Housing Wire

JULY 8, 2022

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

Construction 384

Construction Housing Market Retail Real Estate 384

Eyes on Housing

DECEMBER 28, 2021

With the end of 2021 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In June, Na Zhao analyzed data on construction times in 2020. Survey data indicated that in 2021 the construction cycles expanded, although that data will be available in 2022.

Construction 167

Construction 167

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% Census Bureau and the U.S.

Construction 441

Construction Government Development Mortgage 441

Eyes on Housing

DECEMBER 31, 2021

With the end of 2021 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In December, David Logan reported on data examining inflationary impacts on construction material costs. The prices of goods used in residential construction ex-energy climbed 1.8%

Construction 174

Construction 174

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. The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” said realtor.com’s Chief Economist Danielle Hale. Plus, construction starts are projected to increase 9% over 2020.

Housing Market 525

Housing Market Marketing Inventory Buyers 525

Eyes on Housing

DECEMBER 28, 2022

In April, Natalia Siniavskaia reported on wage data for the construction sector. According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of. Read More ›

Construction 173

Construction 173

GoForrmz

SEPTEMBER 27, 2021

GoFormz highlighted as a top construction technology solution We are thrilled to announce that GoFormz has been selected as a ‘Top Construction Technology Firm’ by Construction Executive. Read the Article: The Top Construction Technology Firms.

Construction 155

Construction Technology 155

Housing Wire

DECEMBER 29, 2021

What a year 2021 has been. 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. ” Not in my western 2021 world!

Housing Market 533

Housing Market Marketing Construction Mortgage 533

Eyes on Housing

MARCH 30, 2023

According to the 2021 American Community Survey (ACS), 23% (or close to 2.5 million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. Read More ›

Construction 179

Construction Marketing 179

Eyes on Housing

JUNE 7, 2023

The latest labor force statistics from the 2021 American Community Survey show that the construction industry continues to struggle to attract younger workers. of the US labor force, their share in the construction industry reached only 10.0% Meanwhile, the share of older construction workers ages 55+ increased from less.

Construction 167

Construction 167

Eyes on Housing

JUNE 5, 2023

NAHB analysis of the most recent 2021 American Community Survey (ACS) data reveals that the median age of construction workers is 42, one year older than a typical worker in the national labor force.

Construction 179

Construction Housing Market Marketing 179

Housing Wire

JANUARY 4, 2021

Will 2021 be more of the same? 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. For example, home prices are still expected to rise in 2021, but at a smaller pace than we’ve seen this year. Is 2021 a good time to buy a house? Let’s take a look.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Eyes on Housing

APRIL 6, 2023

Earlier this year, we published a post highlighting a continuing high reliance of construction on immigrant workers post pandemic. Immigrants make one in four construction workers. The share is significantly higher, reaching 30%, among construction tradesmen.

Construction 109

Construction 109

Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. That exceeds Zillow’s $528 million loss for the year. The company tallied $8.0

Investors 432

Investors Real Estate Inventory Finance 432

Appraisal Buzz

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news New homes are selling like it’s 2006 again. This HousingWire article reports.

Construction 195

Construction Appraisal Marketing 195

Eyes on Housing

AUGUST 7, 2023

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 19.8 months, according to the 2022 Survey of Construction (SOC) from the Census Bureau. months longer than in 2021, as supply-chain issues and the ongoing skilled labor shortage challenged the industry.

Construction 147

Construction Supply Chain 147

Eyes on Housing

MAY 24, 2022

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed.

Construction 187

Construction Development 187

Eyes on Housing

MAY 26, 2021

NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. While the residential construction has been adding jobs during the pandemic, access to skilled labor is still a business challenge in 2021.

Construction 214

Construction Business 214

Housing Wire

SEPTEMBER 9, 2021

Olivia Nicholson , BI and Analytics Manager at Richey May led the development of RM Analyze’s quick deployment architecture and construction of industry-focused data connectors and custom visualizations that drive usage for its clients. Nominations for the 2021 Tech Trendsetters close on Friday, Sept.

Architecture 349

Architecture Technology Construction Real Estate 349

Eyes on Housing

APRIL 4, 2023

According to the latest 2021 ACS, close to 11 million people, including self-employed workers, worked in construction in 2021. million people worked in residential construction, accounting for 2.9% NAHB Economics estimates that out of this total, 4.5 of the US employed civilian labor force.

