline. The cessation of inventory growth is a positive sign that the market is beginning to move back toward equilibrium. Read more

Posted on:
Free Falling Free Falling

The second half of 2006 may very well wind up being the worst six-month period that home builders will see this decade. Home sales continued to slide, and builders pulled back on supply by dramatically lowering permit issuance. While the pace of the new-home inventory increase appears to have peaked, this is likely as much due to a lower rate of new-home supply as to any positive trend in demand, and builders will have a significant backlog of inventory to move once demand conditions finally do improve. Read more

Posted on:
Market Spotlight: New Orleans Market Spotlight: New Orleans

A closer look at the housing market in New Orleans. Read more

Posted on:
ProSales newsletter signup
Close X