THE LOCATION STRATEGY TOP 10 CHARTBOOK

A QUICK REVIEW OF MARKET CONDITIONS FOR HOUSING.

LOCATION STRATEGY MEETUP

In person meetings are so important to our industry, and we are really looking forward to hosting our first industry meetup on June 15, 2023. Join us for a discussion on the market, networking, and announcements of upcoming events. You can register at the orange button below. We hope to see you there!

MORE EXCEL PROBLEMS AT THE BLS

As we have repeatedly covered, there are two monthly employment surveys, households and establishments. The Establishment survey is what you hear reported as job growth numbers. The Household Survey is used to determine unemployment rates -- and showed an almost equivalent decline to the increase reported in the Establishment Survey. The charitable explanation is that the government continues to struggle with the statistical impact of covid-related disruptions.

The ISM Services index is forecasting declines in the CPI at last.

Americans saw a huge surplus wealth build up during the pandemic. Deutsch Bank expects this excess savings to be fully depleted by year-end.

Mortgage originations to all ages are collapsing, but it's worst for prime homebuying ages of 30-39. This comes at a time when the US population of 30-39 year olds is surging.

Options in the existing housing market remain tight: active listings dipped below last year’s levels.

 Investors have been scaling back house purchases

One area where investors remain active? Preferring lower-price properties – 40% of investor purchases are starter homes.

Housing is so expensive because we simply don't build enough. This chart shows residential investment as a share of GDP since 1947

The average monthly mortgage payment is nearing $3,000.

Less Active Adults? 

Social Security is now forecast to run out in 2034, likely forcing significant cuts to benefits.  

Scott Davis

LOCATION STRATEGY, LLC

1302 Waugh Drive #178

Houston, Texas 77019

832.304.DIRT (3478)

www.locationstrategyllc.com