2013 Buyers Construction Contracts 
Housing Wire
MARCH 23, 2021
to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed.
Appraisal Today
DECEMBER 8, 2023
In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. The record comes as mortgage rates hover at elevated levels, hitting their highest level in 23 years last week and cutting deep into buyers’ budgets. Sale prices are still up 3% from a year ago. percent from 7.37
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Appraisal Today
JULY 21, 2023
This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Listed for $42.5
Housing Wire
DECEMBER 7, 2020
months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. In 2013/2014, when the economic data was improving, mortgage rates rose. If supply goes over 6.5 Hard pass.
Housing Wire
MAY 18, 2022
Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.
Housing Wire
FEBRUARY 23, 2021
Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. ” Zillow Economist Matthew Speakman added that homes in some major markets are going under contract more than a month faster than they were at this time last year. December 2020’s 10.4%
Housing Wire
AUGUST 23, 2022
So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction. months and above.
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