Housing Tides Index™

The Housing Tides Index is a monthly pulse of the U.S. housing market, offering the most comprehensive yet succinct measure of market health in a consolidated form. Giving an aggregated view of the top 41 markets across the U.S., the index scores each market on its health and ranks each market compared to others. Numbers are generated based on 18 market indicators ranging from unemployment rates and housing permits to rental vacancy and mortgage foreclosure rates.
For more about how we create the Index, read our index methodology or submit a question to our Head Analyst, Jonathan Scott.

One report: A comprehensive picture of the housing market.

The Housing Tides Index is just one piece of the full Housing Tides Report. In addition to the Housing Tides Index, subscribers receive a monthly summary of market trends, single & multi-family permit forecasts for each of the top 41 markets, news sentiment analysis and a forecaster accuracy report card.

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Dive into the information available in the Housing Tides Report.

Housing Tides Index Methodology

The Housing Tides Index is an objective and sophisticated approach to quantifying and comparing the health of U.S. housing markets. Relying on economic theory we’ve identified eighteen economic indicators that inform a holistic assessment of the health and resilience of local housing markets. For each of these indicators, the Tides team concluded what’s “healthy” by determining ranges that indicate sustainable construction volume, robust housing demand, or sensible lending characteristics.

We then allocate Housing Tides Index points according to where each metro area lies with regard to each indicator’s “healthy” range. A perfectly healthy market would receive a score of 100.

Other commercially available national and metropolitan market housing indices, such as the S&P CoreLogic Case-Shiller Index (Case-Shiller Index), include fewer economic indicators and are ultimately lacking of other essential housing industry data. The full Housing Tides report consists of four powerful components. Each component contributes to the overall value and enables a comprehensive assessment of housing market health, while serving as a complimentary asset to other available indices.

 

Variables

Unemployment Rate
Labor Force Participation Rate
Housing Permits /  ∆ Employment Year over Year
Housing Permits / ∆ Households Year over Year
Homeownership Rate
Existing Home Median Sales Price / Income Ratio
Median Rent List Price / Income Ratio
Consumer Confidence
Construction Unemployment Rate
Housing Inventory
Rental Vacancy Rate
Builder Confidence
Construction Cost
Interest Rates
Mortgage Delinquency Rate
Mortgage Foreclosure Rate
Negative Equity
Loan-to-Price Ratio

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