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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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The last domino before a recession? Job losses

Housing Wire

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. Job openings are over 11.2 Health of the economy? How does consumption get hit harder?

Contracts 473
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What’s Happening in New Home Construction and Sales?

McKissock

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. ” New home construction in the news. from February to a 1.02 “The U.S.

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NAR Appraisal Survey 2022

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. The multistory home bucks convention, boasting an eccentric, inverted design. faces high mortgage rates and an uncertain economy. Lot Size: 0.06

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Can 3-D printed homes help solve the housing crisis?

Housing Wire

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. Ideally, an engineer designs a model of what they want on software, from an air duct to a prosthetic limb, and it is precisely printed out.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Barber added that, unfortunately, the current profit-margin mark “could easily be wiped out by flipping carrying costs — mainly mortgage payments, renovation costs and property taxes.” The National Association of Home Builders estimates that 69,000 BFR homes started construction last year, up 33% year over year.

Investors 421
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Appraisers: What should you have in your car?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. 2,500 sq.ft.,