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How home-price growth has damaged the housing market

Housing Wire

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million or higher.

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Regions Bank places $1B bet on home renovation market

Housing Wire

The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8

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Low housing inventory a win for homebuilders

Housing Wire

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 Census Bureau and the Department of Housing and Urban Development. percent (±15.3

Inventory 545
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New home sales are at risk with rising mortgage rates ?

Housing Wire

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Census Bureau and the Department of Housing and Urban Development. 2014 was the last year total inventory rose from weakness in demand. The only risk to that 6.2

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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.

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Builders only have 76,000 completed new homes for sale

Housing Wire

That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. Census Bureau and the Department of Housing and Urban Development. percent (±15.6 percent (±21.1

Inventory 515
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New home sales beats estimates, but what does it mean?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted As someone who wants to see more inventory, not the best data lines, but we are working our way to finishing those homes. This is 10.7 percent (±18.9 percent (±22.0 months are completed homes.

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