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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. That’s the most since 2007. ——-.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” million sq.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. That’s according to a survey of 1,002 Hispanic Americans by The National Association of Realtors®. >> Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

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. They have declined for two consecutive months, according to the National Association of Realtors®. million more home listings across the U.S. existing home sales.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 million people work in residential construction, or about 2.8% of the U.S.