Construction 166

Construction 166

Housing Wire

FEBRUARY 2, 2022

What was extraordinary about Marshall’s observations is that, by most measurements, Pulte Group enjoyed a sterling 2021. billion in 2021 net income, a 38% leap from $1.41 The positive financial figures came on the backs of Pulte Group reporting 28,294 closings in 2021, up 15% from one year earlier. billion in 2020. in December.

Supply Chain 369

Supply Chain Investors Construction Buyers 369

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release.

Construction 275

Construction Tenants Design Finance 275

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. set during the first quarter of 2021. For all the transacting iBuyer’s did in 2021, only one was profitable: Offerpad, which posted $6.5 million in net income.

Housing Market 370

Housing Market Inventory Construction Marketing 370

Eyes on Housing

JUNE 23, 2022

construction industry, where skilled labor shortage is a long-term issue. One in three workers in the US construction industry is Hispanic. The latest labor force statistics from the 2021 Current Population Survey show that Non-Hispanic Whites account for the majority of workers in the construction industry (59%).Hispanics

Construction 174

Construction 174

Eyes on Housing

FEBRUARY 24, 2022

Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices.

Construction 173

Construction Marketing 173

Eyes on Housing

JULY 5, 2022

The earlier June post highlighted the rising number and share of Hispanics in the construction industry. Hispanics now account for almost a third of the construction workforce, according to the 2021 Current Population Survey. The share of Hispanics. Read More ›

Construction 173

Construction 173

Eyes on Housing

SEPTEMBER 8, 2021

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9% during the second quarter, even as the market cooled off strong.

Construction 158

Construction Insurance Marketing 158

Eyes on Housing

FEBRUARY 15, 2023

According to the most recent 2021 American Community Survey (ACS), the number of immigrant workers in construction, including self-employed, remained close to 2.8 The share of immigrant workers stayed at 24% of the construction workforce, slightly below the 2016 record.

Construction 109

Construction Marketing 109

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 512

Mortgage Inventory Real Estate Technology 512

Eyes on Housing

AUGUST 9, 2022

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020. Among all the nine Census.

Construction 167

Construction 167

Appraisal Buzz

NOVEMBER 18, 2021

Inflation is a key forecast concern for the economy, according to the November 2021 commentary from the Fannie Mae ’s Economic and Strategic Research (ESR) Group. The post Fannie Mae Ups Home Sales Expectations, Lowers Home Construction Projections appeared first on Appraisal Buzz. on an annual basis in the fourth quarter.

Construction 195

Construction Appraisal 195

Eyes on Housing

JULY 7, 2022

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013.

Construction 174

Construction 174

Eyes on Housing

JANUARY 3, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in October 2021. Total private residential construction spending was 16.3% in November after a decrease of 0.2% It stood at a seasonally adjusted annual rate of $796.3 higher than a year ago.

Construction 182

Construction 182

Housing Wire

OCTOBER 21, 2020

million annualized pace for new construction — the highest level since 2007. In 2021, mortgage originations are expected to fall to around $2.49 Servicers will remain busy in 2021 helping borrowers exit mortgage forbearance and into longer-term solutions,” Walsh said. Housing inventory and prices. trillion in 2005.

Mortgage 410

Mortgage Inventory Housing Market Construction 410

Eyes on Housing

FEBRUARY 1, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs declined for the month to 337,000 unfilled positions in December. The highest measure in the history of the data series (going back to late 2000) was 445,000 in October 2021.

Construction 157

Construction Housing Market Marketing 157

Appraisal Buzz

SEPTEMBER 20, 2021

The construction industry? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. (Nothing like the correction and recession of 2008 expected, but notable, nonetheless.). And what does this mean for the economy? Buyers and sellers? Realtors and Property Appraisers? Interest rates? Stock and bond markets?

Valuation 195

Valuation Property Appraisal Real Estate Sellers 195

Eyes on Housing

MAY 26, 2021

The historic climb for lumber prices, combined with delays and higher costs for other building materials, is a significant limiting factor for home building in 2021. Read More ›

Construction 195

Construction Inventory Mortgage Marketing 195