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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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| St. George housing market looks to improve |
| Friday, 20 May 2011 08:09 |
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MetroStudy - (St. George, UT – May 1, 2011) The St. George housing market is showing fundamentals for improvement, 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. According to recently released data, which was also adjusted by the Bureau of Labor Statistics (BLS), the St. George MSA began adding jobs on a year over year basis in December 2010. As of March, there has been a net increase of 1,000 jobs, which represents a .67% annual growth rate. “The return in actual job growth is a major hurdle for the market and will have a positive affect on the housing market as we continue to climb out of the recession,” said Eric Allen, director of Metrostudy’s St. George Division. The unemployment rate was at 9.6% as of March 2011, which is lower than the national average of 8.8% (as of March 2011). Annual new home starts for attached and detached homes in the St. George market actually experienced a slight increase during the most recent quarter, 1Q11. As of the end of March 2011, the entire market started a total of 655 new homes during the past 12 months. This number has increased 21.7% form the annual pace one year ago, and 7.2% more than last quarter. During the first quarter of 2011, new home starts increased 108% when compared to 4Q10. Annual closings ending March 2011 also increased, at 12.2% compared to last year at this time.Overall new home inventory in the St. George market remains in equilibrium, and based on current demand there is a 5.5 month supply for both attached and detached homes. Finished vacant home inventory remains low with a total of 85 detached homes on the ground, which translates to a 1.5 month supply. “As the market continues to maintain a very low level of finished vacant home inventory, builders are being forced to start building new homes in order to keep up with the current demand,” said Allen. “While the market will continue to face some headwinds throughout the year, the fundamentals for an improving economy are in place—job growth, the potential for improving starts, and inventory within equilibrium,” said Allen. “Job growth especially is a key factor in the recovery process.” About Metrostudy Contact:
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