Wednesday, May 11, 2011

New Home Price Projections


New Home Price Projections
In preparing revenue projections for budget planning, many builders rely upon past trends to forecast price increases for future years. This method turns out to be very misleading after the enormous price fluctuations of 2004-2011.  A ten year trend of average price changes from 2001-2010 produces an overall average of 2.7 percent, whereas the ten years of steady growth from 1994 through 2003 provides an overall average of 4.7 percent (median of 4.4 percent) – a 74 percent differential, within a range of 3-6 percent.  The 1994-2003 period following the recession of 1990-91 is a reasonable model for recovery from the 2007-09 recession despite the lingering effects of unemployment and financial credit.  We can expect some similar opportunities in the coming decade.

Contact Parker Associates at www.parkerassociates.com for more information or email info@parkerassociates.com.

Housing Outlook


Housing Outlook

NAHB Chief Economist David Crowe indicated that the building industry soon should be seeing tangible signs of improvement. Speaking at the Annual Construction Forecast Conference in April, Crowe cited positive factors such as affordability, favorable mortgage rates, tiny inventories of newly-built homes, declining vacancy rates, and pent-up demand caused by delayed household formations. “By the end of 2012, I expect new-home sales and starts to be back to where they were around the beginning of the recession in late 2007,” Crowe stated.  He was even more positive about multi-family demand, projecting a 23 percent increase in 2011 starts, followed by greater gains in 2012.

Contact Parker Associates at www.parkerassociates.com or email info@parkerassociates.com for more information.

Gross Domestic Product Growth


Gross Domestic Product Growth

Positive signs of economic recovery were reported by U.S. GDP growth in the first quarter of 2011.  Despite the limitations of poor weather, high gasoline prices and slower consumer spending, strong job increases reinforce other factors supporting a sustainable  economic recovery.   Substantial private-sector contributions to economic expansion continue to increase the prospects for 2011 growth.

Contact Parker Associates for more information at info@parkerassociates.com.

Profit Opportunities Still Available


Profit Opportunities Still Available

Despite the length of the Great Recession and its lingering tail, development opportunities of unusual value still come to Parker Associates on a weekly frequency.  If you are in the real estate investment market, please contact one of our senior associates to review our files on available opportunities.  “Tell us of your primary interest area and we will respond promptly,” states Senior Associate Chris Parker.

Friday, December 17, 2010

PTC Communications publishes The Magic Number

PTC Communications, a subsidiary of PTC Computer Solutions and Parfam, Inc., has published The Magic Number.  The memoir of David F. Parker - The Magic Number - is finally available for purchase. After several years of editing and going back and forth with publishers, we have finalized the book and it is available at blurb.com for purchase. If you have any interest in the life and times of David F. Parker (you may even be in the book!), get online and purchase your copy. Signed copies are available directly from the author.  Go to www.ptccommunications.com or www.parkerassociates.com or email sales@ptccommunications.com or info@parkerassociates.com.  Check it out:

Friday, October 8, 2010

SPRAWL, A New Definition

DEFINITION OF SPRAWL  .  .  .

Over the past few years, many writers have confused urban development sprawl with density – the lower the density, the greater the sprawl.  Others have simply used sprawl to describe any type of urban development they personally find distasteful.  The word has become a cliché for a wide variety of urban conditions without specific definition.
            Webster’s Dictionary describes sprawl as “to spread or develop irregularly” --  a definition that applies to a great many urban areas at any density.  The linear blight caused by major city streets suffering from unregulated peripheral development, both old and new, is likely to be accepted by most observers as fitting the negative image of sprawl.  On the other hand, a pleasantly wooded subdivision of well-maintained homes and lawns does not deserve the same designation just because of its low density.  Yet, the latter often is classified by this negative term simply because it is part of a low density suburb.
            Few urban planners would argue with the public efficiency of servicing urban areas of high density in comparison with suburban areas of low density.  And fewer still would argue with the private efficiency of living in a neighborhood sufficiently dense to support shops and other facilities within walking distance. And a significant segment of our society (recent estimates suggest about one-third) appear to prefer to live in these more efficient higher density neighborhoods.  But an even larger segment  appear to prefer lower density housing locations, despite the annoyance of higher utility costs and the inconvenience of longer travel distances to support facilities.  And, of course, an unfortunate minority has very little choice in living environment because of limited resources (and we have both high density city slums as well as low density rural slums).
            These are choices open to a majority of Americans.  Public planners and other officials are free to influence persons to select more efficient lifestyle locations.  And they also can attempt to influence developers to build more dense neighborhoods and housing.  But they are not charged with regulating such decisions except as specifically defined in public legislation (and minimum density is seldom included in legislation, only maximum density).
            Therefore, whereas the term sprawl is a negative term for “irregular” development, planners and politicians should refrain from using it generically to describe urban growth that is equated to lower density.  Higher rather than lower density does not equate to good and bad.  It does equate to more efficient services and walking distances, but the value of these elements is judgmental for most persons.  Americans will select the types of living environments they prefer regardless of definitional inconsistencies from advocates of higher density environments.

DFP/July 2009            

Wednesday, September 29, 2010

Parker House formed to help real estate developers and their marketing needs

Parker House is where all aspects of Real Estate and Real Estate Marketing come together.  We are here to help you with your real estate needs.  Parker House consists of:

  • Parker Associates - Real Estate Marketing Development Consultants since 1982 - www.parkerassociates.com
  • PTC Computer Solutions - Web site design and development, eCommerce, Web Marketing, Online Marketing, Network Support,  and IT Consulting specialists since 1996 - www.ptccomputersolutions.com
  • Parker Realty SE - Real Estate Broker specializing in commercial land since 1990 - www.parkerrealtyse.com
  • REMA - Real Estate Marketing Alliance converging all real estate needs under one roof

Contact us for any of your needs.  info@parkerassociates.com or 904-992-9888.  Find out more about us at www.parkerassociates.com.