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NATIONAL ASSOCIATION OF HOME BUILDERS 2012 Single Family Starts = 535,000 Up 24% from 2011 This represents 44% of what would be considered normal (1.2170M)

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Presentation on theme: "NATIONAL ASSOCIATION OF HOME BUILDERS 2012 Single Family Starts = 535,000 Up 24% from 2011 This represents 44% of what would be considered normal (1.2170M)"— Presentation transcript:

1 NATIONAL ASSOCIATION OF HOME BUILDERS 2012 Single Family Starts = 535,000 Up 24% from 2011 This represents 44% of what would be considered normal (1.2170M) Forecast 2013 = 650,000 SF + 22% Forecast 2014 = 845,000 SF + 30%

2 CORE LOGIC IN 2012: Total Homes Sales Increased 6% Non-Distressed Home Sales Increased 11% REO Sales Declined 20% (3 rd consecutive decline) Serious Delinquencies Dropped 7.4% 6.9% Core Logic Home Price Index (based on repeat sales) Increased 6.3% (largest since 2006)

3 GLAR MLS 2012 Existing Home Sales Have Posted Six Consecutive Quarters of Sales Growth (starting in Q3 2011) Houses Sold on MLS 06 07 08 09 10 11 12 12 vs.11 15,181 14,748 11,369 11,648 11,442 10,974 12,724 +15.9% Median Sales Price 06 07 08 09 10 11 12 12 vs.11 138.5 139.0 134.9 132.0 138.0 134.1 140.0 +4.3% Average and Cumulative Day on Market Both Down in 12 vs. 11

4 Residential Building Permits 2012 2012201112 vs 11 Jefferson1003671+49.4 Oldham 156112 39.3 Shelby 136 73 86.3 Spencer 47 46 2.2 37.1 Bullitt 292213 37.1 1634 1115+46.5% Clark 349227+53.7 Floyd 169 98 72.4 Harrison 96 64 50.0 614389+57.8% 8-County Total 2,248 1504+49.5% Note: Nelson 114122 -6.6% Hardin 254210 +21% Source: The Market Edge

5 Residential Building Permit 2012 Market Comparison %CHANGE MARKET 2012 vs. 2011 LouisvilleKY42.5% LexingtonKY33.1% EvansvilleIN24.3% AshevilleNC21.5% CharlotteNC30.4% FayettevilleNC------- HickoryNC12.3% TriadNC 3.2% TriangleNC31.8% UpstateNC32.1% ChattanoogaTN27.7% KnoxvilleTN23.9% Tri-CitiesTN -4.5% Source: The Market Edge

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15 Permits 4225 4790 5015 5137 4348 5294 3749 3297

16 Permits 4225 4790 5015 5137 4348 5294 3749 3297

17 Source: local government permitting departments J11J111 F MAMJJASONDJ 12 FMAMJJASOND -27.7% -18% -11.7% -22.5% -2.4% 59.6% 34.2% 13.2% -1.2% 97.5% 49.5% 48.8% 29.9% 38.6% 52.6%


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