Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply. ” However, the U.S.

Buyers 441

Buyers Construction Inventory Housing Market 441

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 446

Contracts Housing Market Construction Inventory 446

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. Home prices increased 2.3%

Buyers 498

Buyers Inventory Realtors Contracts 498

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , the builders will pause construction. Well, builders are in business to make money, they’re not a charity.

Construction 523

Construction Business Contracts Marketing 523

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The NAR’s Pending Home Sales Index fell to a reading of 76.5

Contracts 312

Contracts Inventory Housing Market Realtors 312

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”.

Housing Market 315

Housing Market Marketing Construction Inventory 315

Housing Wire

OCTOBER 26, 2022

The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1

Construction 438

Construction Inventory Contracts Buyers 438

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

Contracts 364

Contracts Inventory Housing Market Buyers 364

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

SEPTEMBER 14, 2022

Rapidly rising interest rates and skyrocketing home prices pushed many would-be buyers out of the market and tanked the refinance market,” the MAXEX report states. Contacts attributed the decline in sales to rising mortgage rates, coupled with high price inflation that crimped buyers’ budgets.

Construction 369

Construction Real Estate Inventory Supply Chain 369

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. 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.

Housing Market 407

Housing Market Inventory Contracts Marketing 407

Housing Wire

SEPTEMBER 7, 2023

However, high home prices and growing affordability challenges are the two factors weighing on prospective home buyers, said Sturtevant. She expects a market contraction this fall in the housing sector.

Housing Market 401

Housing Market Mortgage Marketing Contracts 401

Housing Wire

OCTOBER 26, 2022

there is a mismatch between today’s elevated prices and buyers’ budgets, which has sidelined many buyers in the near term,” Mangold said in a statement. Motivated buyers who are able to stomach the rate increase or who may be buying in cash are encountering a much less competitive buying landscape than earlier this year.”.

Inventory 290

Inventory Contracts Buyers Investors 290

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. I mean very little inventory.

Loan Officers 334

Loan Officers Marketing Inventory Real Estate Agent 334

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” In-contract deals rose 0.7% from February 2022. decline from a year ago.

Contracts 283

Contracts Realtors Home Value Housing Market 283

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients.

Clients 384

Clients Real Estate Inspection Buyers 384

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. This will spur more construction and help ease upward pressure on home prices.”.

Supply Chain 519

Supply Chain Inventory Buyers Housing Market 519

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. January sales fell 2.3% “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Are your buyers being more proactive than you are?

Real Estate Agent 357

Real Estate Agent Buyers Real Estate Clients 357

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

Inventory 543

Inventory Construction Government Housing Market 543

Housing Wire

OCTOBER 21, 2021

“The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 The median existing-home sales price rose again in September to $352,800, a 13.3%

Inventory 400

Inventory Buyers Realtors Contracts 400

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JUNE 23, 2021

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. Supply-side challenges remained a persistent issue, with the count of new homes sold that had not started construction, up 76% over the last year.

Supply Chain 428

Supply Chain Construction Buyers Development 428

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” Home prices will be influenced by how much inventory is brought to market. in 2023, settling at 4.38

Construction 341

Construction Inventory Realtors Housing Market 341

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 472

Construction Housing Market Inventory Mortgage 472

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. metro buyer concessions (metros had at least 50 closed deals) Miami : 35.4% For the study, a concession is considered something that helped reduce the buyers’ total cost of purchasing the home.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. of homes for sale were new construction. 2021 was a strong year for construction.”.

Supply Chain 534

Supply Chain Construction Inventory Housing Market 534

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “We have just started to see buyer demand pick up in recent months, so any disruption to the positive momentum would be a major setback for the industry.”

Mortgage 378

Mortgage Inventory Retail Housing Market 378

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

MARCH 23, 2021

While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates. A new home sale occurs when a sales contract is signed or a deposit is accepted. This represents a supply of 4.8

Construction 527

Construction Buyers Development Contracts 527

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 357

Supply Chain Construction Inventory Finance 357

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

MARCH 26, 2021

But that’s not stopping buyers from snatching up homes days after they’re listed. During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market.

Inventory 545

Inventory Contracts Construction Lending 545

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JANUARY 20, 2023

Inventory remains tight , and the overall housing stock is well below what long-run demographic trends suggest is needed, according to the group. In return, first-time home buyers are turning to new homes, as existing homeowners are disincentivized to list their homes for sale and move due to “lock-in” effects. over the next two years.

Mortgage 348

Mortgage Housing Market Buyers Contracts 348

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? See the inventory bumps as we head into the first quarter? Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98