Housing Wire

APRIL 1, 2022

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. The unemployment rate is now just marginally higher than its February 2020 level of 3.5%. In the construction industry, unemployment fell 6.0%

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Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. from 2010 to 2020, Peoria’s population dropped 2.5%

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Housing Market Marketing Real Estate Agent Agents 360

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. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

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Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

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Housing Wire

NOVEMBER 2, 2020

With Halloween now in the rearview mirror, we still have one more spook to survive in 2020 – and no, I’m not talking about the upcoming election. I’m talking about housing market crash headlines. The housing data has been wild this year. Existing homes sales didn’t have either the worst or best print in 2020.

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Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

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Construction Development Business Housing Market 315

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?

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Insurance Housing Market Marketing Supply Chain 362

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6

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Contracts Housing Market Construction Inventory 458

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. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few.

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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. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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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.

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Housing Wire

JANUARY 5, 2024

While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7 million jobs were added to the U.S.

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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. year-over-year increase, further complicating things for the Fed.

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Construction Real Estate Housing Market Transportation 368

Housing Wire

SEPTEMBER 14, 2020

Hidden somewhere in rural Kansas and nestled 15 stories below the ground, the listing consists of condos constructed in a repurposed Atlas missile silo. The post This missile silo-turned luxury bunker might be just what 2020 needs appeared first on HousingWire. This was just such a unique property.

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Real Estate Agents Construction Finance 441

Appraisal Buzz

AUGUST 17, 2021

Fears about construction costs, supply shortages, and concern over fast rising home prices acted to deflate builder confidence this month. “While the demographics and interest for home buying remain solid, The post Builder Confidence Down Big; Record Rents; Mixed Messages on New Homes appeared first on Appraisal Buzz.

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Construction Housing Market Appraisal Marketing 370

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market.

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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 housing market for multiple reasons, Redfin said. were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5

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Property Taxes Insurance Construction Inventory 464

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. Since 2018, the housing supply deficit has been growing.

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Supply Chain Housing Market Construction Inventory 500

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

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Construction Renovations Government Inventory 352

Housing Wire

SEPTEMBER 2, 2022

Both metrics are now back above their February 2020 levels after returning to their pre-pandemic levels in July. Construction gained 16,000 jobs in August, with residential building gaining 2,300 jobs and residential specialty trade contractors gaining 8,600 jobs. Heavy and civil engineering construction, meanwhile, lost 2,000 jobs.

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Real Estate Construction Retail Housing Market 412

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. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 533

DW Slater Company

JANUARY 28, 2021

Now that 2020 is in our rearview mirror, we can take a look back and review it. It was interesting how, when it first began, many were predicting declines in the housing market. As you can see in our charts and data, our markets seemed to pause from March to June and then in July they all began trending upward.

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Construction Marketing Real Estate Housing Market 78

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 466

Housing Wire

APRIL 7, 2023

The monthly jobs report showed losses in construction, retail trade, and manufacturing, while the other sectors showed growth. For those who did not follow me during the COVID-19 recovery period, I had a few critical talking points about the labor market: The COVID-19 recovery model was written on April 7, 2020.

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Housing Market Marketing Mortgage Retail 502

Housing Wire

NOVEMBER 4, 2022

Employment in the construction industry changed little from September, adding 1,000 jobs in October, thanks to slight increases in residential and nonresidential building as well as heavy and civil engineering construction, along with a slight decrease in specialty trade contractors. Overall, residential building employment was up 7.7%

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Construction Real Estate Housing Market Mortgage 376

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

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Sellers Housing Market Marketing Buyers 458

Housing Wire

MARCH 25, 2021

Mortgage applications decreased for the third straight week on Wednesday, according to the Mortgage Bankers Association , as rising mortgage rates pushed refinance activity down to its slowest pace since September 2020. Even a slight quarter turn in rates will cause many borrowers to wait out the market. That’s a full 5% drop.

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Mortgage Construction Realtors Inventory 543

Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? Months are homes under construction 0.8 Ghost Supply 2.2

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Training Inventory Housing Market Real Estate Agent 420

Housing Wire

JANUARY 26, 2021

According to Hale, realtor.com’s 2021 outlook expects an eventual moderation to price gains as home construction ramps up and the widespread availability of COVID vaccines bring more flexible sellers back to the housing market. But it will be some time before these changes bring relief.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

APRIL 5, 2024

How did we get here with the labor market? I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Today, we are at 158,133,000.This

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Marketing Mortgage Construction Government 466

Housing Wire

DECEMBER 2, 2022

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). In February 2020, a combined 300,000 were employed in “ real estate credit ” and as mortgage and nonmortgage loan brokers.

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Housing Wire

JULY 8, 2022

9, 2020, I knew getting all the jobs back that were lost to COVID-19 would take some time. Feb 2020: 152,553,000 jobs —July 2022: 151,980,000 jobs. Looking at the jobs data and which sector added jobs in March, construction and manufacturing jobs came in positively, and we only lost jobs in the government.

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Construction Housing Market Marketing Government 516

Housing Wire

JUNE 3, 2022

9, 2020, I knew getting all the jobs back lost to COVID-19 would take some time. Feb 2020: 152,553,000 jobs —June 3, 2022: 151,682,000 jobs. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit. Months are homes under construction 0.8

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Construction Retail Transportation Marketing 526

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? 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.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

JUNE 3, 2021

However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. 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. Even though rates have been below 3.2%

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Mortgage Inventory Construction Realtors 340

Housing Wire

JANUARY 23, 2024

But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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