Housing Wire

FEBRUARY 9, 2024

Lot inventory tightened on a quarterly basis, however, a signal of rising builder activity. The market saw a brief reprieve in lot availability as starts slowed, but the fourth quarter data captures the return of tightening as builders step up construction activity,” Zonda chief economist Ali Wolf said in a statement. “75%

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Development Inventory Construction Real Estate 412

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 415

Inventory Renovations Supply Chain Buyers 415

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.

Construction 514

Construction Housing Market Inventory Marketing 514

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. 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.

Mortgage 478

Mortgage Inventory Housing Market Construction 478

Housing Wire

APRIL 8, 2021

The gen­er­a­tion made up 38% of home buy­ers in the year that ended July 2019, up from 32% in 2015, ac­cord­ing to the Na­tional As­so­ci­a­tion of Re­al­tors. ”. The nation’s greatest obstacles ahead will come from the shortages in available single family home inventory across the county.

Development 448

Development Lending Mortgage Marketing 448

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6

Inventory 464

Inventory Construction Housing Market Mortgage 464

Housing Wire

DECEMBER 23, 2020

Census Bureau and the Department of Housing and Urban Development. This is 11% (±9.5%) below the revised October rate of 945,000, but is 20.8% (±19.5%) above the November 2019 estimate of 696,000.” We don’t need to be concerned about the moderation in the new home sales data because inventory is still low.

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Inventory Construction Housing Market Design 531

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.

Construction 470

Construction Supply Chain Inventory Housing Market 470

Housing Wire

MAY 16, 2023

New home construction is taking on an increased role in the marketplace because many home owners with loans well below current mortgage rates are electing to stay put, and this is keeping the supply of existing homes at a very low level ,” Alicia Huey, the NAHB chair, said in a statement. That share from 2000-2019 was a 12.7%

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Construction Inventory Buyers Housing Market 445

Cleveland Appraisal Blog

MARCH 4, 2021

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog. Why Comp Photos in Appraisals? – APPRAISAL TODAY.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

Housing Wire

JANUARY 31, 2024

CoreLogic Principal Economist Molly Boesel told HousingWire the 2022 price boom was largely “a spillover from the for-sale market,” which has been stuck in a prolonged inventory crunch in the present high-mortgage-rate environment. Nationally, multifamily construction has grown at a faster rate than single-family construction.

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Construction Inventory Property Management Housing Market 449

Housing Wire

NOVEMBER 25, 2020

I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. Only then would we see enough demand from the new home sales market to warrant that much construction. Census Bureau and the Department of Housing and Urban Development. If inventory breaks over 6.5

Housing Market 538

Housing Market Inventory Construction Marketing 538

Housing Wire

NOVEMBER 24, 2021

months and above, the builders will pull back on construction. Census Bureau and the Department of Housing and Urban Development. This is also why I still will never believe in a construction boom premise here in America. When supply is 4.4 months, this is an OK market for the builders. When supply is 6.5 percent (±21.1

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Construction Marketing Housing Market Mortgage 489

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” Taken by Felix Mizioznikov. We need to build above 1.1

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Construction Development Finance Mortgage 368

Housing Wire

MARCH 23, 2022

Department of Housing and Urban Development and the U.S. Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. After dropping 4.5% in February. after a 10.4%

Supply Chain 381

Supply Chain Housing Market Buyers Construction 381

Miller Samuel

MARCH 19, 2019

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. To keep developing despite all this new capital, developers had to build what land prices required, high-end real estate.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

AUGUST 31, 2022

In 2019, they teamed up to make a $450 million equity commitment to develop 2,000 new “build-for-rent” homes. Tricon notes in announcing the latest joint venture with ASRC that it “has already invested $1 billion in developing new, high-quality rental housing and has a pipeline of over 7,000 new homes currently under development.”.

Marketing 391

Marketing Construction Supply Chain Development 391

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. Construction has traditionally been slow to pick up new technology compared to other industries.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

MAY 24, 2022

Census Bureau and the Department of Housing and Urban Development. 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 This is 16.6 percent (±10.4 percent) below the revised March rate of 709,000 and is 26.9

Housing Market 417

Housing Market Inventory Construction Marketing 417

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 Census Bureau and the Department of Housing and Urban Development.

