Housing Wire

NOVEMBER 23, 2022

Department of Housing and Urban Development (HUD) and the U.S. In addition, the amount of inventory also dropped to 470,000 homes for sale or the equivalent of a supply of 8.9 Census Bureau. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 632,000, up 7.5% from September, but down 5.8%

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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. million housing units due to a severe lack of supply produced between 2012 and 2019. million and 7.3

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Housing Wire

MAY 24, 2022

Census Bureau and the Department of Housing and Urban Development. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. This is 16.6 percent (±10.4 percent (±13.7

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Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Top markets for affordable renovated housing inventory. percentage points from the previous year, when it was 6.10%.

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Deitz said the “underbuilding” in the home market between 2012-2019 “left us with the housing deficit.” Dietz concurs, adding that two-thirds of homebuilders say lot inventories are “low or very low.” “And Taken by Felix Mizioznikov.

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Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Housing Wire

FEBRUARY 24, 2022

This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. Census Bureau and the Department of Housing and Urban Development. Every housing weakness we have seen from 2012 to 2022 was supposed to be the housing bubble crash. percent (±16.2

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Annarbor Appraisal

APRIL 9, 2020

Ann Arbor is somewhat insulated from national market forces in that we are a university community, and the university brings with it a lot of stability due to student life, research and development, and the industries that tie in to the university. That said, we are not immune. Year to year trends. What happens if it only tops 15%?

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. 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.

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Empire Appraisal Group

FEBRUARY 15, 2024

Homeowners Are More Apt to Stay Put With interest rates for a 30-year fixed mortgage still high, home prices holding steady and inventory still low, many homeowners plan to stay put, optimizing or expanding their existing square footage. After slowing from 2012 to 2014, spec building has picked up, due to an uptick in migration.

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Houston Properties

JULY 21, 2022

It was completed in 2012 and is now home to the Houston Dynamo. Most of the current inventory is composed of single-family homes and townhomes. This is likely to increase though with the number of old warehouses and vacant lots that are being developed in the area. To the far end of EaDo is the BBVA Compass Stadium.

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Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The county has not seen a July figure this low since records have been archived for brokers in the early 2000s ; the previous low of 2512 single-family new listings in July occurred in 2012. The result: generally rising prices amid limited inventory.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. Inventory remains a big concern. After hitting a low of 4.6%

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Will Springer Realtor

MAY 12, 2021

Housing starts – the number of units builders would begin if development kept pace for the next 12 months – increased 19% nationally to a seasonally adjusted annual rate of 1.7 >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. Total inventories were little changed from March to April.

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Housing Wire

JUNE 15, 2022

The Progress Residential SFR platform was launched in 2012 “to capitalize on dislocation in the U.S. That model involves “working with homebuilders to create new SFR inventory,” Sharga explained, “instead of competing with mom-and-pop investors and consumer homebuyers for extremely limited inventory.”.

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Will Springer Realtor

DECEMBER 8, 2021

Building developers are optimistic they can overcome many of the challenges. households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4

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Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. Months of inventory improved slightly from June but remain extremely low.

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Clear Capital

JUNE 30, 2021

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Overall, the Northeast and the Mid-Atlantic have been laggards since real estate bottomed in 2012.

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