A recent Fortune article reports that Warren Buffet just made a big bet on the U.S. housing market, and from Blue River Development's perspective, it is easy to see why. The recent investment by Warren Buffett's Berkshire Hathaway in three leading U.S. homebuilders – D.R. Horton, Lennar and NVR – signals strong confidence in the U.S. housing market. The investments, worth[...]
In the first half of 2023, the housing market in the United States witnessed a significant downturn in turnover. Redfin reports that only 14 out of every 1,000 U.S. homes changed hands, a drastic decline from 19 out of every 1,000 during the same period in 2019. The drop is even more pronounced for large suburban houses. Let's dive into[...]
As inflation continues to rise, the cost of roofing materials follows suit. Shingles, the most common choice for residential roofs, have seen steady increases in new roof costs over the past few years. Flat roof materials, such as modified bitumen and single-ply membranes, have also experienced a rise in price. Even metal roofing, a more durable option that often has[...]
Lonestar State, Upstate South Carolina and South Georgia Highlight MarketNsight Expansion Aiming to keep up with constantly increasing client demands and requests, Atlanta-based MarketNsight continues to expand its markets around the southeast with recent additions in Texas, South Carolina and Georgia. MarketNsight landed the nation’s Top Two housing markets with the addition of both Houston and Dallas. That was followed by smaller[...]
The lack of housing supply, paired with the demographic shift of the last decade and how Americans live today, is driving the demand for build-to-rent communities in the Atlanta area, according to MarketNsight Principal and Chief Analyst John Hunt. Like Atlanta’s almost historically low levels of housing inventory, build-to-rent communities are a product of both the Great Recession and the[...]
Innovations Drive Georgia Economy toward Normal, Wild Cards Notwithstanding Seventy percent of Georgia’s employment and income are generated in the Atlanta metro area, which “took a huge hit from the 2020 Covid-19 shutdown by devastating the bread and butter of the city’s economy: its convention and meetings business,” said Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson[...]
Forecaster Says Return to Normalcy in 2022 Also Means Return of Pre-Pandemic Economic Concerns Economic optimism about emerging from the pandemic’s shadow is progressing in a two-steps-forward, one-step-back manner, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. “Case in point: 2021 was a tale of two halves. The U.S. economy grew[...]
Chief Economist Dr. Rob Dietz with the National Association of Home Builders spoke to delegates about the state of the housing market during Fall Leadership Meetings in Houston, Texas earlier this month. He cited ongoing supply chain challenges and housing affordability as two of the biggest challenges facing the new home building industry. Government regulations, material and labor price increases[...]
The Georgia economy is outpacing the nation in terms of recovery from the 2020 pandemic shutdown, but further disruptions of the global supply chain could be felt from the port of Savannah to the boardrooms of Atlanta, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. Georgia Recovery Highlights Georgia will[...]
In our tech-savvy society, it’s easy to get lost in all the financial planning apps and tools at our disposal. There are a multitude of apps to help people track eating and fitness as well as other things. Smartphones are convenient tools to monitor bank accounts and credit card payments, so it’s not surprising that apps exist designed to help[...]