Remove 2002 Remove Contracts Remove Development Remove Inventory
article thumbnail

D.R. Horton acquires homebuilding assets from Truland Homes

Housing Wire

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. Horton has been the largest homebuilder by volume in the United States since 2002.

Contracts 366
article thumbnail

Are new home sales flagging a recession?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. However, this is much different than what we saw from 2002-to 2005.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The new home sales recession continues

Housing Wire

Census Bureau and the Department of Housing and Urban Development. can’t have a credit sales boom like we saw from 2002-2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent (±10.9

article thumbnail

New Hampshire 2023 Year in Review

Lamacchia Realty

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

article thumbnail

ChatGPT for Appraisers

Appraisal Today

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent, the highest rate since 2002. The average contract interest rate for 5/1 ARMs increased to 6.36

article thumbnail

Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.91

article thumbnail

FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

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. ( People love experiences to fill their memory bank and social media feed – and real estate developers are listening. months’ inventory. Dining out.