Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 445

Housing Wire

FEBRUARY 28, 2024

It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S. Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs.

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Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market. in mid-January 2024. as of February 29, 2024.

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Housing Market Marketing Inventory Construction 403

Housing Wire

JUNE 3, 2022

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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Construction Renovations Transportation Real Estate 434

Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% below its pre-pandemic level.

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Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. recorded in February 2020. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. in June 2021.

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Construction Housing Market Retail Real Estate 346

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.

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Housing Market Marketing Market Value Construction 418

Housing Wire

JANUARY 22, 2021

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. million homes were sold in 2020, up 5.6% Yun added that 70% of homes sold in December of 2020 were on the market for less than a month. “To A total of 5.64

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Construction Investors Realtors Real Estate 414

Housing Wire

DECEMBER 1, 2020

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% The report showed that single-family construction in second-home markets expanded at a 13.6% “The U.S.

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Construction Marketing Development Buyers 455

Eyes on Housing

OCTOBER 20, 2021

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding. Read More ›

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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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Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 In fact, coming off the Great Recession, new home construction in the U.S.

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Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. .

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Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.” from February. from February.

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Inventory Housing Market Marketing Supply Chain 545

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%. ” Cracking the code on marketing to the realtor channel.

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Housing Market Construction Marketing Real Estate 395

Housing Wire

JANUARY 5, 2024

Here are my three key points on the labor market recovery since I retired my COVID-19 recovery model on Dec. 9, 2020: 1. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Does this mean the labor market is breaking?

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. million until 2020-2024. We ended 2020 with just 1,380,000 starts.

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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.

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Housing Market Marketing Inventory Buyers 510

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

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Housing Market Marketing Construction Mortgage 525

Housing Wire

JANUARY 6, 2023

Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Residential building construction employment increased by 0.3%

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Housing Wire

JULY 26, 2021

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months and below is a good market for the builders — 4.4 This represents a supply of 6.3

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Housing Wire

OCTOBER 11, 2021

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019.

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Housing Market Marketing Construction Investors 532

Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction.

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Housing Market Marketing Construction Real Estate 510

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. Residential building construction employment is now up 11.6%

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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 supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

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Marketing Realty Realtors Housing Market 531

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.

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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. Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year.

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Construction Supply Chain Inventory Housing Market 432

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

AUGUST 31, 2022

Tricon is contributing to a nationwide surge in single-family build-for-rent (SFBFR) construction. An analysis by the National Association of Home Builders (NAHB) found that there were some 21,000 SFBFR construction starts across the country during the second quarter of 2022, up 91% from the same period in 2021. in July and by 2.1%

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Marketing Construction Supply Chain Development 373

Eyes on Housing

JULY 23, 2021

The total market share of non-site built single-family homes (modular and panelized) was at 3% of single-family completions in 2020, according to Census Bureau Survey of Construction data and NAHB analysis.

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Construction Marketing 176

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. With lumber prices recently pulling back, we expect some near-term strength in construction.

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Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Let’s look at the details of the U.S.

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Inventory New Listings Contracts Sellers 515

Housing Wire

FEBRUARY 4, 2022

unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. Labor force participation rate is important because a labor market with low unemployment and low participation means many Americans are not participating in the economy or contributing to its growth,” Kushi said in a statement. “A in January from 3.9%

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Supply Chain Construction Inventory Retail 395

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. How I look at rates is intertwined with how I look at the bond market.

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Housing Market Marketing Inventory New Listings 534

Eyes on Housing

JULY 6, 2021

With this in mind, did higher lumber prices in 2020 result in higher market shares for non-wood framed single-family homes? Wood framing remains the dominant construction method for single-family homes in the U.S., according to NAHB. Read More ›

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

DECEMBER 3, 2021

Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. The U6 unemployment rate, which has been historically used by American bearish people to say the labor market isn’t great, is currently below what we saw in the best levels before the great financial crisis.

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