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Homebuilders are primed for an even better 2024

Housing Wire

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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Pretium Partners to acquire 4,000 D.R. Horton rental homes in $1.5B deal

Housing Wire

Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. Horton Inc. billion deal, as Bloomberg first reported. according to the firm.

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

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.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

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Economic Turbulence Prompts Seattle Area Market Concern vs. Year Ago

Will Springer Realtor

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” decline over the 12 months ending March 2012. Condo inventory stands at 1.7 months’ inventory for all home types, down sharply from 2.3 Eastside inventory is 1.4

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OK to average adjusted comps on appraisals?

Appraisal Today

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. ”… Question 2: does the lending industry owe the appraiser a living? Investor purchases of U.S. homes dropped 29.7% percent the previous week.