Housing Wire
JANUARY 8, 2021
Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.
Housing Wire
OCTOBER 14, 2021
From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%. .”
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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.
Housing Wire
MAY 26, 2022
Today, however, the purchase application data is actually down to levels we saw in 2009 ! How can housing inventory be so low today when it skyrocketed back in 2009? We have more housing starts under construction now than in recent history! We have a lot of multifamily construction going on that won’t help the homebuyer.
Housing Wire
OCTOBER 21, 2020
“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. million annualized pace for new construction — the highest level since 2007. million,” he said.
Housing Wire
JUNE 10, 2022
His recent article, “Purchase apps are at 2009 level: where’s the inventory?” This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low? Finally, the last closely watched trend in the housing market is construction activity. Are we in a housing bubble?”
Housing Wire
MAY 6, 2022
Remember, the trend has been your friend since 2009: the Baby Boomers can’t work forever, and no country has a Dorian Gray labor market. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. In time, older workers need to be replaced.
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