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Central New York Housing Market Outlook - March 2008

This presentation provides an in-depth analysis of the Central New York housing market, focusing on single-family housing starts, price trends, and regional economic conditions. Insights from Robert Denk, ASVP of Forecasting and Analysis, highlight key factors influencing local housing dynamics, including income, employment, and housing affordability. With data sourced from the US Census Bureau and NAHB, the outlook details the current state of building permits, price changes in major localities, and the overall health of the housing market.

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Central New York Housing Market Outlook - March 2008

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  1. Regional Housing Market Outlookpresented toHome Builders & Remodelersof Central New YorkMarch 14, 2008 Robert Denk ASVP, Forecasting & Analysis

  2. US Single Family Housing Starts Thousands of Units, SAAR Source: US Census Bureau, NAHB

  3. Local Local Local Local Local Local Local Local Local Local LocalLocal Key Factors: LocalLocal LocalLocal Economic – LocalLocal Income, Employment, LocalLocal Population LocalLocal LocalLocal Housing Market – LocalLocal House Prices, LocalLocal Inventories LocalLocal LocalLocal Special – LocalLocal Subprime Exposure LocalLocal LocalLocal Local Local Local Local Local Local Local Local

  4. Source: US Bureau of Labor Statistics

  5. Source: Office of Federal Housing Enterprise Oversight (OFHEO)

  6. Source: OFHEO

  7. Source: OFHEO

  8. (un)Affordability Median House Price / Median Income Source: US Census Bureau, National Association of Realtors

  9. Source: Mortgage Bankers Assn, National Delinquency Survey

  10. The Good, the Bad, and the Ugly Single Family Building Permits, Thousands of Units, SAAR Source: US Census Bureau

  11. Houston, TX Percent Change in Prices Single Family Building Permits, Thousands Source: US Census Bureau, OFHEO

  12. Baltimore, MD Percent Change in Prices Single Family Building Permits, Thousands Source: US Census Bureau, OFHEO

  13. Cape Coral, FL Percent Change in Prices Single Family Building Permits, Thousands Source: US Census Bureau, OFHEO

  14. Syracuse, NY Percent Change in Prices Single Family Building Permits, Thousands Source: US Census Bureau, OFHEO

  15. (un)Affordability Median House Price / Median Income Source: US Census Bureau, National Association of Realtors

  16. <= -41% -41% to -31% -31% to -21% -21% to -11% -11% to 0% >0% Single-Family Permits Growth (YTD_Dec’07 over Average YTD_Dec’00-Dec’03) US: -25% Source: US Census Bureau

  17. <= -41% -41% to -31% -31% to -21% -21% to -11% -11% to 0% >0% Single-Family Permits Growth (YTD_Dec’07 over Average YTD_Dec’00-Dec’03) US: -25%

  18. Single Family Housing Starts US - Thousands of Units, Syracuse - Number of Units, SAAR Syracuse US Source: US Census Bureau, NAHB

  19. Contact Info: Robert Denk ASVP, Forecasting & Analysis 202-266-8698 RDENK@NAHB.COM

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