Housing Market Review – A Growing Rift Between the Data and the Stocks (September, 2017)

The last Housing Market Review covered data reported in August, 2017 for July, 2017. At the time, I described a change in tone that made me wary and even got me anticipating a larger pullback. The iShares U.S. Home Construction ETF (ITB) was struggling below its 50-day moving average (DMA) since a 2-month period starting … Read more

Housing Market Review – Just Another Month (July, 2017)

The last Housing Market Review covered data reported in June, 2017 for May, 2017. The month from there was relatively sedate for home builders. For example, the iShares U.S. Home Construction ETF (ITB) went absolutely nowhere with August’s burst out the gate providing a bit of a gain. The good news is that the uptrend … Read more

Bay Area Housing In Focus: San Francisco Versus Brisbane

SF is happy to build housing on Brisbane Baylands- 684 acres of vacant land. We all need to do our share for working families + environment. https://t.co/X1se1UuLwN — Jane Kim (@JaneKim) September 27, 2016 This was a tweet that launched a potential “housing war” on the Peninsula of the San Francisco Bay Area. I like … Read more

U.S. Migration Patterns and California Housing Migraines

In past Housing Market Reviews, I observed a notable shift in housing activity from the West to the South. I have wondered aloud whether this disparity comes from economic choices moving households from relatively expensive markets in the West to relatively more affordable ones in the South. It turns out the IRS has some of … Read more

Million-Dollar Plus Homes and A Race for Affordability In California

(This is an excerpt from an article I originally published on Seeking Alpha on August 11, 2014. Click here to read the entire piece.) Last month, I wrote about the strong sales activity in million dollar plus homes in Canada that are occurring despite poor jobs growth in the country. It was an interesting study … Read more

California Soon To Experience A New Construction Boom

(This is an excerpt from an article I originally published on Seeking Alpha on July 10, 2013. Click here to read the entire piece.) {snip} …a fascinating story about a 2-man team, a real estate agent and a contractor, who have gone from boom to bust and hopeful boom. They went from a whiteboard full … Read more

The San Francisco Bay Area’s Housing Micro-Climates: A Microcosm of A Two-Speed Recovery

(This is an excerpt from an article I originally published on Seeking Alpha on April 28, 2013. Click here to read the entire piece.) The San Francisco Bay Area is known for its micro-climates. {snip} This area also has matching housing micro-climates. The crash and recovery from the housing bubble has exacerbated these micro-climates. In … Read more

KBH Shines Again But Keep An Eye On California’s Recovering Housing Market

(This is an excerpt from an article I originally published on Seeking Alpha on October 14, 2012. Click here to read the entire piece.) U.S. homebuilders continue to beat a drum of optimism. KB Home (KBH) is no exception. In its July earnings report, KBH established a strategy of “Going on Offense”. KBH provided more … Read more