News Releases

Housing Tides Index™ June 2017 – Housing Data Shows Improvement as Mortgage Delinquencies and Foreclosures Fall to New Lows

FOR IMMEDIATE RELEASE

U.S. housing markets strengthened marginally this month as the Housing Tides Index rose to 72.3 from 71.8 in May. This represents a modest improvement over the Index value of 70.0 in June 2016, and 26 of the 41 metropolitan areas tracked recorded higher Index scores this month when compared to one year ago.

June 15, 2017, DENVER – This week marks the release of the June 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. This month’s Index update reveals an improvement in housing market health as loan performance improved to the best levels in nearly a decade.

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 – June 2017

    • Black Knight Financial Services (BKFS) recently reported that the mortgage delinquency rate fell to 3.62% in March, and a review of historical U.S. mortgage delinquency data provided by the Federal Reserve Bank of St. Louis shows that this is the lowest rate of mortgage delinquency since late 2007. This continues the trend of mortgage market normalization, though delinquencies have not yet fallen to their pre-recession level of less than 3% of borrowers delinquent. On a similar note, BKFS reported a fall in the foreclosure rate to 0.88% of all mortgages, which is also a multi-year low. However, considerable differences in foreclosure rates remain among U.S. states. States with a judicial foreclosure process where proceedings must go through a court still have far higher foreclosure rates; judicial states New York and New Jersey had rates over 2.5% in March per the BKFS report, while non-judicial states Colorado and California recorded foreclosure rates of 0.2% and 0.3%, respectively.
    • After falling at the end of 2016, median asking rents for two-bedroom units have risen in two straight months according to latest data from Zillow. Still, with the asking rate at $1,575 per month nationally in April, rents remain below the peak of $1,750 seen June 2014. We expect rent price increases to ease in the near term given the high number of rental units under construction (U.S. Federal Reserve data show 612.1k housing units in buildings with five or more units under construction in April, the highest total since late 1974).
    • However, despite the large number of apartments approaching completion, upward pressure on rental prices should continue due to persistent tightness and rising prices in the for-sale market. Real estate brokerage Redfin reported that housing supply edged up slightly to 3.1 months of supply nationally in April while the median sales price reached a new high of $280k. 26 of the 41 metro areas tracked by the Tides team set new highs for nominal post-recession median sales price in April.
    • The Federal Housing Finance Agency reported that the U.S. effective mortgage interest rate for loans closed decreased to 4.1% in April after peaking at 4.4% in February. As such, mortgage interest rates are higher than the recent low of 3.72% seen just prior to the presidential election, though rates remain favorable when compared to the historical norm.
    • Single-family housing permits rose sharply in March, increasing more than 30% month-over-month. The Census Bureau reports 40,100 permits approved across the 41 metro areas we track, which is the highest total since June 2006. Multi-family permit approvals increased in March, but the six-month moving average fell to 23,900 permits per month.

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

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Media 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 Media Monthly Pulse here.

For deeper insights into the Housing Tides Index, read our most recent blog discussing the indicators which are necessary to assessing market health.

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.For further information, please visit housingtides.com and connect on Twitter, Facebook and LinkedIn.

Housing Tides is proudly partnered with IBM Watson®.

For the original version on PRWeb visit: http://www.prweb.com/releases/2017/05/prweb14316184.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™ May 2017 – Housing Health Falls for Second Straight Month as Supply Decreases Further

FOR IMMEDIATE RELEASE

U.S. housing and homebuilding market health declined again as the Housing Tides Index™ fell to 71.7 in May from 72.4 in April. The Index still indicates improved conditions from its year-ago value of 70.5.

May 11, 2017, DENVER – This week marks the release of the May 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 Index value suggests that market health remains on solid ground despite the persistent mismatch between housing supply and demand.

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 – May 2017

    • The fall in housing supply constituted the biggest movement among Index variables this month, as Redfin reported a decrease to just 2.9 months of supply at the current sales rate. This is tied with December 2016 for the tightest supply of housing on record since Redfin data began in 2010. Note that although the total number of homes listed for sale improved to 707k month-over-month, this increase was outpaced by a sharp increase in the rate of sales, pushing the months-of-supply measure lower. Substantial variation across local markets remains, but 40 of the 41 metropolitan areas tracked by Housing Tides show less than six months of supply, which is widely agreed upon as a healthy, balanced level.
    • Last month we highlighted the construction unemployment rate which had reached a 22-month high of 9.4% in January. As expected, latest data from the Bureau of Labor Statistics show industry unemployment dropped to 8.8% in February as homebuilders ramped up operations to begin the warm-weather construction season. The improvement in this metric partially offsets the negative effect of the decrease in housing supply on the Index.
    • Zillow reported a fall in asking rents for two-bedroom units to $1,500 per month in February, and January’s figure was upwardly revised to $1,545 per month. Census data show rental vacancy remained near 7% in the first quarter, suggesting stability in rental prices in coming months. Availability of rental units and moderating rent costs are beneficial to prospective homebuyers that have been deterred by tight housing supply and rising home prices in recent years.
    • The median home sales price increased to $273k in March, up 4.5% month-over-month. The median sales price has increased 7.5% since March 2016, though home prices remain lower than the peak of $277k seen in June 2016. Extreme tightness in housing supply should continue this trend in the near future, and we wouldn’t be surprised to see home prices surpass last year’s peak as the summer proceeds.
    • The Consumer Confidence Index fell to 120.3 from its multi-year high of 124.9 in March, but the current level continues to indicate considerably optimistic consumer outlook in historical context. In a press release The Conference Board explained that “Looking ahead, consumers were somewhat less optimistic about the short-term outlook for business conditions, employment, and income prospects. Despite April’s decline, consumers remain confident that the economy will continue to expand in the months ahead.”
    • Single-family housing permits rose sharply in March, increasing more than 30% month-over-month. The Census Bureau reports 40,100 permits approved across the 41 metro areas we track, which is the highest total since June 2006. Multi-family permit approvals increased in March, but the six-month moving average fell to 23,900 permits per month.

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

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Media 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 Media 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/2017/05/prweb14316184.htm

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Media Contact:

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

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.

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

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Media 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 Media 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™ 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.

 

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

 

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Media 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 Media 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 Media 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 Media 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.

 

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

Click here to view the complete Housing Tides Index of the top 41 U.S. markets.

Media Exclusive! Housing Tides Media 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 Media 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

sharpspring-automate-email-headerartboard-1

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