Market Insider - May 2014

Page 1

May2014

SLI FERSMI TH & FRAMPTON REALESTATE

Ma r ke tI ns i de r SUMMI TCOUNTYEDI TI ON

RESI DENTI ALVOLUMEYEARTODATE

RESI DENTI ALTRANSACTI ONSYEARTODATE

$182, 990, 416

351

341

297 279 223

$107, 744, 000 170

Sour c e:MLSDat a

COLORADO CONSTRUCTI ON GEARI NG UPFASTERTHAN OTHERSTATES.TheDenverPost,4/18/2014

Cons t r uc t i ongai nsout s i deofhous i ngr emai nt epi dnat i onal l y ,butCol or adoi sbuc k i ngt hatt r end."Par toft hi si sas t or yofemer gi ng ec onomi cmoment um, "s ai dAni r banBas u,c hi efec onomi s twi t hAs s oc i at edBui l der sandCont r ac t or s ,whogav eaf or ec as tThur s day mor ni ngi nDenv er ."Thi shel psex pl ai nt oal ar geex t entwhyt hes t at e' sec onomyhasbec omet ur boc har gedl at el y , "Bas us ai doft he ongoi ngener gyboom.Cons t r uc t i onhi r i ngi nCol or adot hr oughFebr uar yi sup6per c ent ,c ompar edwi t ha2. 5per c entannualpac e nat i onal l y ,not ed KenSi mons on,c hi efec onomi s toft heAs s oc i at ed Gener alCont r ac t or sofAmer i c a,dur i ng anec onomi cwebc as t s pons or edbyReedCons t r uc t i onDat a. nman. c om,5/ 02/ 2014 J OBSDATAOFFERSMOSTLYPOSI TI VEOUTLOOKFORHOUSI NG.I

J obgr owt hi nt hec ons t r uc t i oni ndus t r yandmet r oar eashi tpar t i c ul ar l yhar dbyt hehous i ngc ol l aps ec ont i nuest oout pac eov er al l gr owt h, butempl oy mentamongy oungadul t s ,av i t al s our c eofhous i ngdemand,has n’ tf ar edaswel l r ec ent l y ,ac c or di ngt or ec entj obsnumber s . Res i dent i alc ons t r uc t i onempl oy mentj umpedby13, 100mont hov ermont hi nApr i land29, 500f r om t hr eemont hsbef or e,s ai dTr ul i a Chi efEc onomi s tJ edKol k o, c i t i ngt hel at es tj obsr epor tf r om t heU. SDepar t mentofL abor . Onanannual bas i s , t henumberofj obsi nt he i ndus t r yi nc r eas ed5per c ent ,wel laheadoft henat i onalgr owt hr at eof1. 7per c ent ,t heec onomi s ts ai d.Rec entj obsgr owt hi nmar k et s pummel edbyt hehous i ngc r i s i spr ov i desanot herpos i t i v es i gnf orhous i ng,Kol k os ai d. t or mag. c om,4/ 02/ 2014 VACATI ON HOMESALESSURGEI N 2013;I NVESTMENTPROPERTYDECLI NES.Real

Vac at i onhomes al esr os es t r ongl yi n2013,whi l ei nv es t mentpur c has esf el lbel ow t heel ev at edl ev el ss eeni nt hepr ev i oust woy ear s , ac c or di ngt ot heNat i onal As s oc i at i onofREAL TORS®. NAR’ s2014I nv es t mentandVac at i onHomeBuy er sSur v ey , c ov er i ngex i s t i ng-and newhomet r ans ac t i onsi n2013,s howsv ac at i onhomes al esj umped29. 7per c entt oanes t i mat ed717, 000l as ty earf r om 553, 000i n2012. NARChi efEc onomi s tL awr enc eYunex pec t edani mpr ov ementi nt hev ac at i onhomemar k et .“Gr owt hi nt heequi t ymar k et shasgr eat l y benefit edhi ghnet wor t hhous ehol ds ,t her ebypr ov i di ngt hewher ewi t halandc onfidenc et opur c has er ec r eat i onalpr oper t y , ”hes ai d. Vac at i onhomes al esac c ount edf or13per c entofal lt r ans ac t i onsl as ty ear ,t hei rhi ghes tmar k ets har es i nc e2006,whi l et hepor t i onof i nv es t ments al esf el l t o20per c enti n2013f r om 24per c enti n2012.

REALESTATEFI RM:DENVERAMONG HOTTESTMARKETSI N U. S.5280,4/07/2014

Wi t ht heRoc k i es ’homeopenerhav i ngc omeandgone,s pr i nghasar r i v edont heFr ontRange.Amongot hert hi ngs ,t y pi c al l yt hi spl ac e ont hec al endarmar k sar ebi r t hi nac t i v i t yi nDenv er ’ sr eales t at emar k et ,whi c hc anbeabi tdor mantdur i ngwi nt er .Ri ghtonc ue,a nat i onal r eal es t at efir m,Redfin,r ec ent l yr ank edDenv erast hehot t es tmar k eti nt hec ount r y . Denv erhomesar es el l i ngf as t ert hanany wher ei nt hec ount r y ,ac c or di ngt oRedfin,wi t h27per c entofnewl i s t i ngst ur ni ngt opendi ng s al esi nt hr eeday sorl es s .( Thatfigur ei supni neper c entf r om t hepr ev i ousy ear . )


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