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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| San Antonio Housing Market Primed for Growth |
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MetroStudy - (San Antonio, TX– May 1, 2011) The housing market in San Antonio is primed to grow as housing inventory has reached its lowest point in a decade, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. Recent data published by the Texas A&M Real Estate Center and the San Antonio Board of Realtors shows the San Antonio resale market continues to improve, though the sales pace has decreased annually by 2.4% compared to the tax credit inflated numbers of early 2010. There were 18,368 closings during the twelve-month period ending February 2011. Inventory levels are following the normal seasonal trend, increasing from 7.8 months of supply in February 2010 to 7.9 months in February 2011. The equilibrium in this market is considered 5.5-6.5 months. “The count of the first quarter numbers shows the San Antonio new home market normalizing following the surge in demand due to the new-homebuyer tax credit,” said Randall Allsup, director of Metrostudy’s San Antonio Region. Annual starts were at 7,117, 8% lower than in 1Q10, and 1,461 homes were started in 1Q11, down 24% compared to 1Q10. 1,562 new homes closed, a 10% decrease from 1Q10. “Annual comparisons will be muddled as the market is acting without the aid of government stimulus.” “The months of supply of finished inventory will remain stubbornly high until the rate of new home closings accelerate, although the total number of homes in inventory remain one of the lowest in the nation for a major metropolitan area.” said Allsup. There were a total of 3,579 homes in inventory, which represents a 5.6 months supply. Finished inventory totaled 1,549, which represents 2.4 months of supply. “San Antonio should remain one of the more affordable major metropolitan areas though market share has been consistently moving upwards,” said Allsup. 67% of all new housing starts in San Antonio were priced below $225,000 but has been shrinking over the past few years as the cost of land, construction costs, and government fees continue to rise . “Lot availability will continue to be a major story in 2011 as the lot supply of San Antonio continues to decline, and development financing remains in short supply. As the market starts to grow the lack of lot replenishment will begin to constrain the marketplace.” said Allsup. About Metrostudy Contact:
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