| Typically, a five-year moving average of all types of construction (as
reported by building permits) corresponds closely to a five-year moving
average for overall housing demand (defined as household change plus
replacement requirements). The five-year moving average allows sufficient
time for adjustment to prices and rents, and tenure shifts (owner versus
renter). On a year-to-year basis, it is important to note the difference
between incremental demand required to maintain a balanced housing market,
and the expected turnover in the market (which includes the incremental
change). |
YOUR Primary Market Area
As of any date through 2015
|
SALES
PRICE IN
CURRENT
DOLLARS
|
Annual
Incremental
Demand |
Annual
Turnover
Demand |
|
$150,000 + |
336 |
2,352 |
|
$200,000 + |
164 |
1,148 |
|
$250,000 + |
54 |
378 |
|
$300,000 + |
28 |
196 |
|
$350,000 + |
10 |
70 |
Source: Estimated by URBEK®. Note: Sales demand includes all structure
types.
|
