Tag Archives: housing market trends

Housing Value Appreciation by 3-Digit ZIP Code: 2015Q3-2016Q3

.. tools, data and methods to examine housing value appreciation from 2015Q3 to 2016Q3 by 3-digit ZIP code based on the Housing Price Index (HPI).  How is the housing value changing in areas of interest?  How does housing value appreciation compare among a set of ZIP codes? Which ZIP code areas have the highest and lowest housing value appreciation in a state, region custom defined areas of interest? The HPI is calculated in part using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages. The U.S. all transactions HPI rose 5.6 percent from the 3rd quarter of 2015 to the 3rd quarter of 2016. Rank, compare, evaluate quarterly or annual housing value change for the approximate 900 3-digit ZIP code areas using the interactive table.

3-Digit ZIP Codes with Highest Housing Value Appreciation
Derived from the interactive table below this table shows the ten 3-digit ZIP codes having the highest housing value appreciation over the year 2015Q3-2016Q3. The areas are ranked on percent HPI change (rightmost column).

Gaining Insights in Housing Prices, Conditions & Markets
.. data, tools and methods to assess characteristics, patterns & trends
.. weekly Housing Data Analytics Lab sessions

Patterns of Housing Value Change by 3-Digit ZIP Code
The following graphic shows housing value appreciation 2015Q3-2016Q3 by 3-digit ZIP code based on the HPI. Use related GIS tools to zoom-in, assign labels, show in context with other geography.

– view developed using CVGIS and related GIS project.
– Click graphic for larger view and details;

Examining Housing Appreciation by 3-Digit ZIP Code
Use the interactive table below to view/rank/compare the non-seasonally adjusted “all transactions” HPI for the most recent 5 quarters for all 3-digit ZIP codes. The ranking table shows the latest quarterly HPI data and preceding quarters for one year earlier. This table will be updated on February 24, 2017, with 4th quarter 2016 data and related prior quarterly estimates and re-computed quarterly change values (last column).

Using the Interactive Table
The following graphic illustrates use of the HPI by 3-digit ZIP code interactive table. HPI data are shown for the quarterly period 2015Q3 through 2016Q3. The state selection below the table has been used to select only California ZIP codes. The Group1 button below the table has been used to select ZIP codes with a 2016Q3 HPI value of 175 ore more. The table is then sorted on the rightmost column. The resulting view shows that among all California 3-digit ZIPs having an HPI of 175 or more in 2016Q3, ZIP code 948/Richmond CA had the highest housing value appreciation — a 10.6% increase over the year.

Use the interactive table to examine states or ZIP code groups of interest.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.

New Monthly Residential Construction by Metro Updates

.. tools, data & methods to assess the housing situation, examine housing supply and demand market conditions, and how metros of interest are changing.  New July 2016 building permits (new housing units authorized) and over-the year monthly data are now available for each metropolitan statistical area (MSA).

Use the interactive table to view, query, rank, compare data by metro. Map and geospatially analyze construction patterns with the CV XE GIS software and ready-to-use GIS project/datasets – see details.

Updated Resources to Examine Residential Construction Patterns
Metro Situation & Outlook Reports
.. metro by metro … examples: Houston, Los Angeles, Chicago, Atlanta.
County Annual U.S. by county
County & City/Place Monthly

Patterns of New Authorized Residential Units by Metropolitan Area
The following graphic shows value of single unit structures units authorized  by metro. Larger view shows more details including a mini-profile of housing units authorized detail. Create similar views for preferred time periods and different residential unit attributes using the GIS project.  Zoom-in to areas of interest.  Label the geography as desired.  Add your own data.

View created with CV XE GIS. Click graphic for larger view.

The time lag from reference date to access date of these data is one month, contributing to both the freshness of the data and importance of the data as a leading economic indicator. The importance of these data transcends issues concerning housing market conditions alone.  These data are one part of a mix of demographic-economic factors required to understand housing market conditions and the local/regional economy. These data are a part of the process to develop the ProximityOne county and sub-county demographic-economic estimates and projections.

Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.

About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.