SouthPoint

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The Atlanta Fed's SouthPoint offers commentary and observations on various aspects of the region's economy.

The blog's authors include staff from the Atlanta Fed’s Regional Economic Information Network and Public Affairs Department.

Postings are weekly.


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08/01/2014


Southeast Housing Update: Building on Recent Gains

To detect emerging real estate trends, the Atlanta Fed conducts a monthly poll of southeastern broker and builder business contacts. The latest poll results suggest that housing market conditions in the Southeast remain positive.

The majority of brokers (60 percent) and builders (63 percent) indicated that home sales had increased from the year-earlier level (see the chart):

SE Home Sales versus a Year Earlier

The home sales outlook among contacts remained fairly upbeat. More than 80 percent of brokers and just under 50 percent of builders expect to see continued growth in home sales (see the chart):

SE Homesales Outlook versus a Year Earlier

More than half of the brokers and close to three-fourths of the builders reported that buyer traffic was up from the year-earlier level (see the chart):

SE Buyer Traffic versus a Year Earlier

Most brokers and builders reported that home inventory levels remained flat or were down from the year-earlier level (see the chart):

SE Home Inventory versus a Year Earlier

The majority of brokers and builders reported that home prices were up in June compared with year-ago levels (see the chart):

SE Home Prices versus a Year Earlier

More than three-fourths of builders reported that construction activity had increased from the year-earlier level (see the chart):

SE Construction Activity versus a Year Earlier

To explore these results in more detail, please visit our Construction and Real Estate Survey page.

Note: The latest poll results are based on responses from 40 residential brokers and 19 homebuilders and were collected July 7–16, 2014. Please sign up if you would like to participate in this poll.

August 1, 2014 in Housing, Real Estate, Southeast | Permalink

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