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State of the Nation’s Housing Markets 2 nd Quarter 2010 Update

State of the Nation’s Housing Markets 2 nd Quarter 2010 Update. Kevin P. Kane Chief Housing Market Analyst Office of Policy Development and Research Special Thanks – Randall Goodnight (Ft. Worth). Nonfarm Payrolls 12-month Averages.

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State of the Nation’s Housing Markets 2 nd Quarter 2010 Update

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  1. State of the Nation’s Housing Markets 2nd Quarter 2010 Update • Kevin P. Kane • Chief Housing Market Analyst • Office of Policy Development and Research • Special Thanks – Randall Goodnight (Ft. Worth)

  2. Nonfarm Payrolls 12-month Averages

  3. Nonfarm PayrollsAnnual Percentage Change (12-month avg.)

  4. Regional Nonfarm PayrollsPercentage Change 12 months ending June 2010

  5. Nonfarm Change by SectorPercentage Change 12 months ending June 2010

  6. Sales market conditions remain soft in much of the country • but continue to improve in many areas • Data on home sales prices indicate improvement • Home sales are up (homebuyer tax credit) • Inventories of new and existing homes for sale are down • from a year ago and coming closer to balance • Rental market conditions are mixed throughout the country • Significant declines in multifamily permits have continued U.S. Housing Market Conditions: 2Q 2010

  7. Regional Conditions 2Q 2010

  8. National Home Price IndicesBased on Qtr. To Same Qtr. Previous Year

  9. SF Permit ActivityDuring 12 Months Ending

  10. Percentage Change in SF Activity12 Months Ending 6/09 to 6/10

  11. MF Permit ActivityDuring 12 Months Ending

  12. Percentage Change in MF Activity12 Months Ending 6/09 to 6/10

  13. For additional information: • U.S. Housing Market Conditions Report • 2Q 2010 available at www.huduser.org • Contact your local Regional or Field • Economist • Contact me at kevin.p.kane@hud.gov

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