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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 Inventory has been falling for years.

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The 2021 housing market recap by Logan Mohtashami

Housing Wire

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. Housing permits are growing and this is a good thing for the economy and construction jobs. What a year 2021 has been. We started the year with many pundits saying that the U.S.

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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. 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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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?

Inventory 517
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New home sales are at risk with rising mortgage rates ?

Housing Wire

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

Mortgage 477
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Builders only have 76,000 completed new homes for sale

Housing Wire

This is why I have called them efficient home sellers. 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.

Inventory 489
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Are new home sales flagging a recession?

Housing Wire

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?