Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

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Inventory Construction Housing Market Business 504

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 465

Inventory Renovations Real Estate Government 465

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

Construction 456

Construction Renovations Transportation Real Estate 456

Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending.

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Inventory Renovations Lending Construction 339

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 376

Buyers Inventory Agents Realty 376

Eyes on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. Read More ›

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Buyers Construction Inventory 183

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 425

Housing Market Marketing Training New Listings 425

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 428

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Over the past year, the value of the U.S. housing market has surged by more than $2.6

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Housing Market Marketing Inventory Construction 514

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. Recovering inventory in these areas has helped to ease competition and bring price appreciation under control. Bidding wars are commonplace in these areas, exacerbated by a scarcity of options.

Housing Market 422

Housing Market Inventory Buyers New Listings 422

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. That vision is still under construction, so to speak.

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Buyers Real Estate Construction Finance 363

Housing Wire

NOVEMBER 22, 2023

Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. If sellers are enticed into the market before first-time buyers get back in, we could see home prices dip early in 2024. However, the desire for homeownership is very strong.

Housing Market 485

Housing Market Marketing Inventory Sellers 485

Sacramento Appraisal Blog

JULY 25, 2022

We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.

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Buyers Inventory Real Estate Sellers 391

Housing Wire

FEBRUARY 29, 2024

Many home shoppers are delaying their purchases in the hopes of lower mortgage rates and more inventory in the spring. Other buyers are choosing to pivot to new construction, attracted to the concessions offered by homebuilders, including rate buydowns.

Mortgage 466

Mortgage Construction Buyers Inventory 466

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. As a result, it is forcing buyers to make trade-offs, in terms of both characteristics of the home as well as the home’s location.” At the current sales pace this inventory represents 7.4

Housing Market 359

Housing Market Marketing Construction Inventory 359

Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. Existing-home sales and housing inventory will increase next year, and home prices will remain stable, said Lisa Sturtevant, the MLS’s chief economist. New home sales fell 5.6%

Housing Market 475

Housing Market Inventory Realtors Construction 475

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

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Business Construction Design Inventory 368

Housing Wire

MARCH 4, 2024

The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year.

Construction 364

Construction Inventory Sellers Buyers 364

Eyes on Housing

JUNE 25, 2021

Recent Census data, combined with NAHB survey results, illustrate the way in which home buyers in the lower one-fourth of the market have been squeezed entirely out of the market for new construction, and forced to look exclusively in the stock of existing homes—where the inventory of homes available for sale remains in a historically low range (at (..)

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Buyers Construction Inventory Marketing 190

Real Estate News

AUGUST 26, 2023

Limited inventory is changing the behavior of buyers and the price of new construction relative to existing homes, several experts told Real Estate News.

Construction 246

Construction Inventory Real Estate Buyers 246

Housing Wire

JANUARY 26, 2024

The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. These regions posted respective monthly increases of 14%, 11.9%

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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Inventory Construction Buyers Housing Market 356

Appraisal Buzz

OCTOBER 28, 2021

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

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Buyers Construction Inventory Appraisal 195

Appraisal Buzz

OCTOBER 28, 2021

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Construction Inventory Appraisal 195

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

Realtors 430

Realtors Buyers Inventory Sellers 430

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 523

Housing Market Marketing Inventory Buyers 523

Housing Wire

OCTOBER 22, 2020

“I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes given the greater flexibility to work from home.”. That surge in potential buyers, however, may be met with what Yun says is historically low inventory. million units, down 1.3%

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Inventory Buyers Realtors Housing Market 530

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53

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Supply Chain Construction Inventory Marketing 367

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

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Inspection Inventory Buyers Sellers 545

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There are also advantages to working with buyers in a less competitive marketplace. LOs do something new In an environment where every deal counts, some go niche.

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Loan Officers Mortgage Inventory Clients 397

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

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Inventory Construction Mortgage Buyers 466

Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. Real estate markets also speak to resilient conditions, as buyers have accepted mortgage rates in the new normal of 6% – 7% range and kept a steady pace of sales over the past few months. or even a little higher.

Mortgage 384

Mortgage Construction Inventory Investors 384

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? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they consider new construction?

Clients 422

Clients Real Estate Inspection Buyers 422

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6% Roughly 47.4% are optimistic.

Housing Market 409

Housing Market Mortgage Marketing Inventory 409

Housing Wire

JUNE 29, 2023

“The lack of housing inventory continues to prevent housing demand from being fully realized.” Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It Regionally, on a month-over-month basis, the Midwest (74.4), South (94.4), and West (58.4)

Contracts 349

Contracts Inventory Housing Market Realtors 349

Housing Wire

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. Ironically, the elevated mortgage rates are not making a dent on home prices, which remain high because of a depleted inventory.

Mortgage 331

Mortgage Construction Inventory Investors 331

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. March home sales look to be tracking below last year’s levels even as inventory is starting to increase.

Mortgage 305

Mortgage Transportation Construction Housing Market 305