“The movement toward evidence-based plastic surgery doesn’t have a concrete end,” explains meeting chairman, Dr. Rohrich. “This is truly a change in the way we practice our profession – a change that sets the stage for continual advances and improvements, always with an awareness of our perpetual duty to assure the safety and satisfaction of our patients.”
The annual meeting, which is open to board certified plastic surgeons, facial plastic surgeons, otolaryngologists, oculoplastic surgeons, dermatologists, residents, aestheticians and other non-physician providers, will focus on advances in topics such as aesthetic devices, advanced injection techniques, innovations in breast augmentation, and detailed analysis of facelift surgery and advanced facial anatomy. The meeting will also highlight advances in cosmetic surgery including body contouring, neuromodulators, fat grafting, breast augmentation, buttock augmentation, and liposuction.
This meeting also features a unique element, the cosmetic cadaver lab, which allows attendees hands on participation and direct observation of experts performing live demonstrations. This portion will be open to plastic surgeons, otolaryngologists, oculoplastic surgeons, and residents studying those medical specialties.
“The Dallas Cosmetic Surgery and Medicine Meeting offers unprecedented opportunities for surgeons to enhance their skills and understanding of cosmetic surgery and cosmetic medicine, “says Dr. Rohrich.
Dr. Rod J. Rohrich is a board certified plastic surgeon in Dallas, Texas. He was named the top plastic surgeon in America by Newsweek in both rhinoplasty and facelift surgery in 2021, 2022 and 2023. Dr. Rohrich is a Clinical Professor of Plastic Surgery at Baylor College of Medicine. He was the first Chair of the Department of Plastic Surgery as well as the first plastic surgeon selected as a Distinguished Teaching Professor at UT Southwestern Medical Center. He graduated from Baylor College of Medicine with high honors and completed his plastic surgery training at the University of Michigan Medical Center and fellowships at Massachusetts General Hospital/Harvard (hand/microsurgery) and Oxford University (pediatric plastic surgery). He is Chair of the Dallas Rhinoplasty Meeting, Founding Chair of the Dallas Cosmetic Surgery and Medicine Meeting, Founding Member of the Alliance in Reconstructive Surgery, and a Founding Partner of the Dallas Plastic Surgery Institute.
He is the immediate past (after serving for 18 years) Editor-in-Chief of the most respected global peer reviewed plastic surgery journal – the Plastic and Reconstructive Surgery Journal. He is Founding Editor-in-Chief/Editor Emeritus of the first open access peer reviewed plastic surgery journal, PRS Global Open. Dr. Rohrich has published over 1000 peer reviewed articles and seven textbooks in plastic surgery including a best-selling medical book entitled The Facial Danger Zones. Dr. Rohrich recently published an innovative cosmetic surgery video atlas, Cosmetic Surgery by the Masters.
Dr. Rohrich also served as president of the American Society of Plastic Surgeons (ASPS), the largest organization of board certified plastic surgeons in the world. He repeatedly has been selected by his peers as one of America’s best doctors. He received the ASPS Special Achievement Award and on three occasions has received one of his profession’s highest honors, the Plastic Surgery Foundation (PSF) Distinguished Service Award, which recognizes his contributions to education in plastic surgery. In addition, he has also been recognized by the PSF with the Plastic Surgery Foundation Distinguished Career Researcher Award for his contributions to plastic surgery research and innovations. He is also the recipient of the ASPS 2022 Honorary Citation.
Dr. Rivkin is a facial aesthetic specialist and an assistant clinical professor at the David Geffen / UCLA School of Medicine. He received his undergraduate degree from Columbia University, medical degree from the Yale University School of Medicine and completed his residency in Otolaryngology/ Head and Neck Surgery at the University of California San Diego School of Medicine. Dr. Rivkin divides his time between patient care, clinical research, physician education, media appearances and lecturing throughout the world. At his practice, RIVKIN Aesthetics, Dr. Alexander Rivkin has focused on developing and perfecting non-invasive, non-ablative cosmetic treatments. He provides expertise in creating undetectable subtle facial transformations and is a true expert in the world of aesthetic surgery with excellent credentials and a superior level of training. RIVKIN Aesthetics is located at 11645 Wilshire Blvd., Suite 800 in Los Angeles, CA. For more information, please visit http://www.westsideaesthetics.com or call 310-443-5273.
