Jun 10, 2020

Housing Trends

Watch The Outlook Webinar: COVID-19 Update – June 10

This week during our Outlook Webinar: COVID-19 Update – The Housing Market, Senior Managing Principal, Tim Sullivan, and Chief Economist, Ali Wolf, provide real-time updates on how the coronavirus pandemic continues to impact our economy and the residential construction industry.

What’s Changed:
  • States continue to relax containment measures with mix results; States early to reopen, Texas and Arizona, had all time-high hospitalization rates due to COVID-19
  • The mortgage industry continues to grow despite COVID-19 – noteworthily, mortgage applications are up 13% YOY
  • Unemployment continues to decline with ~20M Americans still unemployed
  • Builders are experiencing an increase in market share as may listings grew MOM in some markets and 30% of Builders saw a slight increase in net contract volume
  • 39% of people in urban areas indicate they are open to moving to less dense place due to COVID-19
How can we help your business navigate COVID-19?

Ali Wolf

Chief Economist

Ali Wolf

Chief Economist

Ali Wolf

Chief Economist

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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