Housing Tides Index™ March 2017

Market Health Increases in 33 of the Top 41 Local U.S. Markets

FOR IMMEDIATE RELEASE
Housing Tides Index™ reveals that the U.S. housing and homebuilding industry resumed its strengthening trend with the Index increasing to a value of 73.6, after falling slightly to 72.4 in February.

March 10, 2017, DENVER – This week marks the release of the March Housing Tides Report™, featuring an update to the Housing Tides Index™, an objective and sophisticated approach to quantifying and comparing the health of U.S. housing markets. The U.S. housing market remains in healthy territory as purchase and rental affordability improve marginally despite a drop in the number of homes for sale.

Understanding the health of a housing market and its relationship to other top markets requires an aggregated, comprehensive view of the industry. The Housing Tides Index provides a succinct monthly measure of market health across the top 41 U.S. markets. Referencing 18 market indicators ranging from unemployment rates and housing permits to rental vacancy and mortgage foreclosure rates, the Tides Index helps users understand exposure at a deeper level than is currently possible.

National Housing Tides Index Summary – March 20173 2017 Housing Tides National Map

  • The Housing Tides Index increased from 72.4 in February to 73.6 in March as the U.S. housing and homebuilding industry resumed its strengthening trend. The Index scores increased in 33 of the top 41 local markets this month.
  • The construction unemployment rate increased from 5.7% in November to 7.4% in December. While this is higher than our designated “healthy” range, readers should remember that unemployment rates vary seasonally and homebuilders have often pointed to labor scarcity as an obstacle to increasing construction volume.
  • Housing supply improved markedly, rising from 2.9 months of supply in November to 3.9 in December. However, it’s important to note that this supply increase is due to a large decrease in home sales while for-sale inventory simultaneously fell to its lowest level since December 2013.
  • Also contributing to the increase in the Housing Tides Index, U.S. rent prices reversed course and fell in December. The median asking rent for two-bedroom units decreased from $1,630 in November to $1,500 in January.
  • Mortgage foreclosure rates continued to decline in December, with latest data showing that just 0.9% of all homes with a mortgage are in foreclosure. The mortgage foreclosure rate is down from 1.37% in December 2015.

The 10 Healthiest Markets in the United States,  March 2017

Top 10 March
Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Monthly Pulse
An email service exclusively created for media that delivers an updated infographic depicting the latest monthly Housing Tides Index, the complete Index as it appears in the Housing Tides Report™, and a brief executive summary. All content can be shared in print and digital publications, with attribution to the Housing Tides Report.

Members of the media can subscribe to the Housing Tides Monthly Pulse here.

About Housing Tides
Housing Tides™ (“Tides”) is the only monthly report that provides a comprehensive measure and aggregated understanding of the health of the U.S. housing and home building industry. Designed to take the guesswork out of the vast amount of forecasting information published about this sector, Tides is a sophisticated report that delivers city-specific, updated information when market conditions change. It is the only report that uses natural language processing and machine learning to correctly understand and synthesize large volumes of data, making it more comprehensive, balanced, and reliable than any other report of its kind. More information is available at http://www.housingtides.com.

Housing Tides is proudly partnered with IBM Watson®.
###

Media Contact:

Hannah Finch
970-556-0203
hannah.finch@housingtides.com

 

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/02/prweb14072324.htm

Housing Tides™ – 2017 HousingWire Tech100 Winner!

FOR IMMEDIATE RELEASE

Housing Tides is proud to be listed as one of the most innovative technology companies in housing, contributing to the innovation this industry needs to do its most important job: supporting the American Dream.

Mar. 6, 2017, DENVER – “The companies that make up the 2017 HW TECH100™ are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment,” said HousingWire Senior Financial Reporter Ben Lane. “These companies aren’t just taking part in the housing industry’s technological revolution; they’re leading it.”

Housing Tides is a comprehensive, objective report that synthesizes all of the existing perspectives, predictions and views into one convenient source, enabling efficient, data-based decisions through four powerful components: Market Specific Building Permit Forecasts (Top 41 Metros), Housing Tides Index™, Housing Tides Forecaster Report Card™, Housing Media Analysis, Using IBM Watson® Natural Language Processing. Each component provides its own unique insights to the U.S. homebuilding market as well as adding context to the other components. Collectively, the components are a powerful guide to better understanding the market.

Housing Tides uses machine learning to comprehensively aggregate and analyze the housing media.

As an IBM Watson partner, Housing Tides uses a mix of natural language processing, natural language classification and sentiment analysis to gain insight into the overall direction and sentiment of housing media.

Using IBM Watson tools, Housing Tides not only captures all relevant news flow, but analyzes it for sentiment on a positive to negative scale. This enables Housing Tides to discern overall sentiment movement as well as sentiment by media source, author and other perspectives.

Additionally, Housing Tides uses machine learning to identify and capture forecasts made across the media sources it aggregates.

“The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. There’s hardly a corner of our industry that hasn’t been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment,” said HousingWire Magazine Editor Sarah Wheeler. “Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream.”

Tides was developed by EnergyLogic, Inc., a Berthoud, Colorado-based software and building consulting company. EnergyLogic’s data-driven philosophy and its deep expertise in, and insight into, housing drove it to develop the report as a solution to its clients’ need for better, higher resolution data about the home building industry.

About Housing Tides

Housing Tides (“Tides”) is the only monthly report that provides a comprehensive measure and aggregated understanding of the health of the U.S. housing and home building industry. Designed to take the guesswork out of the vast amount of forecasting information published about this sector, Tides is a sophisticated report that delivers city-specific, updated information when market conditions change. It is the only report that uses natural language processing and machine learning to correctly understand and synthesize large volumes of data, making it more comprehensive, balanced and reliable than any other report of its kind.Those interested in learning more about and subscribing to Tides may visit https://housingtides.com/

About EnergyLogic

Berthoud, Colorado-based EnergyLogic is a software and building consulting company that provides expert resources, education and support to new home builders and energy raters involved in the construction of high‐performance homes. EnergyLogic serves as a resource to other organizations that are influential in creating energy efficient housing across America, and also built the system that analyzes and detects fraud in all of the country’s residential energy ratings. More information may be found at http://www.nrglogic.com.

About HousingWire

HousingWire is the nation’s most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company’s news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/03/prweb14118235.htm

Media Contact:

Hannah Finch
970-556-0203
hannah.finch@housingtides.com