Housing Tides Index March 2017

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®.
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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!

2017 HousingWire Tech100 Winner: Housing Tides™

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

Housing Tides Index™ February 2017

Housing Tides Index™ February 2017 – Market Health Decreases in 30 of the Top 41 Local U.S. Markets

FOR IMMEDIATE RELEASE

Housing Tides Index™ reveals a decline as U.S. housing homebuilding markets weaken slightly with supply shortfall

Feb. 16, 2017, DENVER – This week marks the release of the February 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. Analysis of economic indicators comprising the Index reveals that while the national housing market is healthy when viewed in historical context, the shortage of homes for sale continues to present an obstacle.
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 – February 2017

  • The U.S. housing industry weakened slightly this month as the Housing Tides Index decreased to 72.4 in February from 73.1 in January. The February Index value is down from 73.4 one year ago.
  • The Housing Tides Index values decreased in 30 of the top 41 local markets this month.
  • Much of the decrease in the Index is due to worsening of housing supply, which was already constrained. Nationally, housing inventory fell to 2.9 months of supply in December per latest data from real estate brokerage Redfin.
  • It’s important to recognize that significant geographic differences in housing supply remain; for example, Seattle and San Jose currently have less than one month of supply while Fort Myers and Miami have 5.1 and 6.7 months of supply, respectively.
  • U.S. rent prices increased further in November according to Zillow, with the median list price for a two-bedroom unit rising to $1,635 per month. The U.S. rental vacancy rate rose one-tenth of one percent to 6.9% in Q4 2016 per recent published data from the Census Bureau.
  • Data from the Federal Housing Finance Agency show that effective mortgage rates rose to 3.99% in December after the Federal Reserve decided to hike the target federal funds rate by 0.25 percentage points at the December, 2016 meeting.
  • Homebuilder sentiment improved in December as the NAHB & Wells Fargo Housing Market Index survey of builders rose to a value of 69. This is substantially higher than the neutral Index value of 50 and is the most optimistic reading of homebuilder sentiment since July, 2005.

Housing Tides Index - National, Fe

 

Highlighting the Ten Healthiest U.S. Housing Markets – February 2017

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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®.
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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

First-ever Monthly Report to Offer Comprehensive Look at U.S. Housing Market Now Commercially Available

Housing Tides LogoFOR IMMEDIATE RELEASE

‘Housing Tides’ Delivers City-specific Updates when Housing Market Conditions Change

Nov. 1, 2016, DENVER – It is easy today to be overwhelmed by the vast amount of information published about the U.S. housing market, and to make inaccurate assumptions about market activity based on the wildly divergent views and forecasts published in the media. A new report called Housing Tides is the first of its kind to deliver complete, in-depth, balanced information about the housing and home building market. With Tides, financial advisors, mortgage lenders, product manufacturers, home builders and others will now be better informed, better prepared to respond to changing market conditions, and able to make smarter investment decisions.

As the only monthly report to provide a comprehensive measure and aggregated understanding of the state of housing and home construction across the top 41 U.S. markets, Tides collects, analyzes and synthesizes all of the existing perspectives, predictions and views into one convenient source. Delivered to subscribers every month, Tides features a monthly permit forecast, a housing media summary, a forecaster report card, and an index containing country-wide trending information and comparative market analysis. Clients cut through the clutter of information published about the industry, saving frustration and time, and are able to come to their own conclusions about market health.

Referencing 18 market indicators that range from unemployment rates and housing permits to rental vacancy and mortgage foreclosure rates, Tides provides a comprehensive view of the industry. The report also offers transparency in its own historical accuracy and the accuracy of other published forecasts, making it a reliable source of comparative information across time and creating accountability for reporting accuracy.

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.

One client who has already benefited from Tides’ sophisticated aggregation and analysis technologies is Cal Trumbo, managing partner with Momentum Innovation Group.

“What sets the Housing Tides Report apart is the use of IBM’s Watson technology to analyze every media source reporting on the state of construction to provide a detailed sentiment of the industry,” said Trumbo. “As an innovation consulting group, we make a living helping our customers stay in front of their competition and stay ahead of the construction market. We will use the Tides Report to track current trends that allow us to help customers skate to where the puck is going to be – and see the changes coming before anyone else.”

Those interested in learning more about and subscribing to Tides may visit www.housingtides.com.

 

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 www.housingtides.com.

 

About EnergyLogic

Berthoud, Colo.-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 www.nrglogic.com.

