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How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. 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 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. The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire.

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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 544
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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 475
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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. months , this is just an OK market for builders.

Inventory 494
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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! Census Bureau and the Department of Housing and Urban Development. Guess what happened in March? This is 16.6

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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. The market has changed with rates so much higher, but for the most part, the builders are managing the recent weakness in sales as best they can. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted months, this is an OK market for the builders.

Inventory 456