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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? The big difference now than, let’s say, what we saw from 2002-2008.

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Solid job growth defies recession talk — for now

Housing Wire

A tighter labor market is a good thing, I always say; this means people with less educational backgrounds can get employed as we do have many jobs that don’t require a college education. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit.

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Comparing this housing market recession to 2008

Housing Wire

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. The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Production falls.

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How will rising rates affect new home construction?

Housing Wire

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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New home sales make it clear: Housing is in a recession

Housing Wire

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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The housing market recession continues, despite starts data

Housing Wire

real estate investors and affordable homes. 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. This is a plus for rental supply, however, single-family construction is about to cool down in response to higher rates.

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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

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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