As the recipient of the Gender Parity Award, the CRN Women of the Year Awards celebrate Caylent’s remarkable commitment to driving positive change in the tech landscape through the company’s dedication to empowering gender parity and fostering an inclusive workspace. At the heart of Caylent’s DEI and gender parity initiatives is the Caylien Collective Board, established in 2022 to focus on four pivotal organizational pillars: community, empowerment, introspection, and investment. Since the board’s inception, representation of women employees at Caylent nearly doubled, in addition to half of Caylent’s leadership team being comprised of women. In 2023, Caylent introduced several initiatives to further advance gender parity within the organization:
Caylent Navigators Program: An internal mentorship initiative that encourages collaboration among Cayliens to navigate career paths, set goals, and share technical knowledge.
Encuentro of Caylien Women: Monthly virtual events where Caylien women gather to discuss and address the challenges they encounter in the industry. These discussions cover a range of topics, from self-advocacy to imposter syndrome, fostering a supportive environment where women can raise concerns and share experiences.
Breaking Through the Cloud Podcast: A dedicated podcast celebrating and empowering women in the technology industry. Trailblazing women share their extraordinary experiences and advice, fostering a more inclusive tech landscape and empowering women to realize their full potential.
“We are proud to recognize the remarkable accomplishments of Caylent and all the winners of the CRN Women of the Year Awards,” said Blaine Raddon, CEO of The Channel Company. “These outstanding individuals, companies, and allies are reshaping the IT channel, inspiring future leaders, and contributing to the growth and innovation of the industry. We salute their achievements and look forward to their continued impact.”
Criteria for the Gender Parity Award included a strong track record of nurturing talent among employees who are women as well as a demonstrated commitment to initiatives such as having a diverse workforce and a high percentage of women in leadership roles, along with efforts to support the professional development and growth of women throughout the organization.
The CRN Women of the Year Awards are a testament to the influence of women, companies, and allies in driving meaningful change in the tech sector. The awards recognize not only individual achievements but also the collective efforts of organizations dedicated to advancing diversity and driving progress.
About Caylent Caylent is a cloud native services company that helps organizations bring the best out of their people and technology. We are living in a software-defined world where technology is at the core of every business. To thrive in this paradigm, organizations need to empower their people and processes through technology. Caylent is uniquely positioned to fuel that engine of innovation by bringing ambitious ideas to life for our customers. We work with customers to build, scale and optimize sophisticated cloud solutions using deep subject matter expertise to deliver world-class outcomes through an agile co-delivery model.
Caylent was named Innovation Partner of the Year in 2022 and Rising Star Partner of the Year in 2021 by AWS. Caylent’s core practice areas include Migration, Application Modernization, Data and Analytics, Machine Learning, Artificial Intelligence, Cloud Native Application Development, and DevOps. Learn more at https://caylent.com/.
About The Channel Company The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert strategic consulting and education, and innovative marketing services and platforms. As the Channel Catalyst, we connect and empower technology suppliers, solution providers, and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. http://www.thechannelco.com.
Chase Plastics is awarding donations totaling $10,000 to four different charities as part of their annual Chase Plastics Giving Card Campaign.