 

About IBM Watson: Pioneering a New Era of Computing 

Watson represents a new era in computing called cognitive computing, where systems understand the world the way humans do: through senses, learning, and experience. Watson continuously learns from previous interactions, gaining in value and knowledge over time. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.

As part of IBM’s strategy to accelerate the growth of cognitive computing, Watson is open to the world, allowing a growing community of developers, students, entrepreneurs and tech enthusiasts to easily tap into the most advanced and diverse cognitive computing platform available today. Watson solutions are being built, used and deployed in more than 45 countries and across 20 different industries.

For more information on IBM Watson, visit: ibm.com/Watson and ibm.com/press/watson. Join the conversation at #ibmwatson.

 

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Media Contact:

Hannah Finch
970-556-0203
hannah.finch[at]housingtides.com

 

IBM External Relations
Nancy Ngo
nngo[at]us.ibm.com

EnergyLogic’s “Game of Homes” Offers Edutainment-based Training Alternative, Professional Development to Home Performance Pros

 Game of Homes is proudly supported by Owens Corning®

 

FOR IMMEDIATE RELEASE

Owens Corning Sponsorship Gives Game a Boost with Real-world Products

Aug. 4, 2016, DENVER, Colo. – EnergyLogic announces Owens Corning as a flagship sponsor of Game of Homes, EnergyLogic’s new, free training platform for home performance professionals. Game of Homes takes a departure from traditional classroom and online training courses by applying gaming designs and concepts to learning scenarios that are interactive, engaging and entertaining. Home performance professionals – such as energy raters, remodelers, retrofitters and others involved in the process of improving the comfort, safety and energy efficiency of a home – gain valuable continuing education units (CEUs) they can apply toward industry certification programs such as the Residential Energy Services Network (RESNET) and the Building Performance Institute (BPI).

“Owens Corning’s collaboration with EnergyLogic brings additional depth to the resources and partnership we provide building professionals to help them stay at the top of their game,” said Todd Fister, vice president of strategic marketing, Insulation, Owens Corning. “This edutainment-driven approach to training represents a truly innovative and user-friendly solution to help these pros gain new knowledge and advance their home performance practices.”

According to Matt Thornberry, training and education manager for EnergyLogic, Game of Homes is geared to reach the approximately 35,000 home performance professionals in the U.S., as well as more than 100,000 home inspectors.

“Game of Homes offers users a fresh approach to the ‘death-by-PowerPoint’ training that plagues our industry,” Thornberry said. “We believe that excellent training is critical to the success of the building science industry – and a more sustainable world. But our industry is historically guilty of offering training based on boring presentations and lectures. That’s not how people learn. People learn by doing,” he added.

Game of Homes helps energy professionals become critical thinkers and make smarter decisions about ways to make homes efficient, safe, healthy and durable. Users are faced with complex choices they must make about the home’s systems – from ventilation systems to furnace equipment to insulation materials – that simulate a home’s performance. These scenarios are developed based on real-world situations that experienced professionals have encountered in the field. For example, one situation involves a serious mold condition; another is based on a career-threatening condition in the home of a vocal coach. The game features actual products the pros use – such as Owens Corning’s residential insulation products – to make for a realistic online experience.

Game of Homes taps into people’s natural desire for competition, achievement and community status, using leaderboards, achievements and social interaction as techniques to  deeply engage players as a community. Players can earn achievements through the accumulation of points awarded for correct decisions they make during the interactive scenarios and challenges. In addition, the system tracks points and issues professional development credits for various home energy certifications such as RESNET and BPI.

Users sign up for Game of Homes for free at www.playgameofhomes.com. The Game of Homes video is available online.

 

About Owens Corning             

Owens Corning (NYSE: OC) develops, manufactures and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2015 sales of $5.4 billion and employs about 16,000 people in 25 countries. It has been a Fortune 500® company for 62 consecutive years.

About EnergyLogic

EnergyLogic is a 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. Its products and services include an energy rating system, rater services, an enterprise software system and training. EnergyLogic also serves as a resource to other organizations that are influential in creating energy efficient housing across America, including industry associations, construction and building professionals, utility companies, government code officials, state energy offices and real estate professionals. More information may be found at www.nrglogic.com. Details about the company’s comprehensive training program is available at energylogicacademy.com.

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Media Contacts:

EnergyLogic:
Linda Lidov
303-358-6279

Owens Corning:
DeAnna Starn
419-248-5667