Eyes on Housing

AUGUST 24, 2021

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 95.2% In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. during the second quarter of 2021.

Construction 178

Construction Marketing 178

Eyes on Housing

MAY 24, 2021

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 96% during the first quarter of 2021. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom.

Construction 164

Construction Marketing 164

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 month supply – inching ever closer to the six-month supply sweet spot that suggests a balanced market. The West came in second at a 17.3% decline, while the South and Northeast both fell less than 3%.

Construction 306

Construction Inventory Buyers Marketing 306

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. ” Ruben Gonzalez, Keller Williams chief economist, added that he is “optimistic” new home construction will pick up.

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? Months are homes under construction 0.8 This Q&A was originally hosted on June 1st.

Training 400

Training Inventory Housing Market Real Estate Agent 400

Eyes on Housing

NOVEMBER 23, 2021

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts declined to 93.4% In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. during the third quarter of 2021. Read More ›

Construction 128

Construction Marketing 128

Housing Wire

JULY 8, 2022

A tighter labor market is a good thing; this means people with less educational backgrounds can get employed as we have many jobs that don’t require a college education. Looking at the jobs data and which sector added jobs in March, construction and manufacturing jobs came in positively, and we only lost jobs in the government.

Construction 505

Construction Housing Market Marketing Government 505

Housing Wire

JUNE 3, 2022

A tighter labor market is a good thing, I always say; this means people with less educational backgrounds can get employed as we do have many jobs that don’t require a college education. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit.

Construction 520

Construction Retail Transportation Marketing 520

Eyes on Housing

FEBRUARY 23, 2022

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts increased to 94.2% In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. during the fourth quarter of 2021.

Construction 87

Construction Marketing 87

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

MAY 6, 2022

We haven’t seen that yet; the -12% YoY decline is a noticeable weakness, but nothing too dramatic yet like what we saw from 2005-to 2008. Higher rates are doing what they usually do, they create more days on the market, which allows inventory to grow. HousingWire: What is the biggest risk to your balance housing market take?

Inventory 337

Inventory Housing Market Marketing Construction 337

Housing Wire

OCTOBER 21, 2020

million annualized pace for new construction — the highest level since 2007. trillion in 2005. The economy, labor market, and housing market have all seen meaningful rebounds since the onset of the pandemic, but there is still profound uncertainty,” Fratantoni said.

Mortgage 391

Mortgage Inventory Housing Market Construction 391

Empire Appraisal Group

AUGUST 10, 2023

Housing is a market just like stocks. Some of the froth is already out of the housing market. The stock market doesn’t seem worried about a housing crash. It consists of stocks whose revenue is primarily derived from the housing and construction sector. Prices soared, setting records, fueled by low mortgage rates.

Investing 78

Investing Finance Mortgage Construction 78

Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

Housing Market 413

Housing Market Marketing Mortgage Inventory 413

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 447

Construction Housing Market Inventory Buyers 447

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. How I look at rates is intertwined with how I look at the bond market.

Housing Market 535

Housing Market Marketing Inventory New Listings 535

Housing Wire

JUNE 27, 2023

One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. But a bigger story here is that the builders’ biggest competition isn’t other builders — it’s the number of existing homes on the market. When supply is 4.4-6.4

Construction 488

Construction Inventory Marketing Buyers 488

Annarbor Appraisal

JANUARY 20, 2020

The market statistics we get from the Board of Realtors is broad. Below is a direct comparison of all sales in the Ann Arbor school district excluding new construction and “to be built”. This information takes into account all listed houses in the Ann Arbor school district other than “to be built” and new construction.

Construction 78

Construction Realtors Appraisal Valuation 78

Housing Wire

FEBRUARY 24, 2023

Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. If sales are working from an elevated number, like what we saw from 2003-2005, it’s a different subject altogether. months and below, this is an excellent market for builders.

Inventory 435

Inventory Construction Housing Market Mortgage 435

Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. housing market. What is going on here?

Inventory 501

Inventory Housing Market Construction Marketing 501

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. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction.

Housing Market 511

Housing Market Marketing Construction Real Estate 511

Housing Wire

SEPTEMBER 28, 2022

million level we saw in 2005. However, it does show that the builders are in a much better spot to deal with their massive supply, compared to the 2005-2008 period. months and below, this is an excellent market for the builders. months , this is just an OK market for the builders. months are under construction, 1.86

Construction 462

Construction Sellers Inventory Housing Market 462

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 401

Housing Market Marketing Construction Supply Chain 401

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. In their haste, they miss the bigger picture of the housing market. In reality, housing economic modeling takes a lot of work, and some people instead choose marketing gimmicks to make a name for themselves. percent (±15.2 percent (±12.7

Inventory 467

Inventory Housing Market Construction Marketing 467

Housing Wire

FEBRUARY 24, 2022

To be honest here, the new home sales market is stuck for now. It gives an idea of what to expect for housing construction. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 6.5

Construction 385

Construction Housing Market Marketing Mortgage 385

Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. We didn’t have the credit stress issue from 2010-2023 like we did from 2005 through 2008. months and below, this is an excellent market for builders.

Inventory 537

Inventory Housing Market Construction Marketing 537

Robinson Appraisal Group

MARCH 22, 2018

Are you one of the people scouring the internet for the perfect house, driving around your favorite neighborhoods hoping to see a For Sale By Owner sign, stalking the “Coming Soon” house advertised and stressing out about what will be available on the market if you put your house up for sale??

Advertising 78

Advertising Landlords Real Estate Inventory 78

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. Housing construction productivity has always been terrible compared to other sectors of our economy; I get that, as we still build homes with hammers and nails, not robots.

Contracts 540

Contracts Construction Supply Chain Marketing 540

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Real Estate 371

Real Estate Marketing Insurance Buyers 371

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. 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.

Construction 370

Construction Housing Market Sellers Marketing 370

Housing Wire

SEPTEMBER 26, 2023

As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. months and below, this is an excellent market for builders. months , this is just an OK market for builders. months, the builders will pause construction. The existing home market is only sitting at 3.3 We are at 7.8

Inventory 461

Inventory Construction Housing Market Marketing 461

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

Mortgage 452

Mortgage Inventory Housing Market Construction 452

Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. The market is savagely unhealthy and needs balance; this is what we call balance! As you can see, sales levels were never elevated like what we saw from 2002-2005. Guess what happened in March?

Housing Market 392

Housing Market Inventory Construction Marketing 392

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. Just to give you some perspective here, at the peak of 2005, we had about 2.24 months of homes they have under construction or have not even started yet. Ladies and gentlemen, welcome to the savagely unhealthy housing market. months and below, this is an excellent market for the builders.

Construction 507

Construction Housing Market Marketing Business 507

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. Why do I call it a housing recession?

Mortgage 529

Mortgage Construction Inventory Buyers 529