This month’s PHI update could have a nearly identical headline as this time last year –the index remains relatively flat, though at an all-time high. That remains true for the city overall, with a very slight increase from May to June and a 9 percent year-over-year increase since June 2017. Looking more closely at a […]
Read MoreFor this month’s Philadelphia Housing Index (PHI) blog post, we decided to take a look at new construction permit data from Philadelphia’s Department of Licenses and Inspection. We filtered the data to examine only new construction building permits to see how Philadelphia’s development pipeline stacks up compared to previous years and which neighborhoods are showing […]
Read MoreFor this month’s update on the ESI Philadelphia Housing Index (PHI) we introduce our new interface, which allows users to more closely interact with our index and analyses. Now when you select discrete geographies and hover over a time series, the tool will show the name of the geography that you’ve selected as well the month […]
Read MoreLast week, the Center City District (CCD) released Housing Development in Perspective: 2018, which examines housing development in Greater Center City—an area that has expanded as the “downtown” has grown. Greater Center City is now considered the area bounded by the two rivers and Girard Avenue on the north and Tasker Street to the south. […]
Read MoreAs 2018 comes into full swing, we’ve started to look at some new ways to visualize the Philadelphia Housing Index (PHI). To that end, we’ve begun using Tableau to explore dimensions of the PHI that go beyond our predictive index on a citywide scale and at various geographic levels. Using Tableau to visualize the PHI […]
Read MoreAs 2017 closed, the normalized price of housing in Philadelphia was around $120,000. This represents the price for a house with average physical traits (age, square footage, lot size, location on the block) while subtracting out seasonal effects. It amounts to a 13% increase since December 2016. Comparatively, 2017 saw even greater average citywide gains than […]
Read More