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 Wire

DECEMBER 29, 2023

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. million new single-family construction units in 2024.

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Housing Wire

MAY 20, 2024

Newly built homes have taken up an outsized portion of inventory since the pandemic for two main reasons, according to Redfin. home construction at the onset of the pandemic. 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.

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Housing Wire

MAY 16, 2024

A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. 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. was $335,170, compared to $414,990 for new construction homes.”

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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%. It is down 5.4%

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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. Meanwhile, the inventory of existing homes is loosening up. Census Bureau and the U.S. While this figure represents a 0.3%

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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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Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. It also has a niche in construction and manufactured home loan programs. residential mortgage market and housing-related assets.

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Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Inventory Renovations Supply Chain Buyers 371

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Last year was a tough one for the Indiana real estate market.

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Housing Wire

MAY 14, 2024

Department of Housing and Urban Development (HUD) exists to facilitate the needs that Americans have for housing — needs that are challenged by affordability, inventory, mortgage rates and more — recent policies of the Biden administration have hindered affordability by focusing on climate-related housing issues instead of costs.

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Housing Wire

APRIL 18, 2023

Department of Housing and Urban Development (HUD). Construction of homes in buildings with five or more units, which generally is going to include apartment buildings, has been running at a faster pace than last year,” Lisa Sturtevant, Bright MLS ’ chief economist, said in a statement. “We million in March, down 0.8% annual increase.

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Housing Wire

APRIL 15, 2024

Combating the increase in housing costs requires “swift action,” and Lombardo noted that in a prior letter to the president he requested that Biden “make more federal lands available for housing development, so that Nevada can increase its inventory and address shortages to ultimately drive down costs,” he said. A record 1.7

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Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” Taken by Felix Mizioznikov. We need to build above 1.1

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Housing Wire

OCTOBER 31, 2023

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to the U.S. Department of Agriculture (USDA). 31 earlier this month.

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Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. At the current sales pace this inventory represents 7.4 In June, the sales pace of new homes fell 2.5%

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Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Construction Inventory Government Development 457

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. months , the builders will pause construction. percent (±19.9

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Housing Wire

JULY 18, 2023

The NAHB attributes the continued rise in builder confidence to low existing home inventory. The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement. “At

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Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

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Housing Wire

MAY 18, 2021

Housing and Urban Development. Groups pushing for housing development have lobbied Congress to return to the bill. New housing construction is, in fact, at its highest level since the mid-2000s housing bubble, according to U.S. But, for now, there is an inventory crisis affecting much of the country.

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Housing Wire

DECEMBER 28, 2023

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. Rents also remain challenging according to data the Post cites from Zillow.

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Housing Wire

SEPTEMBER 27, 2021

During the second quarter 4,500 completed new builds came to market, increasing the affordable housing inventory by 0.4%. As for new construction, 2021 completions are projected to finish the year at over 40,000 units.”. Last week, the Federal Housing Finance Agency extended multifamily forbearance indefinitely. 8% to $986.

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Construction Landlords Inventory Finance 457

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development. From Census: For Sale Inventory and Months’ Supply The seasonally adjusted estimate of new houses for sale at the end of September was 435,000. months , the builders will pause construction. This is 12.3 percent (±16.6 percent (±22.9 When supply is 4.4-6.4

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Mortgage Inventory Construction Development 399

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. However, the share of new construction for sale in the third quarter was the highest ever recorded. above the October 2022 estimate of 577,000.

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Housing Market Construction Inventory Buyers 353

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. a national residential lot development company. Horton family,” Donald R.

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Contracts Development Insurance Construction 365

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. It’s fair to say that 2022 has been a depressing year for homebuilders.

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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 , the builders will pause construction.

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Construction Buyers Mortgage Inventory 423

Housing Wire

SEPTEMBER 7, 2021

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs.

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Construction Government Inventory Finance 366

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 544

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

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Finance Construction Law Inventory 335

Housing Wire

JULY 25, 2023

Usually built by one developer, they are large, custom-built residential communities that include a number of recreational amenities for residents. Land Tejas, owned by Starwood Capital Group, appeared on the list three times and was the developer behind Sunterra. All of its communities were in Texas.

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Development Real Estate Construction Inventory 280

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. About 37% of respondents were spending money in social media and 34.8% Roughly 47.4%

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Housing Wire

MARCH 19, 2021

Its apartment development business and single-family rental joint-venture, and a stake in master-planned community developer Five Point Holdings would be among the businesses being spun off into a new company. Total construction costs are down 0.7% Lennar’s stock rose nearly 11% on news of the spin-off announcement.

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Development Investing Business Construction 521

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

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Construction Logistics Technology Real Estate 450

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. Building entire neighbors can encourage large-scale construction. These developed skinny towers as luxury condominiums. Immigration policies can impact construction because the industry relies on them for labor.

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Construction Supply Chain Buyers Retail 195

Housing Wire

JULY 27, 2023

High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. million units last month , supply is mostly coming from multifamily rental construction. Though housing starts boomed in May and fell slightly to a seasonally adjusted 1.43

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Construction Tenants Mortgage Finance 352