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Housing starts are rising, despite cost to buyers

Housing Wire

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

Buyers 441
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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Housing starts increase, but builders still lack supplies

Housing Wire

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. It’s the third-highest number of housing starts builders have broken ground on in one month since May of 2006, a sign of strong buyer demand. Housing starts increased 6.3% to a rate of 1.64

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Building material prices take their toll on new home sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. to the highest level since 2006.

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As prices rise, builder confidence falls from record highs

Housing Wire

In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded readings in November. Policymakers should take note to avoid increasing regulatory costs associated with land development and residential construction,” Fowke said.

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New home sales fell again in February

Housing Wire

Department of Housing and Urban Development and the U.S. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Homebuilder confidence fell in March as builders continue to face supply chain disruptions, price increases, and concerns that declining affordability will price out buyers.”.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.