Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 454

Marketing Mortgage Supply Chain Inventory 454

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. This could make raising capital for new construction projects harder, and more expensive, everywhere. In turn, this capital flow will tend to push down mortgage rates, potentially providing some relief from one of the biggest factors holding the US real estate market back from a full recovery.

Real Estate 427

Real Estate Housing Market Marketing Investors 427

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 497

Supply Chain Housing Market Construction Inventory 497

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. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. Then, the mortgage interest rates were in the low-4% range.

Realtors 427

Realtors Buyers Inventory Sellers 427

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 383

Sellers Inventory Housing Market Buyers 383

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. Traditionally, mortgage rates below 4% boost housing demand. At this point it’s all about timing.

Marketing 501

Marketing Construction Mortgage Housing Market 501

Housing Wire

FEBRUARY 1, 2022

The deal gives Arcapita an AMC that serves mortgage lenders in all 50 states, has a network of over 15,000 licensed appraisers, and grossed $144 million in revenue in 2021. s largest asset class, with sound fundamentals driven by population growth in the primary homebuying demographics, and increasing levels of new home construction.

Valuation 370

Valuation Appraisal Real Estate Investing 370

Housing Wire

APRIL 7, 2023

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. I wrote recently about the 1970s inflation and mortgage rates. percent, the U.S. Bureau of Labor Statistics reported today.

Housing Market 544

Housing Market Marketing Mortgage Retail 544

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

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 446

Marketing Construction Housing Market Retail 446

DW Slater Company

FEBRUARY 13, 2024

Mortgage interest rates dipped to historic lows around 3% in 2020 and 2021 then made big jumps in 2022, peaking at close to 8% in November of 2023. 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.

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

Housing Wire

MAY 6, 2022

So far this year, with the rise in mortgage rates, it is still trending better than I thought it would have with rates over 5%. 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. After May, total volumes fall.

Inventory 370

Inventory Housing Market Marketing Construction 370

Housing Wire

JANUARY 27, 2023

On the other hand, mortgage rates have gone down more than 1% since Oct. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving products. 291,000 homes are still under construction: 5.7

Mortgage 545

Mortgage Construction Buyers Inventory 545

Housing Wire

JUNE 2, 2022

Since 2014 inventory has been falling slowly for years, then here come years 2020-2024, our most prominent housing demographic patch ever in history with low mortgage rates. The big difference now than, let’s say, what we saw from 2002-2008. Months are homes under construction 0.8 The existing home monthly supply is 2.2

Training 427

Training Inventory Housing Market Real Estate Agent 427

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

NOVEMBER 2, 2020

The peak in this metric for this century was in 2005, and the real bottom was 2008. Mortgage rates followed, which dampened demand. Plus, we have solid demographics and low mortgage rates. months, builders pull back, and new construction stalls. Existing homes sales didn’t have either the worst or best print in 2020.

Housing Market 545

Housing Market Marketing Inventory Design 545

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 462

Construction Housing Market Inventory Buyers 462

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 501

Construction Housing Market Inventory Marketing 501

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 383

Mortgage Construction Lending Real Estate 383

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 370

Insurance Housing Market Marketing Agents 370

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 481

Inventory Housing Market Construction Marketing 481

Empire Appraisal Group

AUGUST 10, 2023

In the mortgage crisis of 2008-11, housing prices fell sharply. Many homeowners looked at the decline and decided it wasn’t worth paying the mortgage when the home was now “under water” – worth less than the amount they owed on the mortgage. Prices soared, setting records, fueled by low mortgage rates.

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Investing Finance Mortgage Construction 78

Housing Wire

FEBRUARY 24, 2023

9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When supply is 4.3 months and above.

Inventory 481

Inventory Construction Housing Market Mortgage 481

McKissock

AUGUST 14, 2022

In 2008, many people lost their homes when the housing bubble burst. Need for New Construction. They spent more money than they otherwise would have because they could get more bang for their mortgage payment by building a larger home. Construction Workforce Concerns. Ripples from the Great Recession.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? More supply of apartments coming on line will be good news for mortgage rates going forward. As you can see in the chart below, this looks nothing like the housing peak in 2005 and the crash toward 2008. This is key for mortgage rates looking out for years to come.

Mortgage 512

Mortgage Construction Supply Chain Housing Market 512

D Fritz Appraisals

JUNE 28, 2022

This significant increase came about due to the unprecedented combination of: All time low mortgage rates. While low mortgage rates created higher demand, the lack of available homes led to price increases and over-bidding. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 487

Mortgage Inventory Housing Market Construction 487

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

Housing Wire

MARCH 23, 2023

They can cut prices, pay down mortgage rates for their buyers, and do what they need to to make it work for them to move their products. As I have stressed time after time, we shouldn’t be using the housing economic models of 2002-2008 — that would have led everyone to believe we had a mass supply of housing coming online in 2022.

Inventory 545

Inventory Housing Market Construction Marketing 545

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? Less risky loans.

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. Though layoffs in the technology and mortgage industries are occurring, they haven’t accumulated enough to form a net job loss, Yun noted. Today, it’s 4.6

Real Estate 78

Real Estate Realtors Inventory Housing Market 78

Housing Wire

NOVEMBER 16, 2022

Top incentive methods include paying points for buyers, which 25% of builders reported using; mortgage rate buy downs , which 27% of builders reported using; and price cuts , which 37% of builders used. To remedy this “housing sector recession,” the NAHB is calling on policymakers to take action. In October the survey had 121 respondents.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

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. NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings.

Construction 505

Construction Inventory Marketing Buyers 505

Housing Wire

JANUARY 19, 2023

We had some good news this week for the housing market : purchase application data is up , the builder’s confidence index rose to beat estimates, and the 10-year yield and mortgage rates have fallen. million until 2020-2024, when demand would finally warrant that type of construction. percent (±16.9 percent (±11.2

Mortgage 492

Mortgage Construction Marketing Housing Market 492

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. Let me explain my logic with today’s housing starts report.

Construction 521

Construction Housing Market Inventory Mortgage 521

Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. The first answer is that people are staying in their homes longer post-2008. Credit stress was evident from 2005 to 2008.

Inventory 521

Inventory Housing Market Construction Marketing 521

Housing Wire

JUNE 24, 2022

As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. These monthly reports can be very wild, and I anticipate big swings in the reports until things calm down with mortgage rates. Five months of the supply are homes in construction.

Inventory 462

Inventory Construction Marketing Mortgage 462