Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

Buyers 446

Buyers Construction Inventory Housing Market 446

Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. This is an increase of 3.3% after a 10.4% drop in January. . after a 10.4%

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Supply Chain Housing Market Buyers Construction 383

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 395

Housing Market Marketing Supply Chain Real Estate 395

Housing Wire

DECEMBER 29, 2022

Housing went into recession in 2006 and prices weren’t collapsing that year either. Key thing to remember: A traditional seller is also usually a buyer. This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

DECEMBER 16, 2020

In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded readings in November. Policymakers should take note to avoid increasing regulatory costs associated with land development and residential construction,” Fowke said.

Construction 395

Construction Housing Market Buyers Inventory 395

Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

Housing Market 518

Housing Market Contracts Construction Inventory 518

Housing Wire

DECEMBER 29, 2020

from its former high in July 2006. Home prices have continued to increase this year as a result of low inventory and high demand for homes. These factors appear likely to remain in place in the near term, and an incrementally improving economy should encourage more buyers to enter the market.”. census divisions, reported an 8.4%

Buyers 543

Buyers Construction Realtors Inventory 543

Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. It’s the third-highest number of housing starts builders have broken ground on in one month since May of 2006, a sign of strong buyer demand. Housing starts increased 6.3% to a rate of 1.64

Supply Chain 437

Supply Chain Construction Inventory Buyers 437

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . Higher mortgage rates and home prices are expected to moderate buyer demand as the erosion of affordability takes a toll. In addition, more for-sale inventory will likely be available on the market.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HousingWire: What are the current challenges when it comes to affordable housing?

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Finance Construction Law Inventory 395

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 536

Transportation Construction Housing Market Mortgage 536

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Unlike in 2006, this market is underpinned by strong fundamentals and has been built on mortgages with sound credit, factors that won’t change in the near term.” Available to rent on Airbnb, of course.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% Sector leaders are predicting more of the same for 2024.

Investors 417

Investors Inventory Investing Real Estate 417

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. The share of entry-level homes in overall construction declined from 40% in the early 1980s to around 7% in 2019. “A Stronger mortgage market.

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Inventory Housing Market Construction Real Estate 78

Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

JANUARY 21, 2021

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. Remarkably, most industry experts believe construction rates will climb even higher in 2021. That’s up 27.8%

Construction 542

Construction Loan Officers Realtors Buyers 542

Clear Capital

AUGUST 30, 2021

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Download the report , or read it below. Let’s address the “incipient bubble” first.

Marketing 69

Marketing Real Estate Inventory Construction 69

Housing Wire

JANUARY 22, 2021

What’s even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market,” said Yun. Total housing inventory at the end of December totaled 1.07 The post 2020 home sales hit highest level since 2006 appeared first on HousingWire. A total of 5.64 Sales also rose 0.7%

Construction 417

Construction Investors Realtors Real Estate 417

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. million units.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36