Top 10 Healthiest Home Markets
From Builderonline.com
Article by Boyce Thompson
Twice annually, Builder works with Hanley Wood Market Intelligence to compile a list of the healthiest housing markets in the United States, based on forward projections for the metrics that drive housing production–jobs, price appreciation, population growth, and income growth. The projections come from Moody’s Economy.com
10: Denver, Colo.
Health Index: 76.7
2011 Population Forecast: 2,611,500
2011 Total Building Permit Forecast: 3,801
2012 Total Building Permit Forecast: 7,548
A housing recovery is blooming in Denver, where permit activity is expected to nearly double in 2012
9: Bradenton-Sarasota-Venice, Fla.
Health Index: 79.5
2011 Population Forecast: 697,300
2011 Total Building Permit Forecast: 789
2012 Total Building Permit Forecast: 1,373
Sarasota, a seaside metro area with affordable housing stock, is one of three Florida markets to make our top 20. The area is south of Tampa Bay and North of Fort Myers.
Health Index: 80.5
2011 Population Forecast: 1,242,300
2011 Total Building Permit Forecast: 3,417
2012 Total Building Permit Forecast: 5,284
Oklahoma City, which has one of the lowest unemployment rates in the country at 6.1%, managed to add another 9,400 jobs in the last year
Health Index: 80.9
2011 Population Forecast: 642,200
2011 Total Building Permit Forecast: 2,099
2012 Total Building Permit Forecast: 3,639
There’s light at the end of the housing market tunnel in Colorado Springs. The three biggest employers here, by far, are military bases, and the fourth biggest is the Air Force Academy.
Health Index: 81.0
2010 Population Forecast: 201,599
2011 Total Building Permit Forecast: 634
2012 Total Building Permit Forecast: 798
Charlottesville isn’t a very big housing market, but it’s a pretty strong one. Home to the University of Virginia, the region has benefited from some strong household growth in recent years. It continues to attract second-home buyers from Washington, D.C.
5: Miami-Fort Lauderdale-Pompano Beach, Fla.
Health Index: 82.0
2011 Population Forecast: 5,524,600
2011 Total Building Permit Forecast: 2,708
2012 Total Building Permit Forecast: 7,522
The Miami housing market, which draws buyers from throughout the world, is set to take off in 2012. As the number of jobs here grows 2.7%, and home prices stabilize, permit activity is forecasted to more than double. Roughly half the permit activity in Miami is traditionally multifamily.
Health Index: 84.0
2011 Population Forecast: 1,343,300
2011 Total Building Permit Forecast: 2,284
2012 Total Building Permit Forecast: 4,363
Seeing a Florida market so high on our list of healthy markets may be a surprise to some. But the city’s strong employment base has helped it come back before many of the services-dependent housing markets to the south.
Health Index: 88.9
2011 Population Forecast: 1,163,600
2011 Total Building Permit Forecast: 1,294
2012 Total Building Permit Forecast: 1,181
After more than one false start, the housing market in Salt Lake appears poised to turn the corner, though builders there are expected to take a wait-and-see attitude.
2: Fort Collins-Loveland, Colo.
Health Index: 89.4
2010 Population Forecast: 299,630
2011 Total Building Permit Forecast: 1,004
2012 Total Building Permit Forecast: 1,650
The word is out about Fort Collins, which is regularly ranked among the best places to live in the country. Moody’s projects that the number of households in Colorado’s fourth most populous metro region will grow a hefty 2.7% next year, the highest on our Top 20 list.
1: Minneapolis-St. Paul-Bloomington Minn.-Wisc.
Health Index: 91.6
2011 Population Forecast: 3,326,400
2011 Total Building Permit Forecast: 4,511
2012 Total Building Permit Forecast: 10,118
If home prices are an indicator of market health–and some would say they are the best indicator–then Minneapolis is very healthy indeed. Home prices are expected to rise 8% next year, the highest rate among the 100 largest housing markets, and a big reason that Minneapolis finishes atop our healthy markets list.
A major hub for medical technology and the headquarters for many large corporations, Minneapolis appears poised for a big rebound in housing. One reason is that employment is forecasted to grow 2.5% next year. Building permit activity fell 21% in the first half of 2011, but it’s expected to more than double in 2012.
About Chris Weymouth & The Weymouth Group, LLC and the TheMDRealEstateBlog.com: Your number one source for Maryland Real Estate Blogs, News, Videos, and more!
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked in the top 1% at Keller Williams Select Realtors, top 1% in Howard County and Maryland among Realtors. Serving Central Maryland and all our friends and family for almost 60 years. Need a Luxury Home Marketing and Buyer Specialist in Howard County (Ellicott City, Woodstock, Clarksville, Marriottsville, Fulton, Laurel, West Friendship, Glenelg, Columbia, Elkridge, Dayton, Mt. Airy, Woodbine and more), Carroll County (Elkridge & Sykesville), Baltimore County (Catonsville, Woodstock, Owings Mills, Pikesville and Reisterstown), Anne Arundel County (Pasadena, Severna Park, Hanover, Severn, Glen Burnie, Annapolis and Odenton), Prince Georges County (Bowie & Laurel), Montgomery County (Silver Spring, Olney, Bethesda and Sandy Spring) or Harford County? We Know This Market! Then call Chris at 443-280-1922 or email at chrisweymouth@kw.com.