CLARKSTON, Mich., Dec. 21, 2023 /PRNewswire-PRWeb/ — Now in its eighth year, the much-anticipated campaign is awarding $2,500 to four winning charities. This year’s winners were all nominated by customers of Chase Plastics. They include:
Give Kids The World Village: This 89-acre “storybook” resort in Central Florida treats children with critical illnesses and their families to weeklong, cost-free vacations. https://gktw.org
Gillette Children’s: A nonprofit hospital in St. Paul, Minnesota, that treats patients with brain, bone and movement conditions needing specialized expertise. https://gillettechildrens.org
Angels of Action: Located in Big Rapids, Michigan, Angels of Action’s mission is to provide children and their families access to food, essential needs and community resources with love, respect and understanding. https://www.angelsofaction.org
Rustic Hope: This non-profit organization in Russia, Ohio, offers physical, emotional and spiritual support to parents in need. https://rustichope.org
The Chase Giving Campaign started in 2016 to highlight charities that Chase Plastics’ customers and suppliers were most passionate about. Their generosity has not only led to a total of $57,000 being donated to charities across the country through the campaign, but
it has also perpetuated the spirit of giving — something in which Chase Plastics strongly believes.
Chase Plastics has made it an initiative to encourage volunteerism and increase awareness of charitable organizations by spotlighting various nominated charities on their social media channels throughout the campaign. As a result, they hope to inspire others to donate time or money to the featured charities or use it as a resource themselves. “This was our best year yet with a record 305 nominations,” said Chase Plastics’ CEO, Kevin Chase. “There are so many ways to spread hope this holiday season.”
About Chase Plastics
Chase Plastic Services, Inc., is a stocking distributor with a portfolio that offers more than 35,000 varieties of specialty, engineering, and commodity thermoplastics from the industry’s leading manufacturers and global suppliers. As a top-ten North American specialty and engineering plastics distributor, Chase Plastics is committed to helping their customers turn resin into reality by Redefining Resin Distribution.®
The Company, formed in 1992, provides customers with an industry-leading portfolio of value-added services delivered by skilled sales professionals and dedicated teams of technical process engineers, market development engineers, and more – all of whom guide the material selection, application development, and manufacturing processes. The Company’s unmatched level of dedicated support, together with blending, repacking, inventory management, and logistics services via a network of distribution and sales locations throughout North America, is singularly focused on helping customers boost efficiencies and profitability.
Based in Clarkston, Michigan, Chase Plastics was founded by Kevin and Carole Chase, who serve as the Company’s CEO and Vice President, respectively. Learn more about Chase Plastics and its commitment to providing outrageous customer service at www.chaseplastics.com
MedTech Color’s 4th Annual Pitch Competition will take place on March 15th, 2024 at Covel Commons, UCLA Campus, during LA Medtech Week.
LOS ANGELES, Dec. 21, 2023 /PRNewswire-PRWeb/ — MedTech Color (MTC), a leading nonprofit organization dedicated to advancing the representation of persons of color in the MedTech industry, is excited to announce its fourth annual Pitch Competition. Entering its fourth year, this event has become a significant catalyst for African-American and Hispanic entrepreneurship, offering a unique platform to present and promote groundbreaking technologies. This year, the Pitch Competition will include a special competition focusing on innovations addressing pediatric populations.
“Since its inception, the MedTech Color Pitch Competition has been an instrumental event for inspiring and supporting medical technology early-stage companies,” said Kwame Ulmer, Founder of MedTech Color. “In four years, we have received over 300 applications, invested in 30 companies, and awarded over $865,000 in cash and in-kind services. Our top prize winners, including African-American women-led startups, have been featured in prestigious publications like Forbes and Vanity Fair, and transitioned into major accelerators like MedTech Innovator and Techstars.”
MTC’s 2024 Pitch Competition continues to support diverse founders by providing industry sponsorships and awards to bring innovative products to the market. The top finalists will benefit from the MTC Pitch Bootcamp, a pre-competition accelerator offering speed interview sessions focused on venture capital, masterclasses, workshops, and a professional membership with MedTech Color network benefits.
Partnership with ADPI: Fostering Pediatric MedTech Innovation
Only about one-quarter of medical devices designed, reviewed, and approved are for children. This leaves countless children and families without appropriate medical care, disproportionately affecting communities of color. This collaboration creates a space for pediatric medical device innovation to be more inclusive and supportive of African-American and Hispanic Pediatric innovators.
