{"id":215,"date":"2018-06-20T23:23:12","date_gmt":"2018-06-20T23:23:12","guid":{"rendered":"https:\/\/latcheldev.wpengine.com\/blog\/housing-in-america-market-status\/"},"modified":"2019-07-26T10:58:34","modified_gmt":"2019-07-26T17:58:34","slug":"housing-in-america-market-status","status":"publish","type":"post","link":"https:\/\/latchel.ticksites.com\/wp2\/housing-in-america-market-status\/","title":{"rendered":"Housing in America: Market Status"},"content":{"rendered":"<p><a href=\"https:\/\/www.marketwatch.com\/story\/the-state-of-the-nations-housing-stagnant-unequal-far-too-expensive-2018-06-19\" target=\"_blank\" rel=\"noopener noreferrer\">Marketwatch<\/a>\u00a0published a piece reviewing housing in America. The current status?<\/p>\n<figure>\n<blockquote><p>\u201cHousing in America is pricey, immobile, and unequal.\u201d<\/blockquote><figcaption class=\"source\">\u2014 http:\/\/www.jchs.harvard.edu\/state-nations-housing-2018<\/figcaption><\/figure>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/06\/housing-cost.jpg\" alt=\"\" \/><\/p>\n<p>Fewer Americans are home-owners versus when the study was first published in 1988. That says a lot about the current state of housing in America.\u00a0Nearly one-third of American households, or 38.1 million, paid more than 30% of their incomes for housing in 2016, making them \u201ccost-burdened.&#8221;<\/p>\n<p>It has particularly been a hard on youth, no longer able to move out of the nest. In general, Americans are also staying in one place for longer as they are reluctant to move.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/06\/housing-mobility.jpg\" alt=\"\" \/><\/p>\n<p>Remember that price ratio chart at the top of the page. I&#8217;ll leave you with this nice GIF of how that chart looks over time.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/06\/accelerated-housing-costs.gif\" alt=\"\" \/><\/p>\n<hr \/>\n<h2>US Growth Peaking<\/h2>\n<figure>\n<blockquote><p>\u201cU.S. growth \u201cis close to a peak\u201d and momentum will be \u201ccooling from here,\u201d said Gregory Daco, head of U.S. macroeconomics at Oxford Economics.\u201d<\/p><\/blockquote>\n<\/figure>\n<p>Recent data has shown a large drop in new construction permits, manufacturing is cooling due to oil prices and tariffs, and the housing market hasn&#8217;t grown as fast as in previous quarters. NREI says on housing:<\/p>\n<blockquote><p>While groundbreaking on homes jumped to the strongest in more than a decade, it was largely due to a surge in the Midwest and helped by conducive weather. Permits &#8212; a proxy for future construction &#8212; fell for a second month.<\/p><\/blockquote>\n<p>What does it all mean?\u00a0We&#8217;re past the US&#8217;s 10th straight year of expansion, so we&#8217;d naturally expect some &#8216;cooling off.&#8217; Trade concerns seem to be the biggest issue for economists. Our trade relationship with China is a high risk factor that could not only affect our trade economy, but could potentially impact foreign investment from China in the US housing market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"white-space: pre-wrap;\">Fewer Americans are home-owners versus when the study was first published in 1988. That says a lot about the current state of housing in America.&nbsp;Nearly one-third of American households, or 38.1 million, paid more than 30% of their incomes for housing in 2016, making them \u201ccost-burdened.&#8221;<\/p>\n<p style=\"white-space: pre-wrap;\">It has particularly been a hard on youth, no longer able to move out of the nest. In general, Americans are also staying in one place for longer as they are reluctant to move.<\/p>\n","protected":false},"author":5,"featured_media":219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[151,150,149],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Housing in America: Market Status | Latchel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latchel.ticksites.com\/wp2\/housing-in-america-market-status\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing in America: Market Status | Latchel\" \/>\n<meta property=\"og:description\" content=\"Fewer Americans are home-owners versus when the study was first published in 1988. That says a lot about the current state of housing in America.&nbsp;Nearly one-third of American households, or 38.1 million, paid more than 30% of their incomes for housing in 2016, making them \u201ccost-burdened.&quot;It has particularly been a hard on youth, no longer able to move out of the nest. In general, Americans are also staying in one place for longer as they are reluctant to move.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latchel.ticksites.com\/wp2\/housing-in-america-market-status\/\" \/>\n<meta property=\"og:site_name\" content=\"Latchel\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/latchel\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-20T23:23:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-26T17:58:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latchel.ticksites.com\/wp2\/wp-content\/uploads\/2018\/06\/MW-GK926_price__20180614134002_NS.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"579\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@latcheldotcom\" \/>\n<meta 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