Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Overall, an estimated 1.413 million units were started in 2023, a drop of 9.0% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S.

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Construction Real Estate Housing Market Buyers 397

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. Department of Housing and Urban Development (HUD), according to lawyers. UWM, which originated $33.5

Construction 393

Construction Real Estate Agent Loan Officers Legal 393

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. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 months in December.

Construction 423

Construction Contracts Buyers Development 423

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. 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. for the third quarter of 2023.

Construction 364

Construction Finance Inventory Development 364

Housing Wire

DECEMBER 22, 2023

So, if you’re confused about why the builder stocks are doing well recently, the builders were still showing sales growth in 2023, and now rates have also fallen and the Fed rate hike cycle has ended. Census Bureau and the Department of Housing and Urban Development. months and below, this is an excellent market for builders.

Mortgage 496

Mortgage Marketing Construction Inventory 496

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. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. We do not have enough houses on the market to satisfy demand, even with the higher interest rates.”

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. I would anticipate multifamily housing starts are probably going to be down 40% year over year in 2023 and I think that is going to be the same for single family home building, if not higher. Census Bureau and the U.S.

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Construction Supply Chain Buyers Development 406

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. 12 compared to a week earlier.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6

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Housing Market Marketing Inventory Construction 499

Housing Wire

JULY 6, 2023

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater.

Mortgage 375

Mortgage Construction Inventory Investors 375

Housing Wire

JANUARY 23, 2024

Tricon, which owned 37,478 homes at the end of the third quarter of 2023, was one of three big publicly traded institutional homebuyers. By the close of Q3 2023, American Homes 4 Rent , with 58,392 single-family homes, and Invitation Homes , with 76,138 single-family homes, were the only comparably sized contenders to Tricon Residential.

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Development Construction Marketing Finance 468

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. Land Tejas, owned by Starwood Capital Group, appeared on the list three times and was the developer behind Sunterra.

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Development Real Estate Construction Inventory 279

Housing Wire

DECEMBER 29, 2023

In some ways, 2023 was the year of the homebuilder. 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.

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Construction Supply Chain Inventory Housing Market 427

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. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.

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Housing Market Marketing Construction Development 544

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. In the fourth quarter of 2023, almost 32% of U.S. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record.

Construction 380

Construction Housing Market Buyers Sellers 380

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

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Inventory Supply Chain Construction Buyers 383

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.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move.

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Inventory Housing Market Marketing Real Estate 290

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). increase from the revised December rate of 651,000, it falls slightly below market expectations. rise from the January 2023 pace of 649,000 units sold. New homes constitute slightly more than 30% of the total active inventory in the market. It also marked a 1.8%

Construction 405

Construction Development Housing Market Government 405

Housing Wire

FEBRUARY 9, 2024

Thanks to a slower rate of housing starts , there were more lots available in the fourth quarter of 2023 compared to a year earlier, according to Zonda ’s New Home Lot Supply Index. but Zonda noted that the national market remains “significantly undersupplied.” Year over year, the index rose by 25.1% to reach a reading of 61.9,

Development 358

Development Inventory Construction Real Estate 358

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. As a result, I think it has actually insulated some aspects of the market.

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Supply Chain Construction Inventory Finance 355

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). rise from the February 2023 pace of 625,000 units sold. Builder confidence, as measured by a survey from the National Association of Home Builders (NAHB), improved to a reading of 51 in March , its highest level since July 2023. Census Bureau and the U.S. from a year ago.

Construction 366

Construction Inventory Housing Market Finance 366

Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Kamps added that he anticipates the prices of the 80,000 lots that already have AWS will also increase if developers chose to sell them, since there currently is a finite supply.

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Construction Agents Development Real Estate Agent 307

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. With continued supply chain disruption, cost increases and fear of inflation , the market has felt tenuous at best. Fortunately, it’s not all bad news.

Marketing 436

Marketing Contracts Supply Chain Project Management 436

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 435

Finance Construction Tenants Renovations 435

Housing Wire

MAY 11, 2024

Mortgage rates and the bond market have fallen a bit recently and the spreads between the 10-year yield and 30-year mortgage rate have improved over last year’s levels. To see mortgage rates drop and stay lower, the bond market needs to know the labor market is getting softer. That’s a 0.50% difference in rates.

Mortgage 394

Mortgage Inventory New Listings Housing Market 394

Housing Wire

FEBRUARY 26, 2024

When some people say millions of new homes are about to hit the market because we have so many homes under construction, this means they don’t read or understand the new home sales report. Census Bureau and the Department of Housing and Urban Development. percent)* above the January 2023 estimate of 649,000.

Construction 522

Construction Business Contracts Marketing 522

Housing Wire

MARCH 6, 2024

The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months. Days on market increased slightly but remained below historic averages.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets.

Lending 322

Lending Renovations Construction Finance 322

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday.

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Buyers Housing Market Insurance Construction 331

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3%

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Retail Lending Renovations Construction 351

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development ( HUD ). Policymakers at all levels of government need to enact policy changes that will allow builders to construct more homes, such as speeding up permit approval times, providing resources for skilled labor training and fixing building material supply chains.”

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Supply Chain Insurance Training Construction 358

Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. Census Bureau and the Department of Housing and Urban Development. months , this is just an OK market for builders.

Construction 421

Construction Buyers Mortgage Inventory 421

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . They include a $405.2 Approximately 36.8% Another of the planned offerings is a $485.9

Marketing 399

Marketing Investing Investors Landlords 399

Housing Wire

APRIL 9, 2024

David O’Reilly, CEO of Howard Hughes Holdings which constructs planned communities, describes the market being “at the cusp,” saying that the demand appears to be coinciding with more members of Gen X nearing a time where they will become “empty nesters.”

Buyers 488

Buyers Construction Realtors Development 488

Appraisal Buzz

MAY 23, 2024

compared with April 2023, according to estimates from the U.S. Department of Housing and Urban Development. Moderating rates, along with a dearth of existing inventory, should help new home sales recover as new construction will be needed to meet the demand for homes, especially during this crucial spring/summer season.” “A

Mortgage 221

Mortgage Construction Buyers Inventory 221