News Releases

Housing Tides Index™ April 2017 – Market Health Falls with Rise in Construction Sector Unemployment

FOR IMMEDIATE RELEASE

The Housing Tides Index™ fell to 72.4 in April, down 1.1 points from March. April’s score is the lowest Index value in the past six months, though only 0.1 point lower than April of 2016.

April 13, 2017, DENVER – This week marks the release of the April 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. At 72.4, the Index shows the U.S. housing market remains strong even with a rise in the construction sector unemployment rate and tight housing supply.

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 – April 2017

    • The construction unemployment rate rose to 9.4% in January, up considerably from a 4.5% rate in June 2016. It’s difficult to reconcile the reported construction unemployment rate with the tales of labor scarcity coming from the industry in recent years, though part of the disconnect may be due to the grouping of workers into the larger construction supersector; for instance, there may be a relative surplus of unskilled laborers and a simultaneous shortage of skilled tradespersons, a distinction that isn’t made in the overall rate.
    • Median asking rents for two-bedroom units increased nationally in January to $1,536 per month, contributing in part to the fall in this month’s Index value. Moreover, asking rents increased in 37 of the 41 major metropolitan areas covered by Housing Tides.
    • Housing inventory remains below our healthy target of six months of supply, and with only 678k homes on the market in February this represents just four months of supply at the current sales rate. For-sale inventory is down 12.9% from February 2016 when there were over 100k more homes on the market.
    • The U.S. unemployment rate fell to 4.9% in February after increasing to 5.1% in January. We interpret this level of unemployment as balanced between supporting wage growth while enabling employers to find needed workers.

National Housing Tides GraphicApril 2017_2@1x

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

Top 10 Housing Tides MarketsApril 2017_4@1x

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 https://www.housingtides.com.
Housing Tides is proudly partnered with IBM Watson®.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/03/prweb14132231.htm

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Media Contact:

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

Previous Releases – Click to Expand

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 vlaue 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 2017

  • 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.

3 2017 Housing Tides National Map without CommentaryArtboard 1 copy 2

 

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

Housing Tides Index - Top 10 Markets - February 2017

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 https://www.housingtides.com.
Housing Tides is proudly partnered with IBM Watson®.
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Media Contact:

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

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.

March 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.

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 https://www.housingtides.com.
Housing Tides is proudly partnered with IBM Watson®.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/03/prweb14132231.htm

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Media Contact:

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

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 https://www.housingtides.com.
Housing Tides is proudly partnered with IBM Watson®.
###

Media Contact:

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

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

FOR 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. 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