Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 The builders would love rates to get back to these levels so they can be sure to sell some of the homes they’re finishing up on the construction side. Also, we have to know that we aren’t working from a high level of inventory data as well.

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Housing Wire

DECEMBER 28, 2021

In November 2018, the deadliest fire in the history of California nearly destroyed Paradise, a 144-year-old town that sits in the Sierra Foothills above the northeastern Sacramento Valley. . We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”.

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Housing Wire

NOVEMBER 2, 2020

It was more noticeable than what we saw in 2018. months, builders pull back, and new construction stalls. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. This level of inventory means new home sales are doing ok, not great. Mortgage rates followed, which dampened demand.

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Housing Market Marketing Inventory Design 545

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

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Inventory Housing Market Construction Marketing 513

Housing Wire

NOVEMBER 29, 2023

The region was responsible for almost 65% of the adjusted rate of home sales, up about 10 percentage points from the same month in 2018. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The figure – up 17.7%

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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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Inventory Housing Market Marketing Modernization 504

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

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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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Inventory Housing Market Marketing Modernization 410

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.

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Construction Housing Market Inventory Buyers 461

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

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. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. First, total home sales should be 6.2

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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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Inventory Construction Government Housing Market 545

Empire Appraisal Group

APRIL 22, 2021

Household formation rates had begun to turn a corner in 2018 and 2019 during the longest economic expansion in history, suggesting many will form households if they can overcome affordability and credit challenges. Builders are still reacting to land, material and labor constraints that have dampened construction over the past decade or so.

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Robinson Appraisal Group

MARCH 22, 2018

Going into the spring market many parts of the United States are seeing the lack of inventory on the market waiting to see if the inventory will increase while we approach spring and summer, the busiest season of real estate. The vast majority of new construction is for move-up products vs. entry level homes.

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Advertising Landlords Real Estate Inventory 78

Housing Wire

JUNE 24, 2022

Census: For Sale Inventory and Months’ Supply The seasonally?adjusted Five months of the supply are homes in construction. That is a high level, and two months of the supply hasn’t started construction yet, and a whopping 0.68 The builders will pull back on construction when the supply is 6.5 months are completed homes.

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Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." million in 2018." This continues to bring out more buyers which certainly doesn't help close the inventory shortage gap. million, up substantially from an estimated 2.5

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Marketing Supply Chain Real Estate Construction 28

Housing Wire

JUNE 27, 2023

Some people prefer something other than the current active existing inventory. As we can see in the chart below, new home sales aren’t booming like what we saw at the peak of 2005 but are getting back to trend sales growth from the bottom we saw when rates got 5% in 2018. Now on to the report. When supply is 4.4-6.4 When supply is 6.5

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Housing Wire

DECEMBER 23, 2020

We don’t need to be concerned about the moderation in the new home sales data because inventory is still low. ” I’m sure you’ve heard the thesis that low inventory suppresses sales. Home sales have gotten to pre-cycle highs with the inventory at pre-cycle lows. Builder confidence is primarily based on inventory.

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Housing Wire

OCTOBER 26, 2020

When mortgage rates got to 4.75% -5% in 2018, demand fell and inventory for new homes went up. This dramatically slowed the rate of growth in construction in 2019. When this happens housing construction stalls. This is what happened in 2018 and this year in the month of April at 6.8 Anytime inventory dips below 4.3

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Housing Wire

FEBRUARY 24, 2022

It gives an idea of what to expect for housing construction. months and above, the builders will pull back on construction. This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. A good example was 2018. From Census: The seasonally?adjusted

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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. – 2018: #5 Individual Agent, Keller Williams, Worldwide. – 2018: #1 Individual Agent, Keller Williams, Texas.

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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

SEPTEMBER 18, 2023

Meanwhile, builders are faced with shortages of construction workers, buildable lots and distribution transformers, she added. With the lack of existing-home inventory, the new construction buyer mix also shifted. Insurance cost and availability are also growing concerns for the housing sector. consumer inflation reading.

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Construction Buyers Housing Market Insurance 462

Housing Wire

DECEMBER 29, 2022

A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above. This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory.

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Housing Wire

NOVEMBER 24, 2021

months and above, the builders will pull back on construction. However, we are not that far from me raising a red flag on the new home sector as I did in 2018. This is also why I still will never believe in a construction boom premise here in America. When supply is 6.5 Currently, the headline number is at 6.3

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Housing Wire

APRIL 13, 2022

Seasonal inventory is about to rise, so let’s hope for the best. Higher rates are a must because the way we were heading, we would have easily had 40% home price growth in 3 years with inventory looking to start a fresh new all-time low in 2023. We started the year out at all-time lows and it got worse as the year went on.

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Housing Market Marketing Mortgage Inventory 433

Patch of Land

OCTOBER 26, 2018

Home flipping set a record during the first quarter of 2018 when homes flipped sold at an average gross profit of $69,500—the highest average gross flipping profit since first quarter 2000 (when ATTOM Data Solutions began tracking flips). The average gross flipping profit of $69,500 in first quarter 2018 translated into an average 47.8

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Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction. million and 1.92

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Housing Wire

MAY 24, 2022

As we can see below, the new home sales report just took us back almost to the 2018 levels — the last time when rates rose toward 5% and created a supply shock. months and above, the builders will pull back on construction. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93

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Housing Wire

DECEMBER 23, 2021

months and total inventory are collapsing again and we might see new fresh all-time lows before the spring of 2022. months and above, the builders will pull back on construction. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted The monthly supply of existing homes at 2.1 When supply is 6.5

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Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% Back in 2018, when builder confidence took a dive, new homes sales were falling and the monthly supply spiked. We spent parts of 2019 whittling down the excess inventory. increase above the revised June estimate in housing starts in July.

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Housing Wire

NOVEMBER 25, 2020

Only then would we see enough demand from the new home sales market to warrant that much construction. Higher levels of Inventory in the range of 4.4 If inventory breaks over 6.5 months, then the market has issues, and builders will likely stall on construction. I said that housing starts would never start a year at 1.5

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Housing Market Inventory Construction Marketing 538

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. But the company was out of business by 2018. There is something endearing in the 3-D printed wall’s construction.

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Construction Supply Chain Investors Business 396

Housing Wire

NOVEMBER 23, 2022

We are, for now, bouncing off the bottom that we had back in 2018, which was historically low as well. From Census: For Sale Inventory and Months’ Supply The seasonally adjusted estimate of new houses for sale at the end of October was 470,000. The builders will pull back on construction when the supply is 6.5 When supply is 4.3

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Construction Marketing Housing Market Mortgage 456

Housing Wire

DECEMBER 20, 2021

As you can see below, the uptrend has been intact even with the slowdown in 2018 and the brief pause from COVID-19. The last time this sector saw some stress from mortgage rates was in 2018 when rates were at 5%. Housing inventory has been falling since 2014 and mortgage purchase applications have been rising since then.

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Housing Market Inventory Mortgage Marketing 543

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. – 2018: #5 Individual Agent, Keller Williams, Worldwide.

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Real Estate Real Estate Agent Realtors Agents 36

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. months of supply but of that number, 6.22

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Mortgage Construction Inventory Buyers 531