RESIDENTIAL DEVELOPMENT NEWS
Interesting Updates in the Development Space
The "New" Housing Crisis
January 31, 2020
Axios reports on the "new" housing crisis, a shortage of homes. While this is not news to those in the industry, clearly things have got so bad that reality cannot be ignored, the current crisis is not house values going down, but affordable homes not going up. Some fascinating statistics in here.
Spire Residential in the News
January 22, 2020
While we are reluctant to toot our own horn, we were delighted to see our client byFiorenza in the news for their new project in Charlotte, Poe. The Charlotte Business Journal has the full scoop on the project, and Spire Residential's role in its financing. Click here for more (Subscription Required).
A Modest Proposal: How Even Minimal Densification Could Yield Millions of New Homes
March 6, 2020
Nearly 75% of all residential land in the United States is zoned exclusively for single-family housing. In this piece, Zillow explores how small changes in zoning requirements could increase the supply of middle-market housing.
Six Industry Trends That Will Shape 2020 and the New Decade
February 13, 2020
Joe Bousquin of Builder discusses trends in this article that will define the decade, from renting to "Hipsturbia" to home design. Builders remain cautiously optimistic about the future based on the end of 2019.
October 24, 2019
Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession
March 31, 2020
At Spire Residential, we remain bullish on the residential development market, and the need for housing over the next 2-3 quarters and 2-3 years. Our optimism is rooted in data, and this article from First American illustrates what key metrics point to housing leading us out of this recession.
5 Charts Revealing Why This Recession is not like 2008.
April 16, 2020
Sometimes a visual aid is useful. This article is a short, sharp reminder that the condition of the housing market before COVID-19 could not be more different than 2006-2008, and the lead up to the Great Recession.
September Home Sales Send Mixed Messages
While sale of new homes in September fell compared to August numbers, they were up over 15% compared to September 2018. Lack of production continues to fuel price increases, with wage growth not keeping pace. For more, check out this article from Reuters.
The Decline of Owner Occupied Single Family Homes
October 4, 2019
Richard Florida, the co-founder at CityLab, pulls together some interesting statistics on the amount of adults renting in the US. While the "problem" may not be as acute as he believes, it nevertheless indicates that housing in the US may not return to pre-recession levels. Click here to read more about what Richard calls the "Great Reset".
SINGLE-FAMILY BUILD FOR RENT: BEHIND THE HYPE OF HOUSING'S HOTTEST LATE-INNINGS TREND
August 22, 2019
More and more home builders and master plan community developers are exploring the build for rent space, as Builder reports here.
TO RENT OR TO BUY, THAT IS THE 2019 QUESTION
January 10, 2019
As affordable housing options continue to be limited, those who wish to live in homes are turning more and more to renting the American Dream, instead of buying. A recent report by ATTOM Data Solutions found that in 59% of US counties surveyed, renting a home was more affordable than buying. Read more here.
THE CHANGING PROFILE OF THE FIRST TIME HOME BUYER
A 20 year study, between the years 1997 and 2017, has found that the demographics of First Time Home Buyers has significantly changed, and that the housing market has been slow to adapt. Read more here.