// <![CDATA[
/* */
// ]]>
// <
Top 10 Struggling Cities:
AOL writers, Laura Goldstein and Stefanos Chen state, “The housing crisis that began half a decade ago is the cause of most of the foreclosures, even today. The bubble did not burst at the same time across the country. Many of the cities on this list were among the first to be hit. Eight out of the 10 metropolitan areas listed reached a peak median home value in the first quarter of 2006, after which they started declining. Most regions peaked toward the end of 2006, into 2007. This means the regions listed here have been declining longer than the rest of the country.”
Look for my next article on the Top 10 Healthiest Cities by Builderonline.com.
1. Albuquerque, N.M.
Quarterly increase in foreclosures: +151%. # of Foreclosures Q3 2011: 1,358. Unemployment: 6.9%. % home value down from peak: -14.9%
Quarterly increase in foreclosures: +67%. # of Foreclosures Q3 2011: 2,003. Unemployment: 6.6%. % home value down from peak: -15.8%
Quarterly increase in foreclosures: +57%. # of Foreclosures Q3 2011: 1,673. Unemployment: 11%. % home value down from peak: -51.4%
Quarterly increase in foreclosures: +55%. # of Foreclosures Q3 2011: 1,956. Unemployment: 8.7%. % home value down from peak: -15.9%
Quarterly increase in foreclosures: +49%. # of Foreclosures Q3 2011: 2,559. Unemployment: 9.5%. % home value down from peak: -39.3%
Quarterly increase in foreclosures: +44%. # of Foreclosures Q3 2011: 1,039. Unemployment: 11.6%. % home value down from peak: -53.4%
Quarterly increase in foreclosures: +41%. # of Foreclosures Q3 2011: 2,174. Unemployment: 14.9%. % home value down from peak: -54%
Quarterly increase in foreclosures: +36%. # of Foreclosures Q3 2011: 1,348. Unemployment: 11%. % home value down from peak: -59.1%
Quarterly increase in foreclosures: +35%. # of Foreclosures Q3 2011: 1,743 Unemployment: 11.2%. % home value down from peak: -59.3%
10. Columbus, Ohio
Quarterly increase in foreclosures: +32%. # of Foreclosures Q3 2011: 2,273. Unemployment: 7.6%. % home value down from peak: -12.42%
SEARCH FOR FORECLOSURES IN MARYLAND HERE. Look in Howard County, Carroll, County, Baltimore County, Harford County, Anne Arundel County, Prince Georges County and Baltimore City. At the top of the Search Page, adjust the search parameters to Foreclosures.
About Chris Weymouth & The Weymouth Group, LLC:
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked # 1 at Keller Williams Select Realtors, top 1% in Howard County and Maryland. Serving Central Maryland and all our friends and family for almost 50 years. Need a Luxury Home Marketing and Buyer Specialist in Howard, Carroll, Baltimore, Anne Arundel, Prince Georges, Montgomery or Harford County? Then call Chris at 443-280-1922 or email at chrisweymouth@kw.com.
// <![CDATA[
/* */
// ]]>
// <
Don’t see your ZIP below? Click here for to find your ZIP code for homes sales statistics in the region. The numbers are quite telling. If you want to be informed on a monthly basis and get these reports emailed to you for free, click here and in the message box say “Send Me The Report For _______ (list your city, ZIP or County).
Howard County Housing Statistics October 2010 Compared to October 2011
.
Counties
About Chris Weymouth & The Weymouth Group, LLC:
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked # 1 at Keller Williams Select Realtors, top 1% in Howard County and Maryland. Serving Central Maryland and all our friends and family for almost 50 years. You can reach Chris at 443-280-1922 or email at chrisweymouth@kw.com.
// <![CDATA[
/* */
// ]]>
// <
These green luxury homes will not only make you green with envy, however: they are just that – Green Homes. Energy efficient, stylish and opulent all at the same time. Foam concrete walls, radiant heat flooring, and irrigation systems that use re-use rain water. Soon I will share with you a friend who went solar and is almost “off the grid”.
What’s the definition of a Green Home? I recently had a discussion with a friend that was a bit upset of the term “going green” feeling that is was overly misused. Have to agree to a point given that there are many out there that want to take advantage of something worthwhile. I found this to be a good article on the definition of Green Home.
Are you a traveler that would like to stay at accommodations that are Green? Here are a list if hotels that define Green Luxury Digs.
Bird Island features a ZERO ENERGY HOME in Malaysia. The pictures are awesome! See that here.
About Chris Weymouth & The Weymouth Group, LLC:
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked # 1 at Keller Williams Select Realtors, top 1% in Howard County and Maryland. Serving Central Maryland and all our friends and family for almost 50 years. You can reach Chris at 443-280-1922 or email at chrisweymouth@kw.com.
// <![CDATA[
/* */
// ]]>
// <![CDATA[
/*
Visit or site, www.TheWeymouthGroup.com for real estate news, real estate articles, luxury real news and detailed reports.