Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. This could make raising capital for new construction projects harder, and more expensive, everywhere. The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 425

Real Estate Housing Market Marketing Investors 425

Housing Wire

JUNE 10, 2022

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. Finally, the last closely watched trend in the housing market is construction activity.

Sellers 384

Sellers Inventory Housing Market Buyers 384

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. Since 2018, the housing supply deficit has been growing.

Supply Chain 500

Supply Chain Housing Market Construction Inventory 500

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. since 2008. We can also invest in and deploy new construction technologies, like 3D printing, which could save time and reduce costs. Low housing inventory. been falling sharply ?since

Construction 370

Construction Investing Development Landlords 370

Housing Wire

JULY 26, 2023

over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008. I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” said Sandy Williams, an eXp Realty agent in Sarasota.

Insurance 367

Insurance Housing Market Marketing Supply Chain 367

Housing Wire

JUNE 2, 2023

Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. Construction labor has held up very well, even though housing permits have been falling for some time. percentage point to 3.7 percent, the U.S.

Marketing 427

Marketing Transportation Construction Government 427

Housing Wire

NOVEMBER 5, 2021

Navigating the business climate during the early pandemic and the 2008 financial meltdown were incredibly stressful times filled with uncertainty. We all know the statistics on how new construction has lagged the needs of the country for the past decade. HousingWire: W hat has been one of your biggest learning opportunities?

Real Estate 369

Real Estate Brokerage Construction Business 369

Housing Wire

JULY 7, 2022

Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. After the housing crisis of 2008, many homebuilders went out of business, and for years following the recovery, building did not pick up to the level needed to accommodate demand.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. For buyers to afford to enter the market comfortability and sustainably, new construction, office conversion, and reimagining existing spaces such as vacant schools could hold the key.

Realtors 430

Realtors Buyers Inventory Sellers 430

Housing Wire

JANUARY 26, 2021

According to the CoreLogic Buyer/Seller Market Indicator, which measures the ratio between sold price and list price, buyer competition reached a new peak nationally in October and November when the ratio climbed to 0.996 – the highest level since 2008, when the data series began. But it will be some time before these changes bring relief.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Appraisal Buzz

SEPTEMBER 20, 2021

Nothing like the correction and recession of 2008 expected, but notable, nonetheless.). The construction industry? And what does this mean for the economy? Buyers and sellers? Realtors and Property Appraisers? Interest rates? Stock and bond markets?

Valuation 195

Valuation Property Appraisal Real Estate Sellers 195

Housing Wire

NOVEMBER 4, 2022

As you can see, the construction sector was barely positive; this is one area of the marketplace that should be losing jobs next year. The builders are now holding onto their labor due to the backlog of homes under construction. Below is a breakdown of the jobs created this month. At this point it’s all about timing.

Marketing 502

Marketing Construction Mortgage Housing Market 502

Housing Wire

FEBRUARY 1, 2022

s largest asset class, with sound fundamentals driven by population growth in the primary homebuying demographics, and increasing levels of new home construction. billion real estate appraisal services market has cumulatively grown by 32% since 2008.”. private equity, described the appeal: “Residential real estate is the U.S.’s

Valuation 345

Valuation Appraisal Real Estate Investing 345

Housing Wire

DECEMBER 8, 2022

Over the last four weeks, mortgage rates have declined three-quarters of a point, the largest decline since 2008. The extent of recent booms, current construction levels, and changes in migration patterns (e.g., According to Hale, the reason is crystal clear.

Mortgage 381

Mortgage Home Value Construction Investors 381

Housing Wire

SEPTEMBER 14, 2020

Hidden somewhere in rural Kansas and nestled 15 stories below the ground, the listing consists of condos constructed in a repurposed Atlas missile silo. The site’s developer, Larry Hall, purchased the silo in 2008, then remodeled it into the survival bunker it is now.

Real Estate 441

Real Estate Agents Construction Finance 441

Housing Wire

APRIL 1, 2022

As you can see below from the unemployment rate chart, the job recovery was much faster than after the great recession of 2008. . The internal jobs data always pointed to a strong recovery, and job openings have been trending higher since 2008. If you break it down to women over 20, the unemployment rate is 3.3%.

Marketing 448

Marketing Construction Housing Market Retail 448

Housing Wire

APRIL 7, 2023

The monthly jobs report showed losses in construction, retail trade, and manufacturing, while the other sectors showed growth. The recession didn’t start until 2008, and the credit markets showed much more stress then. Bureau of Labor Statistics reported today. Some college or associate degree: 3.0% Bachelor’s degree or higher: 2.0%

Housing Market 517

Housing Market Marketing Mortgage Retail 517

Housing Wire

APRIL 24, 2023

New construction, resales, refinances and home improvements account for approximately 16% of the U.S. When the housing market crashed in 2008, it almost took the entire global economy down with it. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. GDP, roughly $3 trillion.

