Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. However, imagine if the housing market could get mortgage rates below 5.75%, then head toward 5% and stay there for some time. When supply is 4.3

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Inventory Housing Market Construction Marketing 539

Housing Wire

FEBRUARY 24, 2022

From the National Association of Home Builders : For many years I have stressed that the most important housing data I follow is the monthly supply of new homes. It gives an idea of what to expect for housing construction. adjusted estimate of new houses for sale at the end of January was 406,000. When supply is 4.4

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Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Housing Wire

SEPTEMBER 26, 2023

As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005. From Census: For sale inventory and months’ supply : The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000. months, the builders will pause construction. When supply is over 6.5 We are at 7.8

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. million homes, using the NAR data.

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Inventory Housing Market Mortgage Construction 540

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. during the brief COVID-19 recession, to that recovery, and now in the new housing recession, is going to go down in history as one of those crazy data lines we lived through. million housing completions in the monthly report. months and below, this is an excellent market for the builders.

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Housing Wire

AUGUST 23, 2022

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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Housing Wire

JANUARY 26, 2022

In reality, as we talked about many times on HousingWire, housing data was going to moderate, find a base and work from that COVID-19 surge in the data. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. months, this is an OK market for the builders.

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Housing Wire

JUNE 24, 2022

We don’t say the new home sales market supply is the existing home sales market. The existing home sales market monthly supply is running at 2.6 Five months of the supply are homes in construction. That is a high level, and two months of the supply hasn’t started construction yet, and a whopping 0.68

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Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers.

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Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse.

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Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. The trend for housing starts is acceptable, but remember that this data line can be wild month to month, both positive and negative.

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Housing Wire

APRIL 27, 2022

As we can see below, the uptrend in sales is still intact, so housing starts have held up OK. Even though multifamily construction has boosted housing starts recently, the slowdown in single-family purchases hasn’t been anything too dramatic yet. From Census: The median sales price of new houses sold in March 2022 was $436,700.

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Housing Wire

JUNE 16, 2022

Multifamily construction is different than single-family homes. From Census: Housing Completions Privately? family housing completions in May were at a rate of 1,043,000; this is 2.8 Housing completions have been one of the worst stories for the housing market. percent (±13.6

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Appraisal Today

NOVEMBER 4, 2022

Practical real estate appraisal writing tips for AMC questions. Living on the edge means constructing places in the most challenging locations, and, in many cases, in the middle of unspoiled nature.” percent, but remained close to its highest since 2002,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( So, we have a long way to go.

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Appraisal Today

AUGUST 13, 2023

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Will Springer Realtor

DECEMBER 8, 2021

One consumer segment will have longer to wait for its “supply chain” to be repaired – residential real estate. “Of economy, the housing shortage might last the longest,” said a report from financial services giant Goldman Sachs. Economists forecast housing starts will rise a promising 5% in 2022.

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