Eyes on Housing

AUGUST 3, 2021

The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. in the construction industry in 2019, compared to only 9.7% Consequently, the median age of construction workforce is 41 in 2019, a year younger than in.

Construction 179

Construction 179

Eyes on Housing

MARCH 29, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

Construction 169

Construction Housing Market Marketing 169

Eyes on Housing

SEPTEMBER 13, 2021

The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. Currently, women make up a growing share of the construction employment, up to 10.9% in 2020 from 10.3%

Construction 177

Construction 177

Eyes on Housing

MAY 3, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

Construction 137

Construction Housing Market Marketing 137

Eyes on Housing

JUNE 17, 2021

Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. inputs to residential construction less food and energy) prices have declined just twice since December 2019. Read More ›

Construction 169

Construction 169

Eyes on Housing

MAY 17, 2021

According to the 2019 American Community Survey (ACS), 22% (2.4 million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment.

Construction 106

Construction 106

Housing Wire

FEBRUARY 13, 2024

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. Although Zonda data shows that pressure on lot supply eased last year, the John Burns report indicates that MPCs will become even more desirable as construction activity ramps up.

Buyers 457

Buyers Design Construction Marketing 457

Housing Wire

APRIL 15, 2024

There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros. On the other hand, nearly 27% of homes sold for more than list price in February, compared to less than 19% in 2019.

Housing Market 436

Housing Market Inventory Buyers New Listings 436

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., over the first 10 months of 2019. building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The Producer Price. Read More ›

Construction 179

Construction 179

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt. Here is why.

Housing Market 545

Housing Market Marketing Inventory Construction 545

Housing Wire

AUGUST 4, 2023

The Tampa metro area has experienced among the highest home price increases in the country since 2019, in large part because the counties have in place restrictive zoning policies that increase the value of land. “I think the hesitancy comes with the fact that it’s a preemption.

Law 350

Law Legal Development Construction 350

McKissock

MAY 6, 2022

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. Those requirements can make it hard to find other new construction comparables.

Construction 86

Construction Appraisal Inspection Development 86

Housing Wire

AUGUST 2, 2023

RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019. In addition to the brokerage, Owen also owns a property management company, an escrow firm, a commercial real estate arm and a design-and-construction firm.

Brokerage 370

Brokerage Real Estate Realty Property Management 370

Eyes on Housing

DECEMBER 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., over the first 11 months of 2019. building materials) increased 0.2% in November after declining 0.4% in October (revised, not seasonally adjusted). The Producer. Read More ›

Construction 130

Construction Retail 130

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. The larger national bank lenders confirmed they are still active in new construction lending and were able to successfully close several pre-construction loans that were in process when COVID-19 started.

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

JULY 13, 2022

Keeping the figures simple, here is some math tied to the NAHB blog: If lumber in 2019 was $400/mbf, lumber cost was $11,200 per home If lumber in 2020 was $1070/mbf, lumber cost was $29,800 per home If lumber in 2022 is $400/mbf, lumber cost is back to $11,200 per home. From 2019 to 2022, interest rates added $474.

Supply Chain 408

Supply Chain Buyers Construction Mortgage 408

Housing Wire

APRIL 19, 2021

When we launched Knox in March 2019, we set out to give everyone, from middle-class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, Knox CEO. The company has brought on more than $80 million in investment properties since its launch in 2019.

Landlords 384

Landlords Investing Tenants Construction 384

Eyes on Housing

OCTOBER 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., Prices have increased 0.8%, year-to-date, the smallest YTD gain through September since 2019. building materials) was unchanged in September (not seasonally adjusted) after climbing 0.4%

Construction 125

Construction 125

Housing Wire

AUGUST 5, 2022

Construction gained 32,000 jobs in July, with residential building gaining 2,900 jobs and residential specialty trade contractors gaining 11,200 jobs. Employment in the construction sector is now 82,000 jobs higher than in February 2020. rates in the months before the pandemic.

