Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36

Supply Chain 413

Supply Chain Inventory Government New Listings 413

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. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

Construction 432

Construction Supply Chain Transportation Buyers 432

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years.

Housing Market 318

Housing Market Marketing Supply Chain Inventory 318

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.

Inventory 377

Inventory Renovations Supply Chain Buyers 377

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. Last week, mortgage applications decreased 3.9%

Mortgage 502

Mortgage Supply Chain Inventory Finance 502

Housing Wire

DECEMBER 20, 2022

The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. However, due to the supply chain lag, it took too long to build homes over the last several years.

Housing Market 399

Housing Market Marketing Construction Supply Chain 399

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

Mortgage 381

Mortgage Supply Chain Inventory Investors 381

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

Supply Chain 493

Supply Chain Housing Market Construction Inventory 493

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. The MBA has forecast purchase mortgage volume to hit a record $1.73

Mortgage 438

Mortgage Supply Chain Inventory Development 438

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal is to destroy inflation by killing demand, that is only a temporary fix. The housing market is still in a recession until housing permits rise in duration.

Mortgage 496

Mortgage Construction Supply Chain Housing Market 496

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The score in June was 55, up five points from May.

Supply Chain 440

Supply Chain Development Inventory Buyers 440

Housing Wire

MARCH 23, 2022

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This is an increase of 3.3% after a 10.4% drop in January.

Supply Chain 360

Supply Chain Housing Market Buyers Construction 360

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.”

Supply Chain 353

Supply Chain Construction Inventory Marketing 353

Housing Wire

DECEMBER 22, 2022

The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials and supply chain challenges. On the surface, these factors might make the outlook for the housing market look bleak, particularly for first-time homebuyers.

Housing Market 377

Housing Market Marketing Insurance Supply Chain 377

Housing Wire

APRIL 8, 2022

A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 It’s a depressing combination.

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Supply Chain Housing Market Inventory Mortgage 414

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. For more than a decade, housing has suffered a structural shortage of homes rooted in supply-side issues.

Construction 432

Construction Supply Chain Inventory Housing Market 432

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The score in June was 55, up five points from May.

Supply Chain 369

Supply Chain Development Inventory Buyers 369

Housing Wire

MARCH 18, 2021

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey. Increased inventory was the initial hope.

Supply Chain 532

Supply Chain Mortgage Buyers Inventory 532

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 448

Marketing Mortgage Supply Chain Inventory 448

Housing Wire

MARCH 16, 2021

That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and climbing mortgage rates – the latter up 30 basis points from February. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”.

Supply Chain 546

Supply Chain Inventory Buyers Housing Market 546

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Supply Chain 346

Supply Chain Inventory Loan Conditions Construction 346

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. How to gain more listing visibility in a shifting housing market. Inventory has been an issue for real estate agents and brokers since early 2020, as well.

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Supply Chain Inventory Housing Market Real Estate 419

Housing Wire

FEBRUARY 1, 2022

Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021. However, the data vendor said that the market is beginning shift. months of supply. On a month-over-month basis, home price gains rose by 1.3% by December 2022. “As

Supply Chain 404

Supply Chain Inventory Mortgage Housing Market 404

Housing Wire

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. Treasuries and mortgage-backed debt.

Supply Chain 523

Supply Chain Inventory Buyers Housing Market 523

Housing Wire

MAY 17, 2021

Homebuilder confidence remained unchanged in the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report , holding steady at 83 for newly built single-family homes in May. The Northeast and Midwest both saw significant drops of four and three points, respectively, to 82 and 75.

Supply Chain 429

Supply Chain Construction Inventory Housing Market 429

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. “It As of Feb.

Construction 362

Construction Supply Chain Inventory Agents 362

Housing Wire

MARCH 22, 2021

Rising home prices, limited inventory and the uptick in mortgage rates continued to deter some homebuyers last month as sales of existing homes fell 6.6% The median existing-home price for all housing types in February was $313,000, up 15.8% Fannie Mae on how to make housing more affordable. Presented by: Fannie Mae.

Supply Chain 414

Supply Chain Inventory Realtors Housing Market 414

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. January was illustrative.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

SEPTEMBER 24, 2021

The housing market over the summer of 2021 appears to have settled at a level lower than the surge in the second half of 2020 into early 2021,” Ben Ayers, a senior economist at Nationwide , said in a statement. Sales of new homes were down 24.3% higher than August 2020.

Supply Chain 449

Supply Chain Housing Market Construction Buyers 449

Housing Wire

MAY 18, 2021

Housing completions were at a rate of 1.045 million in April, just 0.1% million — proof that builders are delaying housing starts due to the marked increase in costs for lumber and other materials, said Mike Fratantoni, Mortgage Bankers Association ‘s chief economist. above the March rate of 1.04

Supply Chain 543

Supply Chain Construction Government Inventory 543

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. The demand for housing decreased with the higher mortgage rates as it decreased buyer power.

Inventory 128

Inventory Marketing Supply Chain Appraisal 128

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% from December and mortgage rates shot up 30 basis points. ” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. January sales fell 2.3%

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

DECEMBER 20, 2022

All the while, builders continued to face supply chain issues , labor shortages and wild fluctuations in material costs. BH: I think a lot of builders would love the opportunity to catch up on some of their projects, but for many, supply chain issues have been preventing this.

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Supply Chain Construction Inventory Finance 362

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. In doing so, he noted, three-quarters of the supply chain simply wasn’t produced. The post Doug Duncan and the housing market’s supply conundrum appeared first on HousingWire. This content is exclusively for HW+ members.

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Supply Chain Housing Market Marketing Inventory 331

Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Presented by: MCT.

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Supply Chain Inventory Buyers Construction 403

Housing Wire

AUGUST 18, 2021

. ““Both single-family and multifamily starts declined in July relative to June, but single-family starts remain almost 12% higher than last year,” said Mike Fratantoni, the Mortgage Bankers Association ‘s chief economist. This is clearly a positive sign given the remarkably low levels of inventory on the market.”

Supply Chain 483

Supply Chain Construction Inventory Buyers 483

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. The Fed’s Federal Open Market Committee is slated to meet July 26-27. “A

Construction 369

Construction Real Estate Inventory Supply Chain 369