Past Issues*
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October Summary
Anyone thinking the halcyon home sales numbers of 2005 will return as soon as a bailout package is in place needs to think again. The world has changed. However, sales of 2,000 + homes each year in an area as small as the Treasure Valley is still a reasonably good market. The market is much more competitive than it was a couple of years ago, and it will remain . . . . .
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November 2008 |
November Summary
The local market is quite volatile at the moment, and will likely remain so for several months. Even though they have retreated substantially in the past few months, prices of both new and existing homes are probably still about twelve to fourteen percent too . . . . . . .
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December 2008 |
December Summary
Sales of new homes in the Treasure Valley are not only at record lows, they are too low to support indigenous population growth. It would be premature to predict a major rebound in homes sales in the immediate future. However, even at current depressed sales levels, in the absence of net out-migration from the area, pressure will soon start to . . . . . .
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January 2009 |
January 09, Summary
As bad as November and December sales levels were, January will be the real test. January is typically the lowest sales month of the year. At one level, it is hard to imagine sales falling much, if any, from December’s depressed level. There just isn’t much room left for sales to drop. However, since 2002, January sales of both new and existing homes have, on average, declined between 9 percent and 40 percent from each preceding December. . . . . . .
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Fegruary 2009 |
February 09, Intro
New Homes – January is traditionally the worst month of the year for new home sales, and this year was no different. There were only 68 sales of new single-family homes. January sales are typically about 26 percent lower than preceding December sales and the previous record decrease was 42%. Last month set a new record with a decrease of 45 percent from the 124 sales in December of last year.
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March 2009 |
March 09, Intro
It was no surprise when January sales were low, January sales are always several percentage points below the preceding December. However, February sales are usually about 12 percent better than the respective preceding January. Not so this February. . . . . .
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April 2009 |
April 09, Intro
Good news, with caution. March set a new record for the February to March increase in Treasure Valley new homes sales with an increase of 63 percent. The previous record was a 41% increase in March of 2005. The cautionary part of the story has to do with . . . . . . . . .
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May 2009 |
May 09, Intro
There were no records set in April, for either increases or decreases in sales. That may be good news in itself. There were 106 new single-family homes in April. This is exactly the same number of sales as reported in March. That is relatively good news. April typically sees sales drop from the preceding March by about 5 percent. So, to the extent that last month held even with March of this year, it equates to about 5 percent better sales than normal. . . . . . . . . .
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June 2009 |
June 09, Intro
Everyone looking for the big new-home Treasure Valley market recovery will have to wait a little longer.There were 94 new single-family homes in May. This represents a decrease of 21 percent from the 119 sales in April. This is a particularly week number when one considers that . . . . . . . . .
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July 2009 |
July 09, Intro
New home sales increased by 46 percent in June, but overall numbers remain in the doldrums.June sales of new single-family homes in the Treasure Valley totaled 146, an increase of 46 from the previous month. Forty-six percent is the largest May to June increase in several years. Unfortunately, the major factor th . . . . . . . . .
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August 2009 |
Aug 09, Intro
New home sales decreased by 11 units in July. It was a move counter to the desires of most people in the industry, but they can take some solace in the fact that it was only a step back, not a full retreat.
July sales of new single-family homes in the Treasure Valley totaled 131, a decrease of . . . . . . . . . .
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