Inventory 456

Inventory Marketing Construction Mortgage 456

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period.

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

Housing Wire

NOVEMBER 23, 2022

Department of Housing and Urban Development (HUD) and the U.S. The increase in new-home prices reflects a shift in the mix of homes being sold, with fewer homes sold at lower prices points, thus the median price escalated, as well as higher construction costs are being passed on to the consumer,” Kushi said. Census Bureau.

Housing Market 362

Housing Market Construction Inventory Development 362

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. Houston was extending its borders outside the confines of Loop 610 In the midst of these developments.

Real Estate 36

Real Estate Real Estate Agent Realtors Agents 36

Housing Wire

JULY 21, 2021

The tax credit’s goals include attracting “private investment in the development of affordable homes,” and bolstering “homeownership rates for low- and moderate-income homebuyers in underserved communities,” according to a White House fact sheet. Markets with Most Qualifying Inventory. Identifying Underserved Neighborhoods.

Real Estate 488

Real Estate Investors Market Value Home Value 488

Houston Properties

JULY 18, 2022

One of Houston’s older neighborhoods, River Oaks was developed by brothers Mike and Will Hogg, along with their business partner Hugh Potter. Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

K.W. Appraisals

JANUARY 27, 2019

According to the US Census Bureau and the Department of Housing and Urban Development, the number of new single-family houses sold reduced last month - from 666,000 in May to 631,000 in June. If inventory was to blame for low house sales, an increase in supply would surely result in improved sales, but that is not the case.

Marketing 28

Marketing Construction Development Inventory 28

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. Develop a niche and/or positioning (and target audience). It took me 3 years to develop “The Flooring Girl” positioning. Life happens. And, track it 2.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

D Fritz Appraisals

SEPTEMBER 18, 2020

Home prices have been rising nearly constantly for the past 17 years and between 2016 and 2019, pricing rose by 27.8% (18.5% Across Canada, the average home price rose to $571,471 in July 2020, compared to $500,164 in July 2019. During 2019, Ottawa’s home prices rose the most at 7.38% (on average). from July 2019.

Real Estate 78

Real Estate Construction Development Buyers 78

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). It is developing several single-family and multifamily communities in King and Snohomish counties. We have covered over and over the scarcity of homes available for sale.

Construction 36

Construction Inventory Buyers Real Estate 36

Listing Spark

JANUARY 12, 2023

New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. In Houston, closed sales were down 30.4%, the average sales price increased 5.8%, and months of inventory jumped to 2.4 ” [0:19:31] Builders Offer Incentives to Move Inventory in Slump Market.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Listing Spark

MARCH 9, 2023

In this blog post, we’ll take a closer look at Texas’ real estate market activity — exploring recent developments, analyzing short-term trends, and making predictions about what we might expect. Months supply of inventory climbed from 0.6 Compared to 2021’s extremely low months supply of inventory of 0.6

Real Estate 36

Real Estate Marketing Inventory Sellers 36

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. – 2019: #5 Individual Agent, KW Worldwide.

Real Estate 36

Real Estate Real Estate Agent Realtors Agents 36

Annarbor Appraisal

APRIL 9, 2020

Ann Arbor is somewhat insulated from national market forces in that we are a university community, and the university brings with it a lot of stability due to student life, research and development, and the industries that tie in to the university. In June 2019 I wrote a piece about Ann Arbor for Mobility Magazine. Year to year trends.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Will Springer Realtor

SEPTEMBER 12, 2023

We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 67

Finance Inventory Construction Buyers 67

Houston Properties

JULY 15, 2022

Development in the area is steadily rising. A number of new construction custom-built homes are under development in the area. Property inventories are tight. – 2019: Top Residential Realtors in Houston, Houston Business Journal. – 2019: America’s Best Real Estate Agents, RealTrends.com.

Real Estate 36

Real Estate Real Estate Agent Realtors Agents 36

Will Springer Realtor

DECEMBER 14, 2021

That’s far higher than YoY figures at the end of 2020 (up 1.7%) or 2019 (2.5%). 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. Consumer prices are going up and up – 6.5% this year nationally and 3.8%

Real Estate 69

Real Estate Buyers Construction Sellers 69