National Housing Market Outlook

Fear and Greed Have Short Memories

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John Burns

June 28, 2012

The memories of 2007 through 2011 are clouding too many people’s vision. There are plenty of legacy problems from the housing boom that have yet to clear, and plenty of risk to the downside, but the demand, supply and affordability measures are in place to help us put the housing downturn behind us and move forward. We are leaving stage one of the recovery and moving into stage two. Don’t miss the ride.

New Demand > New Supply

1,838,000 jobs created in the last year

717,000 annual pace of construction

= 2.5 Jobs / Housing Unit

Resale Demand > Resale Supply

6.6 month supply versus 7.3 month normal supply

Affordability

Lowest Housing Costs / Income Ratio in My Lifetime

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John Burns
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As CEO, John grows, leads, and supports a team of passionate, articulate, likable, and smart experts. Together, we solve today so our clients can navigate to tomorrow.

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