Please ensure Javascript is enabled for purposes of website accessibility
Housing Will Weaken Further In 2019 And 2020
News
By News
Published 6 years ago on
April 22, 2019

Share

[aggregation-styles]

Housing Will Weaken Further In 2019 And 2020

Strong home price appreciation last year led many to wonder if housing was unsustainably strong. I thought not and in November 2018 wrote Housing Forecast: Not A Bubble In 2019. This update shows that housing will continue to soften, though not quite so much as previously expected.
The most important factor determining housing construction and pricing is the underlying demographics. Housing is mostly built to accommodate new residents; just a little new construction replaces demolished or abandoned housing. My first gauge of the housing market is construction relative to population growth. The accompanying chart shows how many housing units were started per 100 new residents. New residents come from births in excess of deaths, plus net foreign immigration. The population data include estimates of illegal immigration, though there’s obviously some uncertainty there.

Read More →

RELATED TOPICS:

DON'T MISS

Clovis Wants to Rein in Short-Term Rentals. Hearing Tuesday

DON'T MISS

Voters in California City Reject Measure Allowing Noncitizens to Vote in Local Races

DON'T MISS

Voters in Oakland Oust Mayor Sheng Thao Just 2 Years Into Her Term

DON'T MISS

Clovis Serves Up a Special Day for Veterans and Community

DON'T MISS

A Guide to Key Figures in Donald Trump’s Orbit

DON'T MISS

Dust Storm Knocks Out Power in Fresno Area, Causes Massive Pile-Up in Madera

DON'T MISS

Here Are the People Trump Has Picked for Key Positions So Far

DON'T MISS

California Gov. Gavin Newsom Will Spend Part of Week in DC as He Tries to Trump-Proof State Policies

DON'T MISS

Free Sandwiches in Fresno. No Strings Attached, Says Marijuana-Themed Deli.

DON'T MISS

Lakers’ Anthony Davis Sidelined by Eye Injury After Blocking Dunk Attempt

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

Clovis Serves Up a Special Day for Veterans and Community

7 hours ago

A Guide to Key Figures in Donald Trump’s Orbit

7 hours ago

Dust Storm Knocks Out Power in Fresno Area, Causes Massive Pile-Up in Madera

8 hours ago

Here Are the People Trump Has Picked for Key Positions So Far

8 hours ago

California Gov. Gavin Newsom Will Spend Part of Week in DC as He Tries to Trump-Proof State Policies

8 hours ago

Free Sandwiches in Fresno. No Strings Attached, Says Marijuana-Themed Deli.

8 hours ago

Lakers’ Anthony Davis Sidelined by Eye Injury After Blocking Dunk Attempt

9 hours ago

Curry Scores 36, OKC Loses Holmgren to Hip Injury in Warriors’ Win Over Thunder

9 hours ago

Vatican, Microsoft Create AI-Generated St. Peter’s Basilica to Allow Virtual Visits, Log Damage

9 hours ago

How Many Drivers Did Fresno PD Nab in Latest DUI Checkoint?

10 hours ago

Clovis Wants to Rein in Short-Term Rentals. Hearing Tuesday

Clovis officials will decide Tuesday whether to update city code regarding short-term rentals, which some neighbors say have become troubles...

6 hours ago

6 hours ago

Clovis Wants to Rein in Short-Term Rentals. Hearing Tuesday

7 hours ago

Voters in California City Reject Measure Allowing Noncitizens to Vote in Local Races

7 hours ago

Voters in Oakland Oust Mayor Sheng Thao Just 2 Years Into Her Term

7 hours ago

Clovis Serves Up a Special Day for Veterans and Community

7 hours ago

A Guide to Key Figures in Donald Trump’s Orbit

8 hours ago

Dust Storm Knocks Out Power in Fresno Area, Causes Massive Pile-Up in Madera

8 hours ago

Here Are the People Trump Has Picked for Key Positions So Far

8 hours ago

California Gov. Gavin Newsom Will Spend Part of Week in DC as He Tries to Trump-Proof State Policies

Search

Send this to a friend