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8/14/2019 Regional Housing Update 10-2009
1/8
Regional Housing UpdateOctober 2009
Reports from District homebuilders indicated that that new home sales in the region turned
slightly positive in September on a year-over-year basis. August sales were even with a year
earlier. September improvements were driven largely by improvements among Florida con-
tacts. Weakness remained most pronounced among Georgia builders. Contacts also noted
that buyer traffic softened somewhat during August. Most continued to report that home
prices declined on a year-over-year basis while inventories continued to trend down. Overall
construction activity remained below the year earlier level and was little changed from Au-
gust. The outlook for sales improved while construction activity was expected to slow.
Homebuilder Survey
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
SalesActivity vs. Year Ago
GA FL AL, LA, MS, TN
Key:+1 = Increase
0 = No Change
-1 = Dec rease
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Construction Activity vs. Year Ago
8/14/2019 Regional Housing Update 10-2009
2/8
Regional Housing UpdateOctober 2009
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Inventory of Unsold Homes vs. Year Ago
GA FL AL, LA, MS, TN
Key:
+1 = Increase
0 + No change
-1 = Decrease
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Selling Price vs. Year Ago
GA FL AL, LA, MS, TN
Key:
+1 = Increase
0 = No change
-1 = Decre ase
8/14/2019 Regional Housing Update 10-2009
3/8
Regional Housing UpdateOctober 2009
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Average of Survey
Responses
Homebuilder Activity
Material Cost vs. Year Ago
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Labor Cost vs. Year Ago
GA FL AL, LA, MS, TN
8/14/2019 Regional Housing Update 10-2009
4/8
Regional Housing UpdateOctober 2009
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Sales Activity over the Next 3 Months vs. Year Ago
GA FL AL, LA, MS, TN
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Homebuilder Activity
Construction Activity over the Next 3 Months vs. Year Ago
Key
+1 = Increase
0 = No Change
-1 = Decrease
8/14/2019 Regional Housing Update 10-2009
5/8
Regional Housing UpdateOctober 2009
District Builder Responses: September vs. a Year Ago
Responses in terms of percent, may not sum to 100 due to rounding
AL FL GA LA MS TN District
Activity compare to plan:Above Plan 0 27 0 0 0 0 10At Plan: 45 36 50 0 33 0 35
Below Plan: 55 36 50 100 67 100 55
Construction
Up significantly 0 23 0 0 0 17 8
Up slightly 24 31 13 50 33 0 24
No Change 29 15 13 25 33 17 22
Down slightly 24 23 25 25 0 50 25
Down significantly 24 8 50 0 33 17 22
Sales
Up significantly 0 15 13 25 0 33 12
Up slightly 17 54 0 50 50 17 27
No Change 39 8 25 25 0 17 24
Down slightly 22 15 13 0 0 0 14
Down significantly 22 8 50 0 50 33 24
Buyer Traffic
Up significantly 0 0 8 0 0 14 3
Up slightly 20 13 8 29 33 0 15
No Change 40 63 46 29 33 71 48
Down slightly 8 0 0 0 0 0 3
Down significantly 32 25 38 43 33 14 31
Selling Price
Up 0 0 13 0 0 17 4
No Change 33 17 13 50 50 0 23
Downs 67 83 75 50 50 83 72
Material Price
Up 12 0 0 0 0 0 4
No Change 47 33 63 75 33 17 44
Down 41 67 38 25 67 83 52
Inventory of Unsold Homes
Up 19 8 0 0 0 25 12
No Change 13 0 33 33 50 0 14
Down 69 92 67 67 50 75 74
Difficulty Filling Positions
More 0 8 0 0 0 0 3
No Change 36 25 57 0 0 20 32
Less 64 67 43 100 0 80 65
Labor Costs
Up 6% + 0 0 0 0 0 0 0
Up 5-6% 0 0 14 0 0 0 2
Up 4-5% 0 0 0 0 50 0 2
Up 3-4% 0 0 14 0 0 0 2
Up 1-3% 6 0 14 0 0 0 4
No Change 31 42 43 0 50 20 33
Down 63 58 14 100 0 80 56
8/14/2019 Regional Housing Update 10-2009
6/8
Regional Housing UpdateOctober 2009
Reports from District Realtors indicated that home sales in the region improved during Sep-
tember on a year-over-year basis, up slightly. In September, nearly half of respondents re-
ported that sales increased following reports in August, where nearly half reported sales de-
clined. Improved sales in September were strongest among Florida and Georgia contacts
with the majority reporting year-over-year gains. District buyer traffic softened somewhat in
September but half of the contacts reported that traffic levels remained above the year ear-
lier level. Listing inventories exceed the year earlier level in. The outlook for sales over the
next three months continued to weaken in September but remained slightly positive.
Residential Real Estate Survey
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
District Home Sales
Curent Activity vs. Year Ago
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
District Home Sales
Activity over the Next 3 Months vs. Year Ago
AL, LA, MS, TN Florida GA
Key:
+1 = Incre ase
0 = No change
-1 = Decre ase
8/14/2019 Regional Housing Update 10-2009
7/8
Regional Housing UpdateOctober 2009
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
Inventory of Homes For Sale vs. Year Ago
-1.0
-0.5
0.0
0.5
1.0
06 07 08 09
District Home Sales
Selling Price vs. Year Ago
AL, LA, MS, TN FL GA
8/14/2019 Regional Housing Update 10-2009
8/8
Regional Housing UpdateOctober 2009
District Realtor Responses: September vs. a Year Ago
Responses in terms of percent, may not sum to 100 due to rounding
AL FL GA LA MS TN District
Activity compare to plan:
Above Plan 8 13 20 0 0 11 11
At Plan: 31 50 20 0 0 44 35
Below Plan: 62 38 60 100 100 44 54
Total sales
Up significantly 7 32 0 0 0 0 11
Up slightly 11 53 57 100 25 41 35
No Change 22 5 0 0 25 18 15
Down slightly 30 0 0 0 0 24 16
Down significantly 30 11 43 0 50 18 24
Buyer Traffic
Up significantly 11 39 0 0 0 6 15
Up slightly 22 44 43 100 25 41 35
No Change 22 6 14 0 25 29 19
Down slightly 11 6 14 0 25 18 12
Down significantly 33 6 29 0 25 6 19
Condominium sales
Up significantly 6 21 0 0 0 0 7
Up slightly 17 14 0 0 100 6 14
No Change 50 21 0 0 0 65 40
Down slightly 17 29 40 0 0 12 19
Down significantly 11 14 60 100 0 18 19
Overall Sales Prices
Up significantly 0 0 0 0 0 0 0
Up slightly 15 0 14 0 0 6 8
No Change 19 6 14 0 0 18 14
Down slightly 52 28 29 100 100 47 46
Down significantly 15 67 43 0 0 29 32
Inventories of Unsold
Homes
Up 46 35 60 0 0 59 44
No Change 15 6 0 0 100 35 21
Down 38 59 40 100 0 6 34
What are your expectations for
sales over the next three
months compared with the
prior year level?
Up significantly 0 16 0 0 0 0 4
Up slightly 36 53 43 0 0 33 38
No Change 20 11 0 100 50 22 19
Down slightly 32 16 29 0 50 28 27
Down significantly 12 5 29 0 0 17 12