MedTech Color’s Annual Pitch Competition is vital in changing the landscape of venture capital funding, where African-American and Hispanic entrepreneurs receive less than 4% of total funding. By supporting these innovators, MedTech Color is fostering a more diverse and inclusive MedTech environment.
Please click here for more information about MedTech Color’s 2024 Pitch Competition finalists and their innovative business concepts. For more information about the event, please click here.
About MedTech Color:
MedTech Color is a 501(c)(3) nonprofit organization aiming to advance the representation of persons of color in the medical device industry; a destination and resource for professional development, thought leadership, and strategies to increase the number of underrepresented executives who enter, stay, and contribute to the industry. For more information, please visit: https://medtechcolor.org
Michael Wong, JD (Founder and Executive Director, Physician-Patient Alliance for Health & Safety) emphasized the patient safety and quality of care standards that the Indiana community will now enjoy, saying, “Patients and their families often ask me how to ensure that their loved ones and friends are receiving the best possible care. For communities in Indiana, patients receiving care at Auburn Village can be assured that they are in a skilled nursing facility that meets or exceeds the national Standard of Care. I invite all healthcare facilities to apply for accreditation and demonstrate their commitment to delivering quality patient care by following the high Standards of Care set by the Enhanced Respiratory Care Committee.”
The Enhanced Respiratory Care Program is endorsed and supported by the American Association for Respiratory Care (AARC) – please see the AARC letter of endorsement and support. This Program has achieved liberation rates of 65% and earned national recognition of best practice/center of excellence from the American College of Chest Physicians (CHEST).
Gene Gantt, RRT, FAARC (Former Chair AARC Long Term Care; AARC Representative to the Respiratory Compromise Institute; President, Eventa, LLC) initiated and has been running the program in Tennessee since 2002. Mr. Gantt, who is also on PPAHS’s board of advisors and is PPAHS’s clinical partner, encourages all healthcare facilities to apply for Enhanced Respiratory Care accreditation, saying, “Facilities that meet or exceed the Enhanced Respiratory Care Standards of Care demonstrate to their patients and the community that they are delivering the gold standard of care for patients requiring mechanical ventilation. Moreover, since implementing enhanced respiratory care in Tennessee in 2002, we have found that these facilities not only delivered high-value care to their patients but doubled their resource utilization rates from an average of $350 to $700 per day. “
Auburn Village, located at 1751 Wesley Road, Auburn, Indiana, is a premier provider of skilled nursing and short-term rehabilitation services, offering exclusive clinical programs not commonly found elsewhere. With specialized services like Respiratory Care, in-house Dialysis, and private rooms catering to both short-term rehabilitation and long-term care needs, we ensure unparalleled medical attention for our residents. Proudly affiliated with the Generations Healthcare Network, Auburn Village embodies core values of family, trust, and compassion. Our dedicated staff, with a rich multigenerational legacy, delivers personalized care, leaving a lasting impact on the lives of our residents and their families. For more information on Auburn Village, please visit https://auburnvillage.com/
About the Physician-Patient Alliance for Health & Safety
Physician-Patient Alliance for Health & Safety (PPAHS) is ranked internationally as a top-100 patient safety organization (Agilience Authority Index, August 2023) and is a national advocacy force for addressing patient health and safety priorities shared by patients, physicians, regulators, and industry. PPAHS seeks to ensure that the best medications, medical inventions, and technology that can improve care and reduce costs are employed. PPAHS works to advance patient health and safety by developing and highlighting best practices and recommendations through better use and application of clinical practices and experiences, information technologies and checklists, and healthcare information. As a voice supporting ideas and innovation that can improve care, we encourage a health ecosystem that fosters a culture of patient safety. For more about PPAHS, please go to www.ppahs.org.
