Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. months and above, the builders will pull back on construction. It’s taking forever to build a home and that has created a huge number of homes under construction.

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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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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. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5

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Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” in 2022, the weakest showing since 2014. Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

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Marketing Government Mortgage Sellers 410

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.

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Construction Housing Market Inventory Marketing 504

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

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Benyon Commercial Appraiser

SEPTEMBER 18, 2014

The Triangle multifamily/apartment investment market continues to experience demand for new construction, Class A complexes. Some of the most recent deals include: (Raleigh) August 2014 – Meridian at Wakefield, 369 Units, $137,000± per unit. Durham) July 2014 – The Heights at South LaSalle, $185,000± per unit.

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Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

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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 extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary.

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Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

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Housing Wire

DECEMBER 16, 2020

Robert Dietz, chief economist for NAHB, said the issues that have limited housing supply in recent years, including land and material availability and a persistent skilled labor shortage, will continue to place upward pressure on construction costs. According to the NAHB, the price of lumber isn’t helping builder confidence either.

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Houston Properties

JULY 18, 2022

Property inventories are shrinking. Despite the surge of new construction homes in the area, the Energy Corridor inventory has become one of the tightest in Houston. – 2014: America’s Best Real Estate Agents, RealTrends.com. – 2014: #1 Individual Agent, Keller Williams Memorial.

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Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

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Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. growth rate was more than six and a half years ago, in March 2014.”. Larger homes have become more popular as more homeowners are working from home, becoming a main driver for construction. census divisions, reported an 8.4%

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Buyers Construction Realtors Inventory 543

Housing Wire

APRIL 27, 2022

Even though multifamily construction has boosted housing starts recently, the slowdown in single-family purchases hasn’t been anything too dramatic yet. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

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Construction Buyers Housing Market Inventory 369

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. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

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Construction Housing Market Sellers Marketing 370

Housing Wire

DECEMBER 20, 2021

I have never believed in the housing construction boom premise as mature economies don’t have construction booms with slowing population growth. Housing inventory has been falling since 2014 and mortgage purchase applications have been rising since then. I would like to see inventory get toward 1.52 – 1.93

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Miller Samuel

MARCH 19, 2019

The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. That article came out in 2014 right as the housing market was peaking. The White Paper That Started It All. Mayor Bill de Blasio gave it his blessing as well.

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Housing Wire

SEPTEMBER 20, 2022

Even as homebuilder sentiment continued to slide in September, reaching its lowest level since May 2014, housing starts were on the rise in August, increasing 12.2% A slowdown in new construction is concerning in the long-run because there remains a structural and long-term national shortage in the housing market.

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Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. Available to rent on Airbnb, of course.

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Houston Properties

JULY 19, 2022

LUXURY HOUSING OPTIONS: Piney Point homes for sale can range from old country estates to new construction custom-built homes. The Piney Point real estate market can be challenging to navigate, especially with its low inventory. – 2014: America’s Best Real Estate Agents, RealTrends.com.

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Housing Wire

DECEMBER 31, 2021

Yearly data compiled by the MBA found that in 2014 and 2018, years with weaker origination volume, the LO turnover rate was 44% and 37%, respective-ly. Industry experts also predict that home inventory will increase in 2022, creating more options for borrowers. Bank Home Mortgage , said at the MBA Annual convention.

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Houston Properties

JANUARY 13, 2021

We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. The market will see an influx of price drops and hikes due to low inventory and high demand.

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Appraisal Today

MAY 19, 2023

Built in 2014, the six-bedroom estate was designed to resemble an English manor. The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate. percent,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.

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Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. The regal real estate was first listed in 2014 for $45 million. But whether the Woodstock, CT, chateau actually finds its next ruler, remains to be seen. The 30-year fixed mortgage rate decreased to 7.21

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Houston Properties

JULY 18, 2022

Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles. Some have since been replaced with new construction homes. – 2014: America’s Best Real Estate Agents, RealTrends.com.

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Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Year Built: 2014. Zip Code: 77006.

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Clear Capital

AUGUST 30, 2021

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Download the report , or read it below. What happened to real estate prices in 2013?

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Marketing Real Estate Inventory Construction 69

Houston Properties

JULY 21, 2022

Spring Branch Houston is a neighborhood of mostly new construction single-family houses and townhomes. New construction developments within Spring Branch serve as less expensive alternatives to homebuyers looking for homes near the Energy Corridor and Downtown Houston. – 2014: America’s Best Real Estate Agents, RealTrends.com.

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Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here.

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Construction Appraisal Modernization Contracts 52

Houston Properties

JULY 21, 2022

With just over 130 home sites, Oak Estates homes are a mix of traditional one-story homes and plenty of new constructions. Just over 86 acres large, Oak Estates’ real estate market displays a constant low inventory. – 2014: America’s Best Real Estate Agents, RealTrends.com. The Best Houston Realtor to Sell Your Home.

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Houston Properties

JULY 15, 2022

A number of new construction custom-built homes are under development in the area. Property inventories are tight. – 2014: America’s Best Real Estate Agents, RealTrends.com. – 2014: #1 Individual Agent, Keller Williams Memorial. – 2015: America’s Best Real Estate Agents, RealTrends.com.

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Empire Appraisal Group

FEBRUARY 15, 2024

Homeowners Are More Apt to Stay Put With interest rates for a 30-year fixed mortgage still high, home prices holding steady and inventory still low, many homeowners plan to stay put, optimizing or expanding their existing square footage. After slowing from 2012 to 2014, spec building has picked up, due to an uptick in migration.

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Will Springer Realtor

DECEMBER 14, 2021

There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. this year nationally and 3.8% established at the start of 2021.

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Houston Properties

JULY 22, 2022

New constructions are not as frequent as in neighboring West U. The Southgate Houston market in real estate is a bustling market for sellers, with 1 to 2 homes sold per month in its often low inventory. – 2014: America’s Best Real Estate Agents, RealTrends.com. – 2014: #1 Individual Agent, Keller Williams Memorial.

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Will Springer Realtor

MAY 9, 2023

“Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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