For all the hullabaloo over the “polar vortex,” January’s unusually cold weather probably had only a marginal effect on the housing market, according to Trulia.

January’s weather should only have pushed down housing starts and permits, as well as existing, pending and new-home sales, by no more than 2 percent, the listing portal found in an analysis.

To gauge how January’s weather impacted construction and sales, Trulia calculated the historical relationship between abnormal weather and month-over-month changes in the five aforementioned housing indicators. Then it looked at January’s weather through the lens of that relationship to predict its effect on housing.

Trulia offered three reasons for the minimal impact projected by its analysis:

1. January wasn’t as cold as some might believe. (This January wasn’t the coldest in 10 years for any of the country’s four regions.)

2. January was relatively dry, which tends to help the housing market.

3. The polar vortex impacted regions with less housing activity the most.

Source: Trulia

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription