Housing Wire

JULY 26, 2022

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.

Construction 504

Construction Housing Market Inventory Marketing 504

Housing Wire

DECEMBER 29, 2022

This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 The issue is that when housingw as in a recession in 2007, we had a massive spike in supply.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

APRIL 23, 2024

From there — and when combined with employment in construction and housing permit data — the thinking around rates will become clearer. “If In 2007, right around the time he started Altos Research, he was attending a conference where representatives of both companies were speaking. He began by looking at fresh inventory data.

Inventory 406

Inventory Housing Market Sellers Marketing 406

Housing Wire

MAY 23, 2023

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. The Inventory for homes completed is at 70,000 = 1.23 The Inventory for homes under construction is 263,000 = 4.6

Inventory 520

Inventory Housing Market Construction Marketing 520

Housing Wire

FEBRUARY 16, 2023

However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry.

Construction 494

Construction Housing Market Inventory Mortgage 494

Housing Wire

JUNE 27, 2023

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. For Sale Inventory and Months’ Supply: The seasonally‐adjusted estimate of new houses for sale at the end of May was 428,000.

Construction 498

Construction Inventory Marketing Buyers 498

Housing Wire

JULY 26, 2023

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. months, the builders will pause on construction. months to 7.4

Inventory 328

Inventory Construction Sellers Marketing 328

Empire Appraisal Group

JULY 6, 2022

s rising demand and lack of construction will probably offset a potential cooldown. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s

Marketing 78

Marketing Landlords Real Estate Tenants 78

Housing Wire

JANUARY 27, 2023

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. The builders will pull back on construction when the supply is 6.5 months of supply. When supply is 4.3

Mortgage 540

Mortgage Construction Buyers Inventory 540

Housing Wire

AUGUST 26, 2021

” Khater added that purchase application demand is improving, but very low inventory is the major obstacle to higher home sales. While borrowers weigh the benefits of refinancing their mortgage, in the purchase market, they still face rising prices and a lack of inventory. The lack of inventory is not expected to improve soon.

Mortgage 473

Mortgage Inventory Government Construction 473

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory.

Real Estate Agent 380

Real Estate Agent Inventory Loan Officers Mortgage 380

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

Supply Chain 491

Supply Chain Construction Inventory Buyers 491

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. Housing construction productivity has always been terrible compared to other sectors of our economy; I get that, as we still build homes with hammers and nails, not robots.

Contracts 542

Contracts Construction Supply Chain Marketing 542

Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. Single-family housing starts saw their highest gain since 2007 in November, according to the U.S.

Buyers 543

Buyers Construction Realtors Inventory 543

Housing Wire

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. Single-family housing starts in May were at a rate of 1.1 from April.

Real Estate Agent 473

Real Estate Agent Construction Real Estate Inventory 473

Housing Wire

OCTOBER 20, 2020

above the revised August figure of 1.021 million, and a level not seen since 2007, Doug Duncan, chief economist at Fannie Mae , said. million annualized units, a level not seen since 2007. . million annualized units, a level not seen since 2007. “While starts were up 10.4% “The former rose 8.5% over the month to 1.1

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Construction New Listings Housing Market Inventory 487

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Put another way, the monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. So, what did they do?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. Just when signs were looking up for an increase in new listings and more inventory, the tap was moved back to near shut. A drying up of listings sent inventory figures lower. in July, and condo inventories were 1.0,

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

DECEMBER 17, 2020

Single-family housing starts continued their seven-month climb in November, coming in at the highest level since 2007, according to the Census Bureau. As a result of the pandemic, there has been a heightened demand for larger homes, which Kan said has driven more construction, home sales and mortgage originations. million starts.

Construction 515

Construction Housing Market Inventory Marketing 515

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Marketing Strategies.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Appraisal Today

MAY 26, 2023

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. Owners with conservation easements can claim an income tax deduction.

Easement 52

Easement Contracts Appraisal Inspection 52

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Quality of construction.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Falling new inventory is constraining transaction volumes while also supporting higher home prices. The home was constructed for olive-oil importer John Vittucci. They include Nexus , The Emerald , KODA and Spire.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Appraisal Today

OCTOBER 21, 2022

Inventory levels. The vault is constructed with 4-foot-thick, reinforced concrete walls and is plumbed for a fire suppression system. It started in 2007 in Vacaville, near Sacramento, CA. Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. This 7,200 sq.ft.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

JULY 11, 2023

While the boost in available inventory in King County is welcome, it’s important to note that the number of new listings is 26% lower than in June 2019 when the housing market was red hot. The construction industry is on pace to complete more than 1.51M units this year, which would be the highest total since 2007.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36

Sellers Marketing Supply Chain 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. This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” million sq. The potent combo of rising U.S.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market. months’ inventory. Condo inventory for King County now stands at 2.0

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. We are on the right track. million units. existing home sales.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. million people work in residential construction, or about 2.8% Notably, Seattle single-family inventory slipped to 0.6 million for sale today.

Housing Market 36

Housing Market Marketing Inventory New Listings 36