Empire Appraisal Group
SEPTEMBER 8, 2022
Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).
Housing Wire
DECEMBER 7, 2020
months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011.
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Appraisal Today
JUNE 17, 2022
NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. 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.”. June 10, 2022.
Housing Wire
SEPTEMBER 3, 2022
From BLS: Below are the areas where the report says jobs were created, and the construction job growth data is encouraging to see. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid. We aren’t there yet, but now is the time to be mindful of it.
Appraisal Today
JULY 21, 2023
Shortly after, Oatman Architects was brought on for the construction, which wrapped three years later in 2013. The national foreclosure activity total in Q2 2023 was 65 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007. The average contract interest rate for 5/1 ARMs increased to 6.27
Housing Wire
OCTOBER 4, 2023
Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). The number of firms jumped by almost 10,000 to 162,286, the most homebuilder firms since 2006. That total was a 4.9%
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. Homes went under contract two weeks faster in September than they did a year earlier, but construction is playing catch-up to feed the frenzy, said Speakman. Census Bureau.
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