Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.” from February.

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. What a year 2021 has been.

Housing Market 522

Housing Market Marketing Construction Mortgage 522

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. 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.

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Housing Market Marketing Construction Real Estate 505

Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

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Housing Market Marketing Mortgage Inventory 402

Housing Wire

OCTOBER 11, 2021

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. 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.

Housing Market 532

Housing Market Marketing Construction Investors 532

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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Housing Market Marketing Inventory Buyers 505

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. With lumber prices recently pulling back, we expect some near-term strength in construction.

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Housing Market Marketing Inventory Construction 493

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years.

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Construction Housing Market Inventory Buyers 440

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. year over year, and non-residential increased 4.9%.

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Housing Market Marketing Construction Real Estate 324

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. We first had to whittle down the excess inventory and get our financial house in order (i.e., million until 2020-2024. We still have not seen housing starts begin the year at the level.

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Housing Market Marketing Inventory Construction 545

Housing Wire

APRIL 1, 2022

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. The unemployment rate is now just marginally higher than its February 2020 level of 3.5%. ” Cracking the code on marketing to the realtor channel.

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Housing Market Construction Marketing Real Estate 391

Housing Wire

JULY 26, 2021

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months and below is a good market for the builders — 4.4 This represents a supply of 6.3

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Housing Market Marketing Inventory Construction 513

Housing Wire

JANUARY 6, 2023

Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Residential building construction employment increased by 0.3%

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Housing Market Marketing Construction Real Estate 422

Housing Wire

SEPTEMBER 5, 2023

Single-family home building slowed across the country during the second quarter of 2023, thanks to higher mortgage rates , and labor and supply shortages , according to the National Association of Home Builder’s (NAHB) Home Building Geography Index. The HBGI is a quarterly measurement of building conditions across the county. in Q2 2023.

Construction 341

Construction Marketing Development Mortgage 341

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. recorded in February 2020. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. in June 2021.

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Construction Housing Market Retail Real Estate 337

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It As of Feb.

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021, according to the latest report from the National Association of Home Builders and Wells Fargo Housing Opportunity Index. of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. ” . .

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Housing Market Marketing Market Value Construction 412

Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% increase above the revised June estimate in housing starts in July. This means we can add housing starts to our growing collection of V-shaped recovery charts for the 2020 housing market. The years 2020-2024 have the best demographics for housing.

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Housing Market Marketing Construction Inventory 544

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. While the market share of [single-family] BFR homes is small, it has clearly been trending higher,” the NAHB report continues. “As Riding a cresting wave.

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Housing Market Marketing Construction Development 544

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? Housing inflation post-2020 was one for the record books, not only because home prices accelerated in such a short time, but more importantly for the inflation data, rents took off, something that didn’t happen during the housing bubble years.

Mortgage 490

Mortgage Construction Supply Chain Housing Market 490

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “The NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in November.

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report.

Mortgage 495

Mortgage Construction Inventory Housing Market 495

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. The days on the market to sell a home is too low.

Housing Market 309

Housing Market Marketing Supply Chain Inventory 309

Housing Wire

NOVEMBER 2, 2020

With Halloween now in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election. I’m talking about housing market crash headlines. The housing data has been wild this year. Existing homes sales didn’t have either the worst or best print in 2020.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 310

Construction Development Business Housing Market 310

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers.

Mortgage 448

Mortgage Construction Contracts Housing Market 448

Housing Wire

APRIL 19, 2022

Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. In addition, this data lags behind the current reality of a housing market dealing with much higher mortgage rates. From Census: Privately?owned percent (±12.3

Mortgage 385

Mortgage Housing Market Construction Marketing 385

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. Today, rates are even higher. New home sales.

Construction 498

Construction Housing Market Inventory Marketing 498

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 or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

Mortgage 457

Mortgage Inventory Housing Market Construction 457

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. The business appears durable, too. million and 7.3

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. “We are far away from those mortgage rate levels right now, but you have to know your limits with new home sales.”

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Market Marketing Construction Insurance 377

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

Housing Wire

JANUARY 7, 2022

With nine months left until the end of September 2022 (the milestone in my forecast), let’s see how much progress we need: Feb 2020: 152,553,000 jobs Today: 148,951,000 jobs That leaves 3,602,000 jobs left to gain in the next 9 months, which is 400,222 jobs per month. away from being back to February 2020 levels. unemployment rate!

Mortgage 490

Mortgage Construction Retail Marketing 490

Housing Wire

JANUARY 31, 2024

CoreLogic Principal Economist Molly Boesel told HousingWire the 2022 price boom was largely “a spillover from the for-sale market,” which has been stuck in a prolonged inventory crunch in the present high-mortgage-rate environment. However, that depends in large part on how quickly and steeply mortgage rates fall.

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Construction Inventory Property Management Housing Market 399