Legal 364

Legal Housing Market Government Buyers 364

DW Slater Company

FEBRUARY 13, 2024

From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings. The number of non-appraisal valuation products on the market is concerning as so much the economy can be impacted by wrong valuations (just look back at the 2008 crisis).

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

Genworth MI Blog

MAY 28, 2020

Truth: A manufactured home is built in a factory and constructed to comply, at a minimum, with the Manufactured Home Construction and Safety Standards (HUD Code) enacted June 15, 1976. All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code. A Duty to Serve.

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 465

Construction Housing Market Inventory Buyers 465

Housing Wire

JUNE 2, 2022

The big difference now than, let’s say, what we saw from 2002-2008. Months are homes under construction 0.8 I have kept with my same premise post-2020, we would like to see inventory get back into a range of 1.52-1.93 As we can see, it’s been a struggle to get inventory back into this range post-2020. Ghost Supply 2.2

Training 427

Training Inventory Housing Market Real Estate Agent 427

Housing Wire

MAY 6, 2022

We haven’t seen that yet; the -12% YoY decline is a noticeable weakness, but nothing too dramatic yet like what we saw from 2005-to 2008. New home sales fall, which will create a slowdown in housing construction. This data line is trend survey data. 2022 will be the first actual negative purchase application data year since 2014.

Inventory 361

Inventory Housing Market Marketing Construction 361

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 366

Insurance Housing Market Marketing Agents 366

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

Eyes on Housing

SEPTEMBER 28, 2023

According to the annual data from the Census Bureau’s Survey of Construction (SOC), a total of 29,000 5,000+ square-foot homes were started in 2022, down from 33,000 in 2021. In 2008, only 20,000 such homes were. In the boom year of 2006, the number of new 5,000+ square foot homes reached a peak of 45,000. Read More ›

Construction 169

Construction 169

McKissock

AUGUST 14, 2022

In 2008, many people lost their homes when the housing bubble burst. Need for New Construction. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns. Unfortunately, there is also a lack of workers in the construction industry.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

NOVEMBER 2, 2020

The peak in this metric for this century was in 2005, and the real bottom was 2008. months, builders pull back, and new construction stalls. Existing home sales, on the other hand, are not as extreme as pending home sales. Existing homes sales didn’t have either the worst or best print in 2020. When monthly supply goes above 6.5

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. months and above, the builders will pull back on construction. 267,000 homes are under construction, still.

Inventory 484

Inventory Housing Market Construction Marketing 484

Genworth MI Blog

MAY 28, 2020

Truth: A manufactured home is built in a factory and constructed to comply, at a minimum, with the Manufactured Home Construction and Safety Standards (HUD Code) enacted June 15, 1976. All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code. A Duty to Serve.

Construction 78

Construction Loan Officers Training Lending 78

Empire Appraisal Group

MARCH 9, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash Source: 5 Reasons This Isn’t a Repeat of the 2008 Housing Crash (nar.realtor) By: Melissa Dittmann Tracey NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Are their fears well-founded? Today, it’s 4.6

Real Estate 78

Real Estate Inventory Housing Market Construction 78

Empire Appraisal Group

JANUARY 26, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Yun also noted the subprime loans that were prevalent during the 2008 housing bust are basically nonexistent today. Less risky loans. Today, it’s 4.6

Real Estate 78

Real Estate Realtors Inventory Housing Market 78

Housing Wire

FEBRUARY 24, 2023

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 The majority of inventory comes from the existing home sales market and if you compare it to 2008, back then we didn’t even have 200,000 homes available for sale and currently we are at 68,000. When supply is 4.3 months and above.

Inventory 472

Inventory Construction Housing Market Mortgage 472

Eyes on Housing

DECEMBER 5, 2022

These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a. Read More ›

Construction 209

Construction 209

Appraisal Partners Blog

OCTOBER 28, 2019

For the longest time I figured it was a construction trailer with all the recent redevelopment in the area. Significant repairs were made in 2008 & 2009 to the exterior of the home, but the interior remains in disrepair. As it turns out, the house is on the national historic registry of most endangered places.

Real Estate Agent 78

Real Estate Agent Real Estate Appraisal Training 78

Housing Wire

JUNE 27, 2023

The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. Also, in the chart below, we can all agree it isn’t housing 2005 or housing 2008 with new home sales. months of the supply are homes that are still under construction, about 259,000 homes 1.6

Construction 506

Construction Inventory Marketing Buyers 506

Housing Wire

MAY 26, 2022

Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? Credit stress was evident from 2005 to 2008.

Inventory 520

Inventory Housing Market Construction Marketing 520