At Options, the care team of licensed medical providers and health coaches work together to create customized weight loss plans tailored to patients’ individual needs, aspirations, and lifestyles. Not only does this approach help patients achieve weight loss success, but it also provides invaluable education, guidance, and support needed to manage a healthy weight for years to come.
The comprehensive care team in Rochester Hills is honored to bring a new standard of compassionate medical weight loss care to Indianapolis residents looking to lose weight and improve their overall health.
The clinic cordially invites the communities of Rochester Hills, Auburn Hills, Bloomfield Hills, Noblesville, Troy, Sterling Heights, and surrounding communities to join in celebrating the clinic’s grand opening January 11, 2024 from 4-6pm. The grand opening will have refreshments and special giveaways to celebrate.
Options’ comprehensive approach to weight loss is what makes it different. “At Options, we’re approaching weight loss and wellness from all angles. We are equipping you with the knowledge to make empowered decisions and take ownership of the path to freedom that you carve out. You will never walk out of our clinic with a meal or medications and be left to figure it out on your own. We position each patient with a team of specialists that rally around you and support you all along the way,” said Dr. Katrina Mattingly, Chief Medical Officer of Options Medical Weight Loss.
Learn what makes Options Medical Weight Loss different in this short video.
Patients can start their journey by signing up for a free consultation and metabolic scan on our website, or by calling 888-405-LOSE (5673).
About Options Medical Weight Loss: Options Medical Weight Loss was founded in 2014 in Chicago, Illinois, and has since opened locations throughout Illinois, Ohio, Florida, Arizona, and now Indiana, with continued plans to expand to more states. Options Medical Weight Loss has helped more than 50,000 patients achieve their weight loss goals.
To learn more about the new Rochester Hills Medical Weight Loss Clinic including sales and official grand opening details, click here.
The growth recapitalization of Ludi will enable the company to expand its market-leading suite of products and enhance the value proposition it offers to health care organizations.
Chris Rogers, Senior Managing Director in Ziegler’s Healthcare Investment Banking Practice, commented, “Ludi’s purpose-built software platform has transformed the way its health system customers pay physicians. With physician compensation becoming increasingly complex, Ludi fills a critical gap in the industry by improving operational efficiency, reducing compliance risk and providing executives with visibility into their total physician enterprise. We were thrilled to serve Ludi and its shareholders in their successful outcome and future partnership with GPP.”
Gail Peace, the Founder and CEO of Ludi added, “In evaluating advisors, we placed particular importance on working with a team that understood our sector and end-markets, had relationships with the most relevant parties, and a partner that would dedicate senior level attention throughout the entire process to ensure a successful outcome. We could not be happier with our partnership with Ziegler and the expert perspective they provided throughout the process. We are excited for our next chapter of growth.”
Ziegler’s Healthcare Investment Banking team is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the health care industry. In our core practice areas of health care services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization / restructuring, equity private placement and strategic partnering services.
About Ziegler: Ziegler is a privately held, national boutique investment bank, capital markets and proprietary investments firm. It has a unique focus on healthcare, senior living and education sectors, as well as general municipal and structured finance. Headquartered in Chicago with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, strategic advisory services, fixed income sales, underwriting and trading as well as Ziegler Credit, Surveillance and Analytics. To learn more, visit http://www.ziegler.com.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees.
AdaptIV Infusion is proud to extend its services to Alzheimer’s patients. Shareef Defrawi, CEO of AdaptIV Infusion, emphasizes, “Our mission is to reimagine infusion care with a relentless focus on the patient experience. While Leqembi may not be a cure, it offers individuals in the early stages of Alzheimer’s an extended timeline to maintain independence and engage in activities they enjoy.”
AdaptIV Infusion’s facility in Sugar Land, TX, is conveniently located to serve residents of Sugar Land, Richmond, Rosenberg, Missouri City, Stafford, and the greater Houston area. The ground-floor, freestanding clinic, equipped with private and semi-private treatment areas, a community infusion room, and patient lounges with amenities like fireplaces, snacks, entertainment options, and plenty of free parking, aims to provide an unparalleled patient experience during infusion sessions.
