Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. Homebuilders are also pacing the number of homes they bring to market. The figure – up 17.7%

Construction 364

Construction Finance Inventory Development 364

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. The market is going to go into correction,” he said. “I

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, however, new home sales were up 23.8%. “New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. from a month prior, but down 3.6%

Housing Market 328

Housing Market Marketing Construction Inventory 328

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 369

Buyers Supply Chain Construction Inventory 369

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. Since relocating to the area in 2017, Covington said the local market has gone from a $500 million market to a $1.3

Housing Market 288

Housing Market Marketing Inventory Agents 288

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 543

Buyers Mortgage Real Estate Housing Market 543

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

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

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.

Buyers 441

Buyers Construction Inventory Housing Market 441

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. The uptick in new-home sales underscores the persistent strength of demand in the housing market despite the challenges posed by winter weather. It also marked a 1.8%

Construction 405

Construction Development Housing Market Government 405

Housing Wire

MAY 15, 2024

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. This will further increase the cost of construction in a market that sorely needs more inventory for first-time and first-generation buyers.”

Buyers 331

Buyers Housing Market Insurance Construction 331

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

MAY 20, 2024

home construction at the onset of the pandemic. Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report.

Construction 400

Construction Inventory Buyers Sellers 400

Housing Wire

APRIL 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. Gen X buyers are also more likely to have more financial means and control over their potential options, and are keeping access to necessary later-life services in mind when choosing where to live as they get older, the story explained.

Buyers 488

Buyers Construction Realtors Development 488

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Builders are having to delay project start times, resulting in cost blowouts and developments not being completed. Many people are referring to this time as a ‘profitless boom’ for the building industry.

Construction 383

Construction Contracts Supply Chain Business 383

Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. 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. An estimated 668,000 new homes were sold in 2023, 4.2% more than the figure of 641,000 in 2022, according to the U.S.

Construction 380

Construction Housing Market Buyers Sellers 380

Housing Wire

DECEMBER 1, 2020

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% The report showed that single-family construction in second-home markets expanded at a 13.6% “The U.S.

Construction 449

Construction Marketing Development Buyers 449

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

Investors 410

Investors Housing Market Finance Construction 410

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. Affordability remains a challenge in the housing market, particularly for first-time homebuyers.

Construction 366

Construction Inventory Housing Market Finance 366

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.

Housing Market 377

Housing Market Marketing Construction Insurance 377

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

MARCH 16, 2023

Department of Housing and Urban Development (HUD). Despite the month-over-month increase, housing starts were still down 18.4% year over year thanks to the annual pace of single-family housing starts dropping to 830,000, a decline of 31.6% The pace of new construction had been picking up over the past two years.

Buyers 407

Buyers Construction Finance Housing Market 407

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction. On a year-over-year basis, new home sales were up 33.9%.

Inventory 359

Inventory Construction Housing Market Finance 359

Housing Wire

DECEMBER 19, 2023

Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Single-family building activity drove November residential construction activity. from October.

Construction 383

Construction Mortgage Development Buyers 383

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. 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.

Construction 307

Construction Agents Development Real Estate Agent 307

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. higher than a year ago.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

FEBRUARY 15, 2024

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) climbed four points to 48 in February, its highest level since August 2023. The gauge measuring the traffic of prospective buyers increased to 33. Meanwhile, NAHB is forecasting that single-family starts will rise about 5% in 2024.

Buyers 378

Buyers Housing Market Construction Inventory 378

Housing Wire

FEBRUARY 29, 2024

This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

Inventory 383

Inventory Supply Chain Construction Buyers 383

Housing Wire

JANUARY 26, 2023

Census Bureau and the Department of Housing and Urban Development (HUD). But while mortgage rates have been tumbling down, and while builders have been offering incentives to buyers, it wasn’t enough to prop up new residential sales across 2022. The housing market is still in need of more starter and entry.

Housing Market 388

Housing Market Buyers Construction Development 388

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

Real Estate 418

Real Estate Inventory Construction New Listings 418

Housing Wire

OCTOBER 17, 2023

With mortgage rates nearly touching 8%, builder confidence dropped four points in October, falling to its lowest point since January 2023, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported on Tuesday. The gauge measuring traffic of prospective buyers declined to 26.

Mortgage 384

Mortgage Buyers Housing Market Construction 384

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). 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.

Housing Market 351

Housing Market Construction Inventory Buyers 351

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. Bureau of Labor Statistics.

Inventory 389

Inventory Construction Housing Market Finance 389

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. In August, the sales pace of new homes fell 8.7%

Inventory 472

Inventory Buyers Construction Sellers 472

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

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Construction 363

Construction Law Finance Realtors 363

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) is focusing on launching initiatives to increase home supply, review existing rules in and ensure the agency is “getting the money out the door.“ “In But they face competition from large institutional investors in the housing market. We don’t see the supply.“

Renovations 306

Renovations Investors Housing Market Law 306