Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. In 2020, just? million homes. been falling sharply ?since

Construction 370

Construction Investing Development Landlords 370

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

Housing Market 400

Housing Market Marketing Construction Insurance 400

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. April’s new home sales are nearly double that of April 2020’s estimate of 582,000. lower than the revised March rate, according to a joint analysis from the U.S. While homebuilders grapple with supply constraints, demand has yet to be met.

Construction 421

Construction Technology Development Marketing 421

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, from 2020 to 2021, to $13 billion. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgage 317

Mortgage Loan Officers Retail Construction 317

Housing Wire

SEPTEMBER 27, 2022

This isn’t true (just look at his next statement, below) — he really wants the bidding wars to end, and for total inventory to grow and regain balance. As you can see below on the NAR total inventory chart, we didn’t have a seasonal push in inventory in 2020, which left us vulnerable to price growth that was above the historical norm.

Housing Market 473

Housing Market Inventory Marketing Construction 473

Housing Wire

JUNE 7, 2023

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. It’s important to note that as of 2020, 41% of Arizona’s water supply came from groundwater, 36% from the Colorado River, 18% from in-state rivers, and 5% was reclaimed water.

Real Estate 340

Real Estate Transportation Development Housing Market 340

Housing Wire

DECEMBER 16, 2021

The latest news regarding the Omicron variant has many cautious about whether the recovery that began in the second half of 2020 and blossomed in 2021 can continue. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? This additional inventory is sorely needed.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

FEBRUARY 13, 2024

While Alabama agents might feel good about their state’s prospects as a migratory hotspot, they must also face the repercussions of a growing population — namely increased pressure on the state’s already constrained housing inventory. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

Construction 378

Construction Supply Chain Inventory Agents 378

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

Housing Wire

JUNE 17, 2021

“Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05

Inventory 500

Inventory Construction Contracts Mortgage 500

Housing Wire

MAY 6, 2021

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

Housing Market 432

Housing Market Marketing Market Value Construction 432

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Last year was a tough one for the Indiana real estate market.

Housing Market 419

Housing Market Marketing Inventory Construction 419

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. population growth means we will become Japan, but I’ve been focused on demographics and how that will affect housing from 2020-2024.

Inventory 478

Inventory Housing Market Construction Marketing 478

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. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. months and above, the builders will pull back on construction.

Mortgage 465

Mortgage Inventory Housing Market Construction 465

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. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

Construction 504

Construction Housing Market Inventory Marketing 504

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 391

Inventory Renovations Supply Chain Buyers 391

Housing Wire

APRIL 8, 2021

In early 2020, Zoom was barely a known company in America. Low mortgage rates, driven by quantitative easing by the Federal Reserve helped fuel a boom in both mortgage refinancing and purchases, making 2020 the second-best year in U.S. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire.

Development 421

Development Lending Mortgage Marketing 421

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

Construction 466

Construction Inventory Government Development 466

Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. Builder confidence is primarily based on inventory.

Inventory 528

Inventory Construction Housing Market Design 528

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 450

Inventory Construction Housing Market Mortgage 450

Housing Wire

JUNE 24, 2022

Census Bureau and the Department of Housing and Urban Development. We can see below, pricing got pretty crazy after 2020. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted Five months of the supply are homes in construction. The builders will pull back on construction when the supply is 6.5

Inventory 456

Inventory Construction Marketing Mortgage 456

Housing Wire

JUNE 16, 2021

According to the lobbying group, construction of long-term housing fell 5.5 The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.

Housing Market 537

Housing Market Marketing Construction Development 537

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. From Census: The seasonally?adjusted When supply is 4.4

Construction 395

Construction Housing Market Marketing Mortgage 395

Housing Wire

MARCH 16, 2022

While buyer demand remains high, experts say ongoing lumber and building material supply side issues , labor shortages , rising construction costs and expectations of higher interest rates are contributing to this downturn in homebuilder confidence.

Buyers 386

Buyers Supply Chain Construction Inventory 386

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 445

Construction Supply Chain Inventory Housing Market 445

Eppraisal

NOVEMBER 30, 2021

percent above the October 2020 rate. This is partly due to the shortage of available housing inventory this year. Many national builder developments across the country are selling homes faster than they have in some time. Housing starts increased right along with home values in 2021. Horton, Lennar Corp.,

Contracts 36

Contracts Home Value Design Development 36

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.

Appraisal 223

Appraisal Real Estate Real Estate Agent Loan Conditions 223

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

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 438

Inventory Marketing Construction Mortgage 438

Housing Wire

JULY 27, 2023

million units last month , supply is mostly coming from multifamily rental construction. Permitting data suggests future multifamily supply is slowing and developers of such projects are highly sensitive to high interest rates. from June 2020, nearly doubling the cost in three years, Hale noted.

Construction 361

Construction Tenants Mortgage Finance 361

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. percent) below the October 2020 estimate of 969,000. For housing, I have stayed true to my bond yield mortgage rate call of the summer of 2020. When supply is 4.4 When supply is 6.5

Construction 479

Construction Marketing Housing Market Mortgage 479

Housing Wire

NOVEMBER 25, 2020

million until we reached the years 2020-2024. 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. Higher levels of Inventory in the range of 4.4 If inventory breaks over 6.5 Anything below 4.3

Housing Market 538

Housing Market Inventory Construction Marketing 538

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

Construction 368

Construction Development Finance Mortgage 368

Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Except now, we have had massive price gains in 2020, 2021 and 2022. Census Bureau and the Department of Housing and Urban Development. million total home sales each year from 2020 to 2024.

Housing Market 397

Housing Market Inventory Construction Marketing 397

Housing Wire

AUGUST 29, 2023

Census Bureau and the Department of Housing and Urban Development. As September approaches, 2023 is already showing tighter housing inventory for new homes and boasting more new home sales than 2022, which could bode well for homebuilders. That total imputed a seasonally adjusted annual rate of new home sales of 714,000, up 31.5%

Inventory 350

Inventory Construction Marketing Development 350

Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 Census Bureau and the Department of Housing and Urban Development. Here is the breakdown of the 8.6 percent (±22.7

Construction 352

Construction Housing Market Mortgage Sellers 352