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Professional Associations | Regulatory Agencies | ||||
| » North Carolina Assoc. of Realtors | » North Carolina Real Estate Comm. | |||||
| » Mortgage Bankers Assoc. of the Carolinas | » Commisioner of Banks | |||||
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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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| Unemployment and low demand continues to delay recovery of Charlotte’s housing market |
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MetroStudy - (Charlotte, NC– May 1, 2011) The Charlotte housing market had a weak start to 2011, 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. The Charlotte MSA has added 4,600 new jobs over the last twelve months as of March 2011, but the unemployment rate remains very high at 10.4%. “We need job growth to significantly improve to stimulate home buying demand so that builders will be encouraged to start more homes,” said Bill Miley, director of Metrostudy’s Charlotte division. Charlotte has yet to see any rebound in new housing starts as demand remains low. During 1Q11, Charlotte started 888 new homes, 37.4% less than 1Q10. Closings totaled 1,095 units, down 11.6% from last year. Since closings outpaced starts, inventory continued its seven-quarter decline to 4,507, representing a 9.3 month supply. A 6-8 month supply is considered equilibrium. Despite our high unemployment, Charlotte continues to rank solidly in the top twenty metropolitan statistical areas for single family permits at number 16 in the country. “Our detached housing market is well positioned to take advantage of any improving local demand,” said Miley. The 2,835 detached inventory homes as of 1Q11 reflected a normal and healthy 7.2-month supply, the same as 4Q10. There were 1,521 finished vacant detached homes at quarter’s end corresponding to a 3.8-month supply. “The affordability of detached new housing in Charlotte is without question and current supply levels are well within equilibrium. We continue to wait for a change in the wind direction of consumer confidence and real job growth,” said Miley. About Metrostudy
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