2002 Construction Development Mortgage 
Housing Wire
MARCH 23, 2022
We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.
Housing Wire
JULY 26, 2022
This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.
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Housing Wire
FEBRUARY 24, 2022
It gives an idea of what to expect for housing construction. months and above, the builders will pull back on construction. The real question is how much higher mortgage rates will bite the most sensitive sector to rates: new homes. The builders will pull back on construction growth if new homes sales start to head lower.
Housing Wire
MARCH 23, 2023
They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products. As I have stressed time after time, we shouldn’t be using the housing economic models of 2002-2008 — that would have led everyone to believe we had a mass supply of housing coming online in 2022.
Housing Wire
SEPTEMBER 26, 2023
New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. However, higher mortgage rates make it harder and harder to pull some of those deals off. Census Bureau and the Department of Housing and Urban Development.
Housing Wire
DECEMBER 23, 2022
One of the realities of COVID-19 has been the lag to build homes in a business that requires stable mortgage rates because of the traditional time to complete a home. It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. percent (±22.7
Housing Wire
JUNE 24, 2022
Census Bureau and the Department of Housing and Urban Development. As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. These monthly reports can be very wild, and I anticipate big swings in the reports until things calm down with mortgage rates.
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