ResiClub 🏡📊

Today, Trumark Homes—which has been majority owned by Japan-based Daiwa House since 2020—announced that it has struck a deal to acquire a Seattle metro-based homebuilder JK Monarch Daiwa House's U.S. homebuilding footprint keeps expanding

The latest mortgage purchase apps reading

Given that overall existing home sales (4.06M in 2025) are still well below pre-pandemic levels (5.34M in 2019), it’s notable that flipping activity remains around pre-pandemic levels. In other words, the share of flipping—while down from the boom peak—is still a little elevated

During the Pandemic Housing Boom, rapid appreciation supercharged fix-and-flip activity. The 2022 rate shock ended that run. Profit margins compressed, days on market increased, & many newer flippers exited the space That said, flipper activity is holding firm around 2019 levels

Full survey result: resiclubanalytics.com/p/housing-mark…

According to home flippers surveyed by LendingOne and ResiClub, the "sale" process causes the most delays right now

In total, 76.7% of U.S. mortgages have loan-to-value ratios of 60% or lower. Loan-to-value (LTV) is calculated as the mortgage balance divided by the current home value.

American homeowners are sitting on a large equity cushion ---> The large equity cushion held by most U.S. homeowners means that even in weakened housing markets, many sellers can cut price without going underwater

"Accidental landlords" are rising in housing markets where sellers have lost pricing power ResiClub PRO report: resiclubanalytics.com/p/accidental-l…

Lennar is so eager to keep its sales running at all-time highs that it’s offering incentives at 2010 levels 9 insights from the earnings of America’s second-largest homebuilder ResiClub PRO report resiclubanalytics.com/p/housing-mark…

Click the link below to view a searchable version of the chart below displaying the analysis in 400 metro area housing markets [best done on a desktop] datawrapper.de/_/UI9BO/

The chart above is nominal—so it isn't a traditional "housing affordability" analysis. However, it does give you a solid proxy of the recent improvement in Austin, TX metro area.

Regional housing markets that have experienced outright price corrections since the end of the Pandemic Housing Boom have seen faster affordability improvements. That said, many of those places—like metro Austin—also experienced greater home price overheating during the runup

This week's Mortgage Purchase Application Index reading came in at 171.3 That's still in the "historically soft" ball park

Between Jan. 2020 to Jan. 2026.... The annual U.S. household income needed to purchase a typical U.S. home: +78.8% Average weekly earnings of U.S. workers: +30.7%, U.S. consumer inflation: +26.0%

To learn more, read our article from 2024 (no paywall) resiclubanalytics.com/p/freddie-mac-…

As of today, this hasn't had much macro impact on resale turnover yet. But as we get closer to the 2030s, and enter the 2030s, we'll enter into a demographic window with elevated deaths (one of the Ds of Housing)

We're slowly entering the so-called 'silver tsunami'—only it "is more like a tide, with a gradual reduction" In 2026, the number of baby boomer homeowner households is set to decline by 600K In 2033, the number of baby boomer homeowner households is set to decline by 1M

Click the link below to view a searchable version of the chart displaying the analysis in 400 metro area housing markets [best done on a desktop] datawrapper.de/_/UI9BO/

This Zillow calculation is conservative & assumes a 20% down payment and the homebuyer spends less than 30.0% of their monthly income on the total monthly payment. This is a financed purchase, of course.

The income needed to purchase a typical U.S. home has increased by 79% in just 6 years However, it’s down -5.9% year-over-year