Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. percent (±12.3

Construction 418

Construction Buyers Mortgage Inventory 418

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Slow construction and restrictive zoning laws.

Inventory 389

Inventory Marketing Mortgage Supply Chain 389

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. months and above, the builders will pull back on construction. 267,000 homes are under construction, still.

Inventory 458

Inventory Housing Market Construction Marketing 458

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. That’s why the average 30-year fixed-rate mortgage rate decreased to 6.33% this week, down 16 basis points compared to the previous week, according to the latest Freddie Mac survey. economy is cooling down due to the tightening monetary policy. drop in 2023.

Mortgage 351

Mortgage Home Value Construction Investors 351

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. Let me explain my logic with today’s housing starts report.

Construction 467

Construction Housing Market Inventory Mortgage 467

Housing Wire

JULY 19, 2022

The smart thing to do is go with the builder sentiment trend until it reverses, and most likely, we will need to see lower mortgage rates for that to happen. 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 503

Housing Market Marketing Construction Real Estate 503

Housing Wire

MARCH 23, 2023

This business model means that the builders are very mindful of the demand for their product and keep an eye out on their main competition, the existing home market, where supply is cheaper for a buyer. They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products.

Inventory 529

Inventory Housing Market Construction Marketing 529

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. Don’t expect a buying or construction boom during this period.

Housing Market 531

Housing Market Marketing Construction Investors 531

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. 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). The builders will pull back on construction when the supply is 6.5

Inventory 419

Inventory Construction Housing Market Mortgage 419

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. One such measure is who is entering the market.

Realtors 404

Realtors Buyers Inventory Sellers 404

Housing Wire

JUNE 27, 2023

The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings.

Construction 477

Construction Inventory Marketing Buyers 477

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year.

Inventory 497

Inventory Construction Housing Market Business 497

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. The first answer is that people are staying in their homes longer post-2008. Credit stress was evident from 2005 to 2008.

Inventory 489

Inventory Housing Market Construction Marketing 489

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. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 437

Mortgage Inventory Housing Market Construction 437

Housing Wire

MARCH 23, 2022

Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement.

Supply Chain 350

Supply Chain Housing Market Buyers Construction 350

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Of course, the answer is about why this is not the same market — in any way — to post 2008. Are we in a housing bubble?”

Sellers 379

Sellers Housing Market Inventory Buyers 379

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 402

Housing Market Inventory Contracts Marketing 402

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 447

Marketing Mortgage Supply Chain Inventory 447

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. This could make raising capital for new construction projects harder, and more expensive, everywhere. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 381

Real Estate Housing Market Marketing Investors 381

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. Since 2018, the housing supply deficit has been growing.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Housing Wire

SEPTEMBER 22, 2020

The context for this number is that from 2008-2019 my belief was that we would have the weakest housing recovery ever, but in the years 2020-2024, our demographics for housing became vastly improved. The new home sales market is doing well as it really benefits from lower mortgage rates. million or higher until this year.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow.

Inventory 542

Inventory Construction Government Housing Market 542

Housing Wire

JUNE 20, 2023

As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates. months and above, the builders will pull back on construction. Some of those homes haven’t even started construction yet.

Housing Market 423

Housing Market Construction Sellers Marketing 423

Housing Wire

DECEMBER 20, 2022

“November continued to see a slip in home construction activity, despite inflation cooling off and mortgage rates falling,” Nicole Bachaud, Zillow’s economist, said in a statement.

Housing Market 349

Housing Market Construction Inventory Design 349

Housing Wire

JUNE 2, 2022

And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. How can high prices be sustained when a buyer’s buying power is stretched so thin? In reality, mortgage rates have little correlation to home prices.

Housing Market 433

Housing Market Supply Chain Construction Clients 433

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 352

Supply Chain Construction Inventory Finance 352

Housing Wire

NOVEMBER 1, 2022

It’s impossible to pick out just one factor, but longstanding underinvestment in new housing, coupled with a confluence of certain federal and monetary policies, have all played a role in limiting options for first-time home buyers. Housing Shortages and Mortgage Rate Fluctuations. One recent estimate found that the U.S.

Buyers 331

Buyers Tenants Housing Market Marketing 331

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Housing Market 539

Housing Market Inventory Mortgage Marketing 539

Housing Wire

MARCH 26, 2024

In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged. In addition, new-home construction — including in the hot build-to-rent (BTR) sector — is helping to slowly boost housing supply.

Investors 424

Investors Marketing Inventory Real Estate 424

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.

Insurance 335

Insurance Housing Market Marketing Agents 335

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products.

Inventory 78

Inventory Housing Market Construction Real Estate 78

McKissock

MAY 30, 2023

Interest rates According to Freddie Mac, interest rates increased after a two-week decrease, with the average 30-year fixed-rate mortgage rising from 6.35% to 6.39% between May 11 and 18. The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%.

Real Estate 73

Real Estate Construction Appraisal Inventory 73

DW Slater Company

FEBRUARY 23, 2023

The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Some may have a bit of PTSD from the 2008 Housing crash but just know that this is a different market with different factors impacting it. So what’s happening in the housing markets here?

Inventory 128

Inventory Marketing Supply Chain Appraisal 128

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. This significant increase came about due to the unprecedented combination of: All time low mortgage rates. What Canadian Home Buyers Can Expect in the Next 5 Years.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Cleveland Appraisal Blog

APRIL 29, 2021

Generally speaking, real estate is one of the most secure investments you can make, and bar any situations like the crash in 2008, you are pretty much guaranteed a constant increase in value and desirability. Again, there is not much you can do about construction materials. What Buyers Look For. Materials used. Outdoor space.

Appraisal 249

Appraisal Investing Buyers Renovations 249

McKissock

AUGUST 14, 2022

Do we have enough houses to meet buyer demand, or will seller listings continue to be snatched up before they hit the market? In 2008, many people lost their homes when the housing bubble burst. Need for New Construction. Now that interest rates are rising, there’s a true lack of affordable housing for buyers.

Inventory 68

Inventory Construction Real Estate Renovations 68