Housing Wire
MARCH 28, 2022
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 The only thing that I believe creates balance in the housing market is higher rates because the sellers and builders have too much pricing power in this low inventory environment.
Housing Wire
DECEMBER 29, 2021
Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.
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Housing Wire
DECEMBER 29, 2022
The housing market of 2002-2005 had four years of sales growth facilitated by credit. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. This is significantly different than the period from 2002-2005 when credit expansion was booming. Home sales. Housing credit.
Housing Wire
MAY 26, 2022
That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. We have more housing starts under construction now than in recent history!
Housing Wire
SEPTEMBER 26, 2023
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, the builders will pause construction. months, and we had a big miss on housing starts last week , mostly coming from multifamily construction. We are at 7.8
Housing Wire
MAY 24, 2022
I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. As you can see, sales levels were never elevated like what we saw from 2002-2005. The only way this happens is by higher rates.
Housing Wire
MARCH 23, 2022
As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction. percent (±11.9 percent (±13.7
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