Patients prescribed Leqembi at AdaptIV Infusion will undergo intravenous infusions every two weeks, accompanied by regular MRI scans and physician visits to monitor potential side effects. To access Leqembi infusion treatment at AdaptIV Infusion, patients can follow these steps:
Ask their healthcare provider to fax a completed Leqembi medication order form, clinical notes, demographics, and insurance card to 832-895-4040.
Verify enrollment in a CMS-approved Alzheimer’s registry.
An AdaptIV Infusion patient care coordinator will confirm receipt of the Leqembi referral and proceed to verify benefits, obtain necessary prior authorizations, and schedule an appointment.
About AdaptIV Infusion: AdaptIV Infusion is a leading ambulatory infusion clinic offering intravenous and injection therapies for autoimmune disorders and complex chronic conditions. Committed to reimagining infusion care, AdaptIV Infusion focuses on delivering best-in-class clinical care, ensuring affordable access to therapies, and creating a comfortable environment close to home, outside of the hospital setting.
Zonda’s new home sales metric captured 650,890 new homes sold in November on a seasonally adjusted annualized rate, up 2.8% month-over-month and 29.2% year-over-year. The Zonda Market Ranking classified national new home sales as “slightly overperforming” in November. Today’s sales are supported by incentives, with nearly 60% of new home projects offering some kind of seller concession.
“What has been reinforced over the past few months is that rising mortgage rates, higher home prices, and the news cycle can prompt consumers to put homebuying plans on hold,” said Ali Wolf, chief economist for Zonda. “For many, this isn’t a permanent hold, though, as even slight improvements in affordability can help reignite demand.”
Sales outpace seasonality in November
Zonda’s new home sales metric counts the number of new home contract sales each month and accounts for both cancellations and seasonality. This metric shows there were 650,890 new homes sold in November on a seasonally adjusted annualized rate. This was a gain of 2.8% from last month and an increase of 29.2% from a year ago. On a non-seasonally adjusted basis, 48,034 homes were sold, 29.6% higher than last year and 0.2% above the same month in 2019.
New home sales volume is now 12% below the recent peak seen in July 2023.
The New Home PSI climbed following recent declines
Total sales volume is influenced by both supply and demand. Zonda’s New Home Pending Sales Index (PSI) was created to help account for fluctuations in supply by combining both total sales volume with the average sales rate per month per community. The November PSI came in at 132.6, representing a 42.6% rise from the same month last year. The index is currently 23.8% below cycle highs. On a month-over-month basis, seasonally adjusted new home sales increased 2.4%.
The markets that posted the best numbers relative to last year were Phoenix (+158.9%), Riverside/San Bernardino (+106.8%), and Denver (+103.9%). These markets slowed dramatically last year but have since stabilized. The base effect of last year’s low levels contributed to the large YOY percentages.
While no markets were down year-over-year, the metros that posted the smallest gains were New York (+4.1%), Baltimore (+5.1%), and Charlotte (+13.2%).
On a monthly basis, Cincinnati, Los Angeles/OC, and San Antonio performed best.
50% of new home markets over-performed in November
In order to add further context on the metro level, we created the Zonda Market Ranking (ZMR). The ZMR accounts for both sales pace and volume, is seasonally adjusted, and is taken as a percentage relative to a baseline market average. Based on the percentage above or below baseline, markets are bucketed into performance groups ranging from significantly underperforming to significantly overperforming relative to historical activity.
The National ZMR index came in at 110.7 in November, indicating a slightly overperforming market.
The major metros overperforming their historical averages most in November 2023 were Port St. Lucie, Chicago, and Tampa.
Colorado Springs, Portland, and Denver were significantly underperforming. Salt Lake City, Cape Coral, Seattle, Reno, San Jose, Phoenix, New York, and Richmond were slightly underperforming.
