Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. can’t have a credit sales boom like we saw from 2002-2005. This time, we have less production of homes and more multifamily construction. months and above.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JUNE 27, 2023

Some people prefer something other than the current active existing inventory. This means new homes — with all the bells and whistles — can peel some buyers from the existing home sales market, especially if they pay down mortgage rates. months of the supply are homes that are still under construction, about 259,000 homes 1.6

Construction 476

Construction Inventory Marketing Buyers 476

Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report. Some young families are turning to new construction, and others are renting homes.”

Property Taxes 443

Property Taxes Insurance Construction Inventory 443

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. This represents a supply of 7.9

Inventory 418

Inventory Construction Housing Market Mortgage 418

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. months and above, the builders will pull back on construction. 267,000 homes are under construction, still. percent (±15.2 percent (±12.7

Inventory 457

Inventory Housing Market Construction Marketing 457

Housing Wire

JANUARY 19, 2022

Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% 2021 was a strong year for construction.”. But while this is good news for new housing construction, homebuilders still have plenty of obstacles to overcome.

Construction 389

Construction Housing Market Inventory Development 389

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

Mortgage 435

Mortgage Inventory Housing Market Construction 435

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 465

Construction Housing Market Inventory Mortgage 465

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month a record low in the series dating back to 1963, while the share of homes sold-but-not-yet-started was at a level only seen during the housing bubble in 2005.” The West came in second at a 17.3%

Construction 293

Construction Inventory Buyers Marketing 293

Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. percent (±12.3

Housing Market 389

Housing Market Marketing Construction Supply Chain 389

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

Construction 320

Construction Buyers Housing Market Inventory 320

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 303

Housing Market Marketing Supply Chain Inventory 303

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 The builders will pull back on construction when the supply is 6.5 Here is the breakdown of the 8.6

Construction 333

Construction Housing Market Mortgage Sellers 333

Housing Wire

DECEMBER 20, 2021

Also, the market we have today doesn’t look like the credit boom we saw from 2002-2005. I have never believed in the housing construction boom premise as mature economies don’t have construction booms with slowing population growth. In fact, a few months ago I talked about inventory falling again should be the concern going out.

Housing Market 538

Housing Market Inventory Mortgage Marketing 538

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here.

Construction 52

Construction Appraisal Modernization Contracts 52

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. years in 2005, respectively, according to Redfin, a full-service real estate brokerage. years in 2010, and 6.4 million in 2018 to 3.8

Inventory 78

Inventory Housing Market Construction Real Estate 78

Annarbor Appraisal

APRIL 9, 2020

In it I included a year over year chart of all sales through the local MLS back to 2005. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Houses in blue, condominium units in orange, new construction included. Year to year trends. What happens if it only tops 15%?

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Remember only one offer can win so this caused lots of disappointment for both buyers and buyer’s agents alike.

Sellers 74

Sellers Inventory Buyers Realtors 74

Robinson Appraisal Group

MARCH 22, 2018

Going into the spring market many parts of the United States are seeing the lack of inventory on the market waiting to see if the inventory will increase while we approach spring and summer, the busiest season of real estate. Another hurdle is that builders do not tend to build homes for the entry level buyer.

Advertising 78

Advertising Landlords Real Estate Inventory 78

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). What will the 2022 Seattle/King County housing market offer?

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

FEBRUARY 9, 2024

I am so glad I quit doing residential lender appraisals in 2005! = single-family homes for sale in the fourth quarter were new construction. Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates. Nationwide, 31.8% That’s comparable with 31.9%

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52