Eyes on Housing

FEBRUARY 23, 2022

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts increased to 94.2% An average share of 80% was registered during the 1980-2002 period. during the fourth quarter of 2021. Read More ›

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Housing Wire

APRIL 24, 2023

million new minority homeowners when the president launched the Blueprint for the American Dream in 2002. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. New construction, resales, refinances and home improvements account for approximately 16% of the U.S.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

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Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 456

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”.

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Sellers Marketing Supply Chain Construction 36

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

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Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. 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. percent (±12.3

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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. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

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Construction Housing Market Inventory Marketing 501

Will Springer Realtor

NOVEMBER 9, 2022

It may be damp and cool outside, but the luxury housing market continues to generate hot listings. Here is a selection of some of my new favorites to hit the market. The owners since 2002 are reportedly retiring and moving to the Olympic Peninsula. Let’s start with a 4-bedroom, 3-bath , 3276 sq. Plus, there’s about 1000 sq.

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Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction.

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Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. housing market. What is going on here?

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Housing Wire

FEBRUARY 24, 2022

To be honest here, the new home sales market is stuck for now. It gives an idea of what to expect for housing construction. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 6.5

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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. months, this is an OK builder market.

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Inventory Housing Market Construction Marketing 541

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. months and below, this is an excellent market for builders. months , this is just an OK market for builders. months, the builders will pause construction. The existing home market is only sitting at 3.3 We are at 7.8

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Inventory Construction Housing Market Marketing 476

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The new home sales market is doing well as it really benefits from lower mortgage rates.

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Housing Market Marketing Construction Buyers 542

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. ( home prices will decline 5.5%

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Housing Wire

MAY 24, 2022

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%. The market is savagely unhealthy and needs balance; this is what we call balance! As you can see, sales levels were never elevated like what we saw from 2002-2005. Guess what happened in March?

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Housing Market Inventory Construction Marketing 395

Raleigh Realty

MAY 21, 2022

In this neighborhood, you will find all types of Real Estate, from restored Grand Victorians built in the 1800s, to newly constructed homes. Like the neighborhoods of Oakwood and Mordecai South Park has been experiencing some fast-paced new construction with new commercial developments also coming to the area.

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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. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

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Housing Wire

JUNE 24, 2022

The market has changed with rates so much higher, but for the most part, the builders are managing the recent weakness in sales as best they can. The monthly supply data for new homes often get mixed up with the existing home sales market. We don’t say the new home sales market supply is the existing home sales market.

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Housing Wire

JANUARY 26, 2022

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 and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 4.4

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Construction Marketing Mortgage Sellers 430

Housing Wire

DECEMBER 23, 2022

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. months 290,000 new homes are still under construction, about 5.5 That would reverse the problem the housing market has had selling homes with mortgage rates above 7%. percent (±22.7

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Construction Housing Market Mortgage Sellers 356

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. months of homes they have under construction or have not even started yet. Ladies and gentlemen, welcome to the savagely unhealthy housing market. Now that mortgage rates have spiked up so much, the housing construction growth we have seen in single-family construction is done.

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Construction Housing Market Marketing Business 514

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. Why do I call it a housing recession?

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Mortgage Construction Inventory Buyers 530

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. garage as well.

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Appraisal Contracts Real Estate Agent Mortgage 74

Housing Wire

JANUARY 10, 2024

AmCap, founded in 2002, is a much smaller lender. “Our basic strategy for growth has always been organically, getting into markets one by one. He said that AmCap helps mainly with the Houston market. In terms of volume, CCM claims it originated $31.6 billion in loans in 2023.

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Retail Mortgage Loan Officers Training 361

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. As you can see below, the housing demand data from 2002 to 2005 was never apparent in any housing data lines from 2018 to 2022.

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Housing Wire

JULY 6, 2023

In a bid to strengthen its position in the Gulf Coast market, has acquired Truland Homes , the largest private homebuilder along the Gulf Coast, according to an announcement issued Thursday. Horton’s already strong local market operations.” Horton has been the largest homebuilder by volume in the United States since 2002.

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Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. Housing construction productivity has always been terrible compared to other sectors of our economy; I get that, as we still build homes with hammers and nails, not robots.

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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. 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.

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Construction Housing Market Sellers Marketing 370

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 539

Houston Properties

JULY 15, 2022

Geo Market Area. Fu’s Garden, Thai Gourmet, The Melting Pot, Tanglewood Court, Rice Epicurean Markets, DICK’s Sporting Goods, The Galleria, Walgreens, Whole Foods Market, Metropolis & Extravaganza, IPIC Theaters. The Tanglewood Pet Policies & Information. The Tanglewood Condominium Reviews. Information.

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HOA Architecture Design Realtors 36

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. Some of the demand that we saw from 2002-2005 was facilitated by credit that no longer exists in the marketplace today. This is 17.2

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Construction Housing Market Inventory Marketing 409

Housing Wire

APRIL 27, 2022

Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report.

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Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. We got to as low as 0.32% on that Monday morning in March when the crisis was hitting the markets the hardest. The forecast.

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Housing Market Inventory Mortgage Marketing 543

Housing Wire

JUNE 16, 2022

The data from the NAHB/Wells Fargo builder’s survey is always crucial because it is forward-looking, and it takes the reality of today’s market into the equation. Multifamily construction is different than single-family homes. Housing completions have been one of the worst stories for the housing market. percent (±13.6

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Housing Market Buyers Mortgage Construction 545