Remove 2020 Remove Buyers Remove Construction Remove Renovations
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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Skilled labor is returning to homebuilding

Housing Wire

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.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

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. 60%); Richmond County/Augusta, Ga. (56%);

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Here’s how wholesale lenders and brokers are navigating near-8% mortgage rates

Housing Wire

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

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What to Know About Home Renovations in 2023

Lamacchia Realty

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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Lamacchia Realty’s Chelmsford Location is Officially Open for Business

Lamacchia Realty

After massive renovations, 6 North Road in Chelmsford has a whole new look and is built to accommodate Lamacchia Realty’s Chelmsford agents as well as agents that were previously located in the Westford office. During the renovation period, Lamacchia Chelmsford agents operated out of the Westford Office. Anthony Lamacchia.