Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

Inventory 501

Inventory Construction Housing Market Business 501

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes.

Contracts 453

Contracts Housing Market Construction Inventory 453

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 516

Housing Market Marketing Inventory Buyers 516

Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 were 65 and older as of 2020, up from 13% in 2010,” the report reads. Some young families are turning to new construction, and others are renting homes.”

Property Taxes 457

Property Taxes Insurance Construction Inventory 457

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. After mixed results in January , the U.S. in January.

Construction 370

Construction Renovations Real Estate Marketing 370

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. Top 5 Counties for Out-of-State Buyers.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 545

Inspection Inventory Buyers Sellers 545

Eyes on Housing

JULY 23, 2021

The share of prospective home buyers looking to buy a newly-built home peaked at 42% in the fourth quarter of 2020, before falling to 38% and 33%, respectively, in the first two quarters of 2021. The drop is most likely the direct result of strong gains in new home prices in 2021, which have been driven by double-digit growth in.

Construction 164

Construction Buyers 164

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. A buyer’s market in 2021? It’s not likely we’ll see a buyer’s housing market in 2021, at least according to experts.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 359

Construction Real Estate Housing Market Transportation 359

Eyes on Housing

OCTOBER 27, 2021

In the first quarter of 2018, only 15% of prospective buyers were looking for a newly built home. The onset of COVID-19 propelled that share up to 42% by the final quarter of 2020, but strong gains in new home prices have driven it down for the last three quarters, reaching 32% in the third quarter of 2021. Meanwhile, the.

Construction 132

Construction Buyers 132

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Well that was until about Mid-March of 2020 when all hell broke loose.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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. What is the impact of lumber relative to interest rates?

Supply Chain 384

Supply Chain Buyers Construction Mortgage 384

Housing Wire

APRIL 26, 2021

That’s also 16 days fewer than the same period in 2020. 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.

Sellers 454

Sellers Housing Market Marketing Buyers 454

Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

Mortgage 542

Mortgage Construction Realtors Inventory 542

Housing Wire

MARCH 9, 2021

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, despite a virtually unaltered February, the housing market is in strong shape heading into the spring, with robust growth in purchase applications, home sales and new residential construction.

Mortgage 475

Mortgage Government Buyers Contracts 475

Eyes on Housing

JANUARY 25, 2022

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth.

Construction 193

Construction Buyers 193

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. Since 2018, the housing supply deficit has been growing.

Supply Chain 497

Supply Chain Housing Market Construction Inventory 497

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. A downpayment can be a major barrier for first-time buyers—student debt, stagnating wages, and the increasing cost of rent all make it difficult to save. For example, today’s historically low mortgage interest rates offer buyers more spending power.

Housing Market 396

Housing Market Marketing Construction Insurance 396

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”.

Marketing 532

Marketing Realty Realtors Housing Market 532

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

Mortgage 509

Mortgage Inventory Real Estate Technology 509

Housing Wire

MAY 19, 2021

The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers. “Until new construction takes off — over the course of years, not months — home prices will continue to increase.

Inventory 463

Inventory Construction Sellers Agents 463

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. Augusta, Georgia.

Housing Market 346

Housing Market Marketing Real Estate Agent Agents 346

Housing Wire

JUNE 22, 2021

from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. months in May 2020. The market’s outlook, however, is encouraging.

Inventory 410

Inventory Buyers Realtors Housing Market 410

Housing Wire

JUNE 3, 2021

Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. over the past month, they are still around 20 to 30 basis points higher than the record lows in late 2020, he said. Even though rates have been below 3.2% from March to 5.85

Mortgage 329

Mortgage Inventory Construction Realtors 329

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. In 2020, just? Despite unprecedented demand for new housing, just 28% of sales in the last 12 months went to first-time buyers, the lowest level in the? Low housing inventory. since 2008.

Construction 370

Construction Investing Development Landlords 370

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 417

Supply Chain Inventory Buyers Realtors 417

Housing Wire

MAY 25, 2021

April’s new home sales are nearly double that of April 2020’s estimate of 582,000. 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.

Construction 417

Construction Development Technology Marketing 417

Appraisal Buzz

MAY 2, 2022

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. Sellers will also have an easier time finding buyers because people can spend more freely.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

MAY 25, 2021

from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. Home prices accelerated yet again in March, for the 10th straight time.

Supply Chain 406

Supply Chain Inventory Buyers Construction 406

Housing Wire

MARCH 28, 2022

It got worse in 2020 and 2021, dropping down to levels that are so bad for the national housing market that it warrants me to start discussing possible credit controls in 2023 if we begin another year at fresh new all-time lows. HousingWire: How will rising rates affect new home construction? Inventory has been falling for years.

Housing Market 328

Housing Market Marketing Supply Chain Inventory 328

Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. The iBuyer said that listing options will also be available to Offerpad’s other homebuilder partners and their buyers over the next few months.

Construction 224

Construction Sellers Real Estate Buyers 224

Housing Wire

OCTOBER 6, 2023

” Meanwhile, Windsor Mortgage , which started in the wholesale space in 2020, “do like the state DPA products” and is “coming out with a DSCR [debt-service coverage ratio] ,” Boyd said. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 468

Mortgage Real Estate Agent Renovations Finance 468

Housing Wire

JULY 26, 2021

They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. An additional $6,400.

Real Estate Agent 383

Real Estate Agent Real Estate Sellers Legal 383

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.

Insurance 353

Insurance Housing Market Marketing Agents 353

DataMaster

FEBRUARY 25, 2021

That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! Let’s dig into the Millennial homebuyer history of 2020 and see what insights we can find. How Many Millennial Homebuyers Were There in 2020?

Inventory 174

Inventory Buyers Construction Supply Chain 174