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. In 2022, 2.06 million housing units were started , and 11.9 million households.

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Housing Market Marketing Inventory Construction 421

Housing Wire

JUNE 18, 2023

9, 2022 , this data has been forming a bottom-end range. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. 9 is a critical date because that’s when the housing market turned. New listings data is another big story with housing inventory.

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Housing Market Marketing Inventory New Listings 451

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Home sales.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market.

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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. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.

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Inventory Housing Market Marketing Real Estate 290

Housing Wire

MAY 14, 2024

Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. Meanwhile, investors are flocking to the BTR sector.

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Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. Index values for December published last week.

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Construction Supply Chain Transportation Buyers 425

Housing Wire

JULY 2, 2021

The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints. job market was 9.5 In today’s housing market, lenders need to make sure they’re staying competitive. from 5.8%, though it is important to note the details.

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Housing Market Marketing Construction Inventory 493

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. in March 2022 to 4.5%

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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. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

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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. million jobs in 2022, compared to 6.7

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Housing Market Marketing Construction Real Estate 422

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. trillion in 2022. The mortgage market is projected to slip further to $2.17

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Housing Market Supply Chain Marketing Inventory 400

Housing Wire

DECEMBER 6, 2022

Single-family building in large metro outlying counties and exurban areas has waned in the last 12 months, according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2022. . in Q3 2022. for the year ending on September 30, 2022. in Q3 2021 to a rate of -4.4%

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Construction Housing Market Marketing Mortgage 431

Housing Wire

MAY 23, 2024

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. As the chart below shows, the housing sector generally poses a future risk to labor if the single-family permits data continues to decline.

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

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Inventory Housing Market Marketing Construction 375

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

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Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. However, growth began to slow drastically in the second quarter of 2022 as the Federal Reserve began raising interest rates to combat inflation. in Q4 2022.

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Construction Housing Market Marketing Buyers 378

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. Following these years of doldrums, in the years 2020 to 2024 we have the best housing demographic patch ever recorded in history. Become a member today.

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Housing Market Marketing Construction Investors 532

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. If monthly gains continue at the March pace, we could return to the pre-COVID employment peak by July 2022.”. The unemployment rate dropped 0.2 a year ago.

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Housing Market Construction Marketing Real Estate 391

Housing Wire

AUGUST 14, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. “I I absolutely love the Columbia Basin and the reason is that we are a unique market.

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Housing Market Marketing Inventory Agents 288

Housing Wire

APRIL 13, 2022

Logan Mohtashami: Supply has gotten worse and worse this year, every single week in 2022 on a year-over-year basis. This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. Housing peaked in 2005 and then declined for many years. Have more questions for Logan?

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Housing Market Marketing Mortgage Inventory 402

Housing Wire

MARCH 28, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. HousingWire: To begin, how has your 2022 forecast changed so far? HousingWire: How will rising rates affect new home construction? What has remained the same?

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Housing Market Marketing Supply Chain Inventory 309

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Market Marketing Construction Inventory 313

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development and U.S. below the September 2022 rate of 1,463,000. However, permits for future construction recorded a 4.4% Indeed, privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,473,000, down from 1,541,000 in August.

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Construction Development Inventory Mortgage 407

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. compared to June 2022. year over year. “The

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Housing Market Marketing Construction Inventory 328

Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. It happened because big homebuilders made deals, cut prices, and paid down rates , all to grow market share. percent (±13.5

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Marketing Construction Housing Market Mortgage 440

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. in June from a year ago while the market saw 28% fewer new listings added during the same period.

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Construction Advertising Real Estate Real Estate Agent 337

Housing Wire

JANUARY 25, 2024

This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. 9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. months , this is just an OK market for builders.

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Construction Housing Market Inventory Marketing 491

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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Housing Market Mortgage Marketing Inventory 370

Housing Wire

NOVEMBER 4, 2021

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction.

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Construction Renovations Training Development 522

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022.

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Inventory Construction Mortgage Buyers 463

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

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. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

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Marketing Mortgage Supply Chain Inventory 447

Housing Wire

JULY 24, 2023

For most states, the pipeline for construction of single-family homes specifically designed as rentals is booming. Market conditions in 10 states are such that this kind of construction isn’t a priority. million more homes, there are 10 states that aren’t constructing built-for-rent housing, the reporting explains.

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Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. And that has priced a lot of people out of the market,” Piccinini said.

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Construction Supply Chain Inventory Agents 353

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022.

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Construction Finance Inventory Development 364