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. That could set the backdrop for a slower pace of construction.

Construction 425

Construction Supply Chain Transportation Buyers 425

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. That’s up 25.7%

Investors 426

Investors Marketing Inventory Real Estate 426

Housing Wire

DECEMBER 13, 2023

Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. in Q1 2024, up from 55.0% in Q1 2023. in Q1 2023.

Marketing 422

Marketing Investors Real Estate Investing 422

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. As of Feb.

Construction 353

Construction Supply Chain Inventory Agents 353

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

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. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. Don’t expect a buying or construction boom during this period.

Housing Market 532

Housing Market Marketing Construction Investors 532

Housing Wire

FEBRUARY 21, 2024

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 But 2024’s deals show investor interest has persisted. Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5

Investors 421

Investors Construction Real Estate Inventory 421

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. Housing demand has fallen noticeably this year. Housing permits and starts are falling now, even with the backlog of homes in the system. Housing inventory. Production falls.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

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.

Construction 440

Construction Housing Market Inventory Buyers 440

Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6%

Housing Market 444

Housing Market Inventory Realtors Construction 444

Housing Wire

JANUARY 18, 2024

Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. 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). Census Bureau and the U.S. compared to 2022.

Construction 397

Construction Real Estate Housing Market Buyers 397

Housing Wire

APRIL 18, 2024

Meanwhile, new construction of both single-family and multifamily homes receded in March. Prospective home buyers face a very confusing housing market,” Bright MLS chief economist Lisa Sturtevant said in a statement.

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

Inman

JANUARY 26, 2024

With listings still in short supply, homebuyers are "dealing with an affordability shock" and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY.

Housing Market 148

Housing Market Marketing Construction Inventory 148

Housing Wire

AUGUST 16, 2023

Due to the restrictions these regulations have created, Kamps said the HBACA is concerned about the area’s housing supply and housing affordability moving forward. No one is really talking about it,” Robert Shaw, the Arizona regional vice president of Hunt Real Estate ERA , said.

Construction 307

Construction Agents Development Real Estate Agent 307

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Here are some of the big questions to ponder in 2024. by December 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Housing Wire

JANUARY 9, 2024

Additionally, ADUs present an excellent solution for housing family members in need including aging parents by adding infill housing in the most desirable neighborhoods. Fannie Mae and Freddie Mac already have some guidelines for ADU financing, but they have yet to have a major impact on the overall supply in the market.

Finance 435

Finance Construction Tenants Renovations 435

Housing Wire

NOVEMBER 27, 2023

However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. Builders have been struggling with the increased cost of borrowing, while many buyers were priced out of an unaffordable housing market. What to expect in 2024? Builder confidence fell to 40 in October.

Housing Market 351

Housing Market Construction Inventory Buyers 351

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% in 2024, up from the 4.6%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

FEBRUARY 27, 2023

NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% In 2024, however, he anticipates an increase in existing home sales of 17.7%

Housing Market 393

Housing Market Realtors Contracts Buyers 393

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Let’s look at the details of the U.S.

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

OCTOBER 26, 2023

in 2024, hitting 800,000 new homes. For those new construction units, the national median new home price is projected to drop by 5.9% in 2024, to $445,800. This underscores the importance of increased inventory in helping to get the overall housing market moving,” Yun added. In 2024, they should rise by 13.5%

Inventory 355

Inventory Contracts Housing Market Realtors 355

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. trillion compared to $2.75

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

Inventory 539

Inventory Housing Market Mortgage Marketing 539

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. Fannie Mae forecasts home-price growth for 2023 and 2024 will be positive 3.9% Housing starts surged 18.5%

Construction 266

Construction Inventory Housing Market Marketing 266

Housing Wire

JULY 27, 2023

in 2024, according to NAR’s forecast. million in 2024. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” On the flip side, newly constructed home sales are forecast to increase 12.3% in 2024, to 820,000.

Construction 339

Construction Inventory Realtors Housing Market 339

Housing Wire

JANUARY 19, 2024

It requires economic and income growth and, most importantly, a steady buildup of home construction.” Befitting a challenging year for the housing market , existing home sales closed out 2023 at a seasonally adjusted annual pace of 3.78 Heading into 2024, there were 1 million existing home units on the market, representing a 3.2

Inventory 416

Inventory Realtors Housing Market Construction 416

Housing Wire

FEBRUARY 16, 2024

We can see a clear difference between the two markets in the housing construction data. Apartment permits Single family permits We should all be grateful that the builders are paying down mortgage rates and finishing their significant backlog of homes that are under construction or haven’t started construction yet.

Construction 420

Construction Mortgage Marketing Housing Market 420

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Pace of Real Estate Market Steady into Spring.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

DECEMBER 19, 2022

This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. In December, builder confidence in the market for newly built single-family homes fell two points compared to November.

Contracts 370

Contracts Construction Buyers Housing Market 370

Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). median income of $96,300. “But

Housing Market 462

Housing Market Construction Marketing Mortgage 462

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. months , this is just an OK market for builders. months , the builders will pause construction. When supply is 4.4-6.4

Construction 522

Construction Business Contracts Marketing 522

Housing Wire

FEBRUARY 9, 2024

“The market saw a brief reprieve in lot availability as starts slowed, but the fourth quarter data captures the return of tightening as builders step up construction activity,” Zonda chief economist Ali Wolf said in a statement. “75% 75% of builders intend to start more homes in 2024 compared to 2023, and those starts require lots.

Development 358

Development Inventory Construction Real Estate 358

Inman

SEPTEMBER 27, 2023

New-construction homebuilders are using incentives to garner an outsized share of the current housing market and capitalize on buyer demand. Windermere Chief Economist Matthew Gardner checks the numbers to see how their strategy is working now and what it means for 2024.

Marketing 144

Marketing Construction Housing Market Buyers 144

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict.

Real Estate 78

Real Estate Marketing Buyers Sellers 78