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. Housing recession. That would be a positive for demand.

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Housing Wire

JANUARY 24, 2022

A December report by prepared by Urban Institute ’s Housing Finance Policy Center shows that the private-label market’s share of mortgage securitizations was slightly more than 4% as of October of last year, up from 1.83% in 2012 and fast approaching its post-crisis high of 5% in 2019.

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Miller Samuel

FEBRUARY 9, 2019

With all the hubbub about the new Manhattan residential price record of $238 million and potential ramifications, I wanted to create a chart to give readers a sense of how disconnected this sale is from the prior records, and from housing prices for mere mortals in already one of the highest priced housing markets in the U.S.

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Housing Wire

OCTOBER 21, 2020

million annualized pace for new construction — the highest level since 2007. Before this year, 2003 was the last time a record was set for profitability on the origination side, and 2012 was the last record year for refinances. Additional waves of the virus could lead to further lockdowns and more job market instability.

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Housing Wire

JUNE 2, 2023

Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. The transaction could also signal investors’ re-entry into the housing market after institutional investors shed properties at the end of 2022 following a drop in housing prices nationwide.

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Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. million housing units were started , and 11.9 In 2022, 2.06 million households.

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Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. We would like to see Section 515 paying for both.

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Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). median income of $96,300. median income of $96,300.

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Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

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Housing Wire

FEBRUARY 24, 2022

From the National Association of Home Builders : For many years I have stressed that the most important housing data I follow is the monthly supply of new homes. It gives an idea of what to expect for housing construction. adjusted estimate of new houses for sale at the end of January was 406,000. When supply is 4.4

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Housing Wire

DECEMBER 19, 2022

Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. In December, builder confidence in the market for newly built single-family homes fell two points compared to November.

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Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

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Housing Wire

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Three other indices monitored by the NAHB also posted declines in October.

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Housing Wire

OCTOBER 19, 2022

Soaring interest rates took hold of the housing market in September, with rates climbing towards 7%,” Nicole Bachaud, an economist at Zillow , said in a statement. The new construction industry was not blind to the impacts this will have on housing demand. million housing units under construction, an all-time record.

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Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. 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%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Town & Country Residential Appraisals

FEBRUARY 24, 2020

Above: 1970-2019 National median home price % increase VS. home construction % increase. There is lots of talk of national home prices increasing since 2008 and having stalled in 2018-2019 and what the possible causes could be, but what does that have to do with our local market. See the green and red lines above).

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Housing Wire

NOVEMBER 23, 2022

The increase in new-home prices reflects a shift in the mix of homes being sold, with fewer homes sold at lower prices points, thus the median price escalated, as well as higher construction costs are being passed on to the consumer,” Kushi said. One year ago, 18% of new-home sales were priced below $300,000.

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Housing Wire

OCTOBER 19, 2020

The National Association of Home Builders and Wells Fargo Housing Market Index rose two points to 85 in October – the highest score the series has ever recorded since its inception 35 years ago and the second month in its history the score broke 80. year over year in September – the largest annual increase since at least 2012.

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Appraisal Today

DECEMBER 8, 2023

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. to 305,219—the lowest third-quarter level since 2012. For the national market and some regions, Click Here My comments: What’s happened in the past or now, in your market? Investor purchases of U.S.

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Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” below 4%) and today’s current market rates has created a so-called “lock-in effect.” That shortage is estimated to range from 1.5

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Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. The report said that although lot development slowed in Q3, single-family permits and construction values “ trended upward.”.

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Housing Wire

DECEMBER 23, 2021

months, this is an OK market for the builders. months and above, the builders will pull back on construction. adjusted estimate of new houses for sale at the end of November was 402,000. When supply is 4.4 They will build as long as new home sales are growing. When supply is 6.5 This represents a supply of 6.5

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Empire Appraisal Group

OCTOBER 28, 2021

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. Given the strong housing market and price appreciation, banks are more likely to work with borrowers to restructure their loans.

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Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’.”. Economists across the U.S.

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Housing Wire

DECEMBER 16, 2021

Slow and steady wins this race, and as long as you’re not looking for a massive construction boom, you won’t be walking in the wrong path. Another new twist to the housing story is the comeback in lumber prices! Still, even with the increases we saw in the monthly supply data this year, we never broke above 6.5

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Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. That article came out in 2014 right as the housing market was peaking.

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. decline over the 12 months ending March 2012. Companies like KB Home are cutting prices on new construction units and adding greater buyer incentives to move inventory.

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Will Springer Realtor

AUGUST 11, 2023

Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). counties are in our region.

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Will Springer Realtor

AUGUST 15, 2023

The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather. The average number of days all homes stay on the market before finding a buyer is 18 in King, up 39% from a year ago, and 17 days for single-family homes. on the Eastside.

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Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Economists forecast housing starts will rise a promising 5% in 2022. construction jobs in the U.S., year-on-year (YoY), according to U.S. “In

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Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Geo Market Area: Rice / Museum District. Quality of construction. Geo Market Area: Westchase.

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Houston Properties

OCTOBER 1, 2021

See why the 2020-2021 housing market saw a boom during a year of human misery. The areas where it is now cheaper to buy a house are neighborhoods that have flooding history. We first worked with Paige and her team in 2012 and chose to work with them again in 2021. See more details on the COVID impact on Houston.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Will Springer Realtor

AUGUST 9, 2021

Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

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