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.

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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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Transportation Construction Retail Real Estate 379

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. What if it doesn’t?).

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Marketing Mortgage Supply Chain Inventory 458

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s s rising demand and lack of construction will probably offset a potential cooldown. With higher interest rates, that near-stagnant growth is something Johnson said could dramatically cool – if not topple – the housing market in some areas.

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Housing Wire

MAY 15, 2024

New construction in age-restricted communities is becoming a rising trend. According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022.

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 450

Housing Wire

JULY 19, 2023

The lack of existing homes for sale on the market is driving a resurgence of home-price growth and supporting increases in new home construction, according to Fannie Mae ’s Economic & Strategic Research (ESR) group. The supply of existing homes is near the 2009 crisis low, and it’s showing no signs of easing. “The

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Construction Inventory Housing Market Marketing 284

Housing Wire

AUGUST 24, 2023

“​​With an ongoing tight supply of existing homes for sale and the recent rise in the 30-year fixed-rate mortgage rate to around 7%, we expect home sales in 2023 to remain near the lowest annual level since 2009,” the group said. In contrast, new home sales and construction, while choppy in recent months, have generally been on an upswing.

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Construction Retail Mortgage Contracts 284

Housing Wire

JANUARY 7, 2022

Construction jobs came in positive but we still have a fairly high level of construction job openings currently. The lack of construction productivity over the decades has been one reason why I have never believed in a housing construction boom in America. This also means housing starts are rising.

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Mortgage Construction Retail Marketing 530

Appraisal Today

MARCH 22, 2024

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

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Town & Country Residential Appraisals

FEBRUARY 24, 2020

Above: 1970-2019 National median home price % increase VS. home construction % increase. There is lots of talk of national home prices increasing since 2008 and having stalled in 2018-2019 and what the possible causes could be, but what does that have to do with our local market.

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Construction Real Estate Housing Market Marketing 36

Housing Wire

JANUARY 19, 2022

Department of Housing and Urban Development and the U.S. This is the highest level housing starts have reached in the past nine months. Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% Census Bureau.

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Construction Housing Market Inventory Development 440

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. After all, the media would be remiss not to be apprehensive in the current market environment.

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Housing Market Supply Chain Construction Clients 441

Housing Wire

JULY 19, 2023

But people won’t put up with deteriorating public services and extreme housing unaffordability. Between 2009 and 2019, New York City grew by 907,600 jobs, or 24.3%, attracting 629,057 new residents. But the city only constructed 206,000 housing units. Will it eventually change the housing market and way of life?

Property Taxes 361

Property Taxes Construction Housing Market Marketing 361

Appraisal Today

JUNE 10, 2022

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. The hangar was built in 2009, and the home was completed in 2014.

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Appraisal Today

JUNE 17, 2022

Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. Mortgage Lenders – 1989 – FIREEA and appraiser licensing, 2009- HVCC and AMCs took over. USPAP and the Contract.

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Appraisal Contracts Real Estate Mortgage 52

Housing Wire

APRIL 14, 2022

HUD also said it wants to expand access to financing for manufactured housing through updating the Title I program and construction and safety standards. Congress has sought action on rental data sharing since 2009, when it tasked the FHA with creating a pilot program to test out using alternative data such as rental history.

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Finance Technology Law Mortgage 409

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. single family homes on the market were new builds, according to a report by Redfin.

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Supply Chain Construction Inventory Housing Market 537

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. Washingtonians won this session,” said Dan Bertolet, Director of the Housing and Urbanism program for Sightline Institute, a Pacific Northwest regional think tank. They include Nexus , The Emerald , KODA and Spire.

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Real Estate Modernization Construction Supply Chain 36

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory.” . == Glorious Gilded Age Mansion for $29.9M

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Easement Contracts Appraisal Inspection 52

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. We are not alone in witnessing a welcome rise in available homes on the market. The number of Pending listings fell 3.9%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

JUNE 9, 2021

Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand. Some in the industry are pointing to these costs for a near 10% decline in housing production this spring (to about 1.6

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Housing Market Marketing Inventory New Listings 36

Appraisal Today

MAY 20, 2022

The housing market has shifted. Excerpt: How I’m describing the market: Overall, the market still feels elevated in that we are seeing a higher-than-normal amount of competition. designer and builder of the 1st glass elevator in San Diego designed and constructed the 300 foot tramway. Or, hit the reply button.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

FEBRUARY 5, 2021

With the housing sector battling ongoing supply constraints , a loss of 3,000 jobs in construction employment may be a slight hiccup after 8 solid months of growth. But Mike Fratantoni, chief economist at the Mortgage Bankers Association , said he expects construction to grow later in the year.

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Construction Lending Retail Inventory 390

Housing Wire

JULY 22, 2021

But increasing the supply of affordable housing without a labor force to build it could lead to stalled shovel-ready projects like those seen during the Great Recession. Since 2009, the building trades have lost 1.5 Sewer systems, bridges and roads” exist to support and move people to and from housing, Brady pointed out.

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