Among our top fifty markets, 50% were overperforming, 28% were average, and 22% were underperforming. Last month, 54% were overperforming, 30% were average, and 16% were underperforming.
Importantly, the ZMR does not account for what it takes to sell a home. For example, securing a sale might still feel difficult in a “significantly overperforming” market, but if incentives offered result in a sale, we count the sale.
Entry-level pricing flattened out
National home prices flattened year-over-year in the entry-level market but rose for move-up and high-end homes. Entry-level prices flattened at $339,000 but rose 0.6% for the move-up market to $529,670 and 3.1% for high-end homes to $924,725.
Supplementing our data with a monthly survey Zonda conducts, 10% of builders reported raising prices in November, down from 16% in October. Further, 75% reported holding prices flat, up from 71% last month. The percentage of builders who reported price increases has slowed as seasonality kicked in and builders further evaluate the affordability backdrop.
Incentives are still common in today’s housing market to help address the affordability constraints for buyers. 57% of new home communities across the country offered incentives in November, flat month-over-month. Many builders find incentives are necessary to help seal the deal with consumers.
Community count remained low
There are currently 13,896 actively selling communities tracked by Zonda, up 1.1% from last year. On a month-over-month basis, the national figure slipped 2.0%. Total community count is 27.5% below the same month in 2019. The lack of competition from other new home communities has allowed for some upward pressure on the average sales rate per month per community. Zonda defines a community as anywhere where five or more units are for sale.
Austin (+17.7%), Minneapolis (+13.5%), and Salt Lake City (+12.7%) grew community count the most year-over-year. Relative to 2019, community count is down 13%, 2%, and 18%, respectively.
The biggest community count declines were in San Francisco (-17.1%), Tampa (-13.9%), and Seattle (-12.7%).
Community count in 8% of our select markets rose month-over-month, 4% were flat, and 88% fell.
National quick move-ins (QMIs) totaled 28,287, down 18.9% compared to last year and 5.9% lower month-over-month. Total QMIs are 107.9% above 2019 levels. QMIs are homes that can likely be occupied within 90 days.
QMIs sell out quicker than they can be replaced in many markets as consumers view these homes as a great alternative to the resale market given the dearth of supply. The quick rise in QMIs last year led to price drops at many new home communities. We aren’t seeing the same build-up today.
The markets that grew the most year-over-year were Salt Lake City (+23.4%), Cincinnati (+22.9%), and Riverside/San Bernardino (+22.5%).
Salt Lake City, Las Vegas, and Cincinnati have seen the most growth in QMIs compared to the same time in 2019, up 255.8%, 212.5%, and 147.1%, respectively.
QMIs are down the most compared to 2019 in Baltimore (-62%), San Francisco (-52%), and Atlanta (-52%).
Methodology
The Zonda New Home Pending Sales Index (PSI) is built on proprietary, industry-leading data that covers 60% of the production new home market across the United States. Reported number of new home pending contracts are gathered and analyzed each month. Released on the 15th business day of each month, the New Home PSI is a leading indicator of housing demand compared to closings because it is based on the number of signed contracts at a new home community. Zonda monitors 18,000 active communities in the country and the homes tracked can be in any stage of construction.
The new home market represents roughly 10% of all transactions, allowing little movements in supply to cause outsized swings in market activity. As a result, the New Home PSI blends the cumulative sales of activity recently sold-out projects with the average sales rate per community, which adjusts for fluctuations in supply. Furthermore, the New Home PSI is seasonally adjusted based on each markets’ specific seasonality, removes outliers, and uses June 2016 as the base month. The foundation of the index is a monthly survey conducted by Zonda. It is necessary to monitor both new and existing home sales to establish an accurate picture of the relative health of the residential real estate market.
Visit ZondaHome.com or follow us on LinkedIn and Facebook for more information.
About Zonda
Zonda provides data-driven housing market solutions to the homebuilding industry. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing.