Real Estate 421

Real Estate Construction Brokerage Insurance 421

Housing Wire

MAY 10, 2022

Now, after months of plumbing record lows, inventory finally began to rise in March, and it looks likely that we’ll finally notch year-over-year growth sometime in 2022 — a milestone we haven’t seen since fall of 2019. At the pace it’s recovering now, inventory would take about 30 months – September 2024 – to reach pre-pandemic, 2019 levels.

Inventory 397

Inventory Housing Market Construction Sellers 397

McKissock

JULY 17, 2022

LendingTree analyzed the changes of homebuilding-related variables from 2019 to 2021 by region and discovered an increase of 47% in stalled construction projects, despite the growing demands for new homes. . Also, with unemployment under 4%, construction companies are having a hard time finding enough employees to meet their demand.

Construction 68

Construction Real Estate Agent Supply Chain Real Estate 68

Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. That was up from 20 percent in 2019 and 50 percent in 2018. per square foot.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Eyes on Housing

AUGUST 12, 2021

Prices paid for goods used in residential construction ex-energy rose 0.2% inputs to residential construction less food and energy) prices have declined just twice since December 2019 and have increased 19.4% in July after climbing 3.0% Building materials (i.e., over the.

Construction 202

Construction 202

Eyes on Housing

MAY 13, 2021

Prices paid for goods used in residential construction ex-energy rose 1.7% inputs to residential construction less food and energy) prices have declined just twice since December 2019. inputs to residential construction less food and energy) prices have declined just twice since December 2019. Read More ›

Construction 205

Construction 205

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%. .”

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

APRIL 27, 2023

Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.” In the new construction sector , NAR predicts sales to increase 4.5% year over year to 4.56 million for all of 2023. year over year to 4.56 million for all of 2023.

Inventory 430

Inventory Realtors Contracts Construction 430

Eyes on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. Compared to a median age of 31 years in 2005, the U.S. This aging housing.

Construction 186

Construction 186

Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. This is not due to a lack of demand; quite the opposite, Speakman noted. ” Technology for navigating secondary market challenges. .

Construction 421

Construction Development Technology Marketing 421

Eyes on Housing

JUNE 14, 2021

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.4 months, according to the 2020 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2020 was relatively unchanged from 2019, slowing down the upward trend since 2013.

Construction 167

Construction 167

Eyes on Housing

JUNE 3, 2021

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. Compared to a median age of 31 years in 2005, the U.S. This aging housing.

Construction 196

Construction 196

Housing Wire

MAY 31, 2023

In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. According to data from Altos Research , the median home price listed in Salt Lake City last week climbed to $785,000, up from about $540,000 in the fourth quarter of 2019. Now, the median renter can only afford 4% of homes.”

Insurance 376

Insurance Clients Marketing Housing Market 376

Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”. So, it’s coming along, but it’s a slow process.”.

Insurance 371

Insurance Realty Agents Construction 371

Housing Wire

DECEMBER 22, 2020

That’s a 90% increase in volume compared to 2019, Crawford said. Funds will also support the construction of “Hope Centers” in Central America, which provide health, counseling and Christian faith-based services in developing countries.

Investing 397

Investing Mortgage Development Retail 397

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 447

Business Finance Buyers Lending 447

Housing Wire

APRIL 26, 2021

At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage. Average listing prices never approached $325,000 in 2019.

Sellers 458

Sellers Housing Market Marketing Buyers 458

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. Beyond just a record number of purchases by the iBuying companies, the number of completed home sales (44,933) also exceed the previous high from 2019 (28,265).

Housing Market 370

Housing Market Inventory Construction Marketing 370

Housing Wire

JULY 26, 2023

Because of historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market, major insurance carriers like State Farm and Allstate are no longer issuing new homeowner insurance policies in California. Will that translate into a negative impact on property values?

Insurance 370

Insurance Housing Market Marketing Supply Chain 370