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Employment gains could help housing inventory

Housing Wire

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Labor Department.

Inventory 498
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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 make it clear: Housing is in a recession

Housing Wire

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

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Only 70,000 new homes available for sale

Housing Wire

Census Bureau and the Department of Housing and Urban Development. This is different from the 2007 housing market when the builders’ sales were still collapsing and monthly supply spiked with rising cancellation rates. months and above, the builders will pull back on construction. percent (±11.8 percent (±15.1 When supply is 4.4-6.4

Inventory 516
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New home sales defy recession calls

Housing Wire

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. Some people prefer something other than the current active existing inventory. Census Bureau and the Department of Housing and Urban Development. Now on to the report. This is 12.2 percent (±12.8

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Despite Fed talk, only 72K new homes are for sale

Housing Wire

We only have 72,000 new homes completed for sale in a country of 335 million people, and active inventory is near all-time lows. During the housing bubble crash years, active listings grew to more than 4 million in 2007 because most of the inventory in the U.S. Census Bureau and the Department of Housing and Urban Development.

Inventory 370
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Homebuilders still need lower mortgage rates

Housing Wire

291,000 homes are still under construction: 5.7 The builders actually lucked out here because back in 2007, we had over 4 million active listings of existing home, which are usually cheaper than comparable new homes. Census Bureau and the Department of Housing and Urban Development. months of supply. percent (±18.5 percent (±13.2

Mortgage 545