2000 Construction Contracts Inventory 
Housing Wire
JULY 26, 2021
As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. No one helps them with the negotiation process.
Empire Appraisal Group
SEPTEMBER 8, 2022
Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).
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Housing Wire
OCTOBER 26, 2022
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%. The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted months of supply is still under construction 2.1
Appraisal Today
OCTOBER 20, 2023
Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. percent – the highest level since November 2000,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.98
Housing Wire
AUGUST 23, 2022
So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. This is below the recession levels of 2000 and back to 1996 levels. This time, we have less production of homes and more multifamily construction.
Annarbor Appraisal
FEBRUARY 8, 2020
Washtenaw County, like much of the nation, has a continued inventory shortage. The inventory shortage continues to be concentrated in the starter market. New construction is simply not meeting the needs of the more modest market, while there is an abundance of properties available over $500,000. That is a shortage.
Appraisal Today
JULY 29, 2022
We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. Mortgage applications declined for the fourth consecutive week to the lowest level of activity since February 2000. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.54
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