Atlanta Housing Economic Trends

Transcription

1 Atlanta Housing Economic Trends February 2015 Note: This information is deemed accurate but not guaranteed. It is intended for the personal use of HBA members only.

2 Atlanta Employment Pace of Employment Growth 75,000 50,000 25, ,000 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Graph Information: As of 12/14 -Note: Graph reflects Bureau of Labor Statistics annual revision. In some cases, previous months numbers have been greatly altered to reflect new estimates. -Monthly numbers represent annual change from previous year s month Trailing 12 Months -Based off Atlanta MSA (See MSA Definition at end) Source: Bureau of Labor

3 20,000 Atlanta Permits Single-Family vs. Multi-Family 15,000 10,000 5,000 0 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Multi-Family Permits Single Family Permits Graph Information: As of 1/15 -Updated monthly Based off Trailing 12 month numbers. -Based Atlanta MSA (See MSA Definition at end). Source: Census Bureau

4 Lumber Index $450 $400 $350 $300 Atlanta Building Products Concrete $115 $110 $105 $100 $95 $250 $200 $150 Jan-06 Jun-06 Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Lumber Aug-10 Jan-11 Jun-11 Concrete Graph Information: As of 2/15 -Lumber Prices based off a composite price per 1,000 board feet (Use Left Axis) -Source: Random Lengths, NAHB -Concrete data is based off 3000 PSI, per cubic yard (Use Right Axis) -Source: Survey of Atlanta Purchasing Managers Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 $90 $85 $80 $75

5 Primary Mortgage Market Survey 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec % 1.00% 0.00% Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-10 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Fed Funds 30 Year 1 Year Arm Graph Information: As of 2/15 -Based off Freddie Mac Primary Mortgage Market Survey -30 Year and 1 Year rates are derived from the last week of each quarter (Up until 3/07). Then updated monthly. -Fed Funds rate is based off the last day of each quarter (Up until 3/07). Then updated monthly. Source: FreddieMac.com

6 Coldwell Banker Residential Brokerage Graph Information: As of 1/15 Based off 6 largest metro counties; distressed sales data included but % of total data unavailable Information contained herein deemed accurate but not guaranteed.

7 Coldwell Banker Residential Brokerage Graph Information: As of 2/15 Based off 6 largest metro counties; distressed sales data included but % of total unavailable Information contained herein deemed accurate but not guaranteed.

8 Definitions Atlanta MSA as defined by the 2000 Census (Updated Dec 2006): Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding & Walton Counties Coldwell Banker 6-County Area includes: Fulton, Cobb, Cherokee, Forsyth, Gwinnett, & DeKalb Metrostudy currently gathers data from 22 Metro Atlanta Counties shown to the right:

9 January 21: February 18: March 18: April 15: May 20: June 17: August 19: September 16: October 21: November 18: 2015 BDL Schedule Economic Forecast Roundtable: 2014 Recap and 2015 Expectations featuring Roger Tutterow Special Meeting: Federal Reserve Bank of Atlanta Consumer Confidence Report with Roger Tutterow and Metrostudy Market Update with Eugene James Economic Forecast Roundtable Topic TBD Metrostudy Market Update with Eugene James Consumer Confidence Report with Roger Tutterow Metrostudy Market Update with Eugene James Consumer Confidence Report with Roger Tutterow Economic Forecast Roundtable: Topic TBD Metrostudy Market Update with Eugene James Note: Meetings are held at 8:00 am at the HBA in Tucker

10 Thanks to Our Sources David Ellis Courtney Bayer Commercial Real Estate Eugene James Director, Atlanta Region x111 Collin Ellingson Managing Broker Coldwell Banker Residential Brokerage Midtown Office Note: This information is deemed accurate but not guaranteed. It is intended for the personal use of HBA members only.