Housing Wire
APRIL 8, 2021
In fact, the largest home purchase year in this nation’s history was 2005 when rates were near 7.5%. But as America returns to work, supplies for builders will return to needed production levels, new home construction will continue to rise, and ultimately the supply-demand imbalance will rectify itself.
Housing Wire
JUNE 27, 2023
Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, new home sales aren’t booming like what we saw at the peak of 2005 but are getting back to trend sales growth from the bottom we saw when rates got 5% in 2018. This is 12.2 percent (±12.8 percent (±15.5 This represents a supply of 6.7
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Housing Wire
FEBRUARY 24, 2023
Census Bureau and the Department of Housing and Urban Development. If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 percent (±20.4 percent (±13.1
Housing Wire
JULY 26, 2022
This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.
Housing Wire
NOVEMBER 25, 2020
higher than the same time last year, according to the Census Bureau and the Department of Housing and Urban Development. However, demand has construction playing catch-up , as the estimate of new houses for sale at the end of October was just 278,000. Sales are increasingly being driven from homes not yet under construction.
Housing Wire
FEBRUARY 24, 2022
It gives an idea of what to expect for housing construction. months and above, the builders will pull back on construction. The builders will pull back on construction growth if new homes sales start to head lower. Census Bureau and the Department of Housing and Urban Development. From Census: The seasonally?adjusted
Housing Wire
APRIL 25, 2023
According to this theory, we have more homes under construction than any time in history. Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, it’s not like the new home sales market is booming at all; we aren’t anywhere near the top of sales in 2005 or in 2020. percent (±15.2
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