Remove 2000 Remove Buyers Remove Development Remove Housing Market
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Homebuilders are feeling pretty good right now

Housing Wire

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Lack of existing inventory continues to drive buyers to new construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. “In

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DataDigest: What the latest data says about home prices, construction and sales

Housing Wire

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%

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The new home sales recession continues

Housing Wire

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6 percent (±16.9

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Where’s the bottom for new home sales?

Housing Wire

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. From Census : New Home Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. This is 10.9

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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

Inventory 418
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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

30-Year Fixed Mortgage Rates from 2000 to today. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. This created an even more severe shortage of available housing for buyers to choose from. And the saga continues.

Inventory 243
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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. The aim is to generate more multi-family housing, from duplexes to fourplexes. home buyers. in January to $775,000.

Buyers 36