Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Housing affordability weakened slightly during the first quarter of 2021 with signs of overheated prices and bottleneck supplies snowballing into April.

Construction 463

Construction Government Inventory Mortgage 463

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. lower than the revised March rate, according to a joint analysis from the U.S.

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 345

Mortgage Loan Officers Retail Construction 345

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 415

Housing Market Marketing Construction Insurance 415

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. The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources.

Real Estate 360

Real Estate Transportation Development Housing Market 360

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

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

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. Mike McGrory , Vice president Property Acquisitions, Development and Property Management for Lamacchia Realty shared how from his perspective they are seeing similar trends. Something to watch is how this will impact the new construction/flipping industry. April 8, 2021. February 4, 2021.

Renovations 56

Renovations Buyers Home Improvement Realty 56

D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory. in 2022 compared to 2021, putting homeownership further out of reach for many. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers.

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. 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

MAY 17, 2023

Department of Housing and Urban Development (HUD). Industry economists attribute the uptick in housing starts and builder confidence to the low level of existing home inventory. In April, the inventory of existing homes for sale totaled just 980,000, far lower than the long-term average of about 2.3 After falling 0.8%

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Inventory Construction Development Housing Market 393

Housing Wire

JUNE 17, 2021

Overall, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 741,000 units in May 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.

Inventory 500

Inventory Construction Contracts Mortgage 500

Housing Wire

JANUARY 19, 2023

compared to 2021, according to a report released Thursday by U.S. Department of Housing and Urban Development. Builders watched inventories rise as buyers canceled contracts and new orders dried up. Starts are exceeding completions and there are a record 926,000 multi-family units under construction. from December 2021.

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Inventory Construction Development Housing Market 397

Housing Wire

APRIL 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). The faster sales pace meant the inventory of unsold new homes continued to fall, dropping from 436,000 in February to 432,000 in March. New home sales posted yet another increase in March, rising 9.6% This represents 7.6

Construction 410

Construction Inventory Buyers Real Estate 410

DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Recent data from a NAR study reveals that institutional investors bought more than half of the homes sold in Tarrant County in 2021. Another thing to watch is new construction. Month’s Supply of Inventory.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

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. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

Construction 504

Construction Housing Market Inventory Marketing 504

The Robert Weiler Company

OCTOBER 9, 2021

They gain the rights of way for commercial and industrial purposes; this can include developing well sites, pipelines, coal mines, power lines, roadways, and much more. However, according to ZipRecruiter (as of October 2021), a land broker makes $69,686 per year in the USA and $64,527 per year in Ohio.

Brokerage 78

Brokerage Development Real Estate Realtors 78

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Census Bureau and the Department of Housing and Urban Development. percent)* below the February 2021 estimate of 823,000. First, total home sales should be 6.2

Mortgage 483

Mortgage Inventory Housing Market Construction 483

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. The nation’s greatest obstacles ahead will come from the shortages in available single family home inventory across the county.

Development 421

Development Lending Mortgage Marketing 421

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 405

Inventory Renovations Supply Chain Buyers 405

Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape.

Appraisal 75

Appraisal Contracts Business Construction 75

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 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

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Supply Chain Construction Inventory Finance 382

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 472

Inventory Construction Housing Market Mortgage 472

Housing Wire

JUNE 24, 2022

Census Bureau and the Department of Housing and Urban Development. percent)* below the May 2021 estimate of 740,000. 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 464

Inventory Construction Marketing Mortgage 464

Housing Wire

MAY 16, 2023

New home construction is taking on an increased role in the marketplace because many home owners with loans well below current mortgage rates are electing to stay put, and this is keeping the supply of existing homes at a very low level ,” Alicia Huey, the NAHB chair, said in a statement. That share from 2000-2019 was a 12.7%

Construction 429

Construction Inventory Buyers Housing Market 429

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 450

Construction Supply Chain Inventory Housing Market 450

Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 This is partly due to the shortage of available housing inventory this year. percent above the October 2020 rate. Horton, Lennar Corp., PulteGroup, NVR, and KB Home.

Contracts 36

Contracts Home Value Design Development 36

Housing Wire

JANUARY 27, 2023

291,000 homes are still under construction: 5.7 Census Bureau and the Department of Housing and Urban Development. percent) below the December 2021 estimate of 839,000. percent) below the 2021 figure of 771,000. The builders will pull back on construction when the supply is 6.5 months of supply. percent (±18.5

Mortgage 544

Mortgage Construction Buyers Inventory 544

Housing Wire

DECEMBER 23, 2020

Census Bureau and the Department of Housing and Urban Development. We don’t need to be concerned about the moderation in the new home sales data because inventory is still low. ” I’m sure you’ve heard the thesis that low inventory suppresses sales. Builder confidence is primarily based on inventory.

Inventory 528

Inventory Construction Housing Market Design 528

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 395

Buyers Supply Chain Construction Inventory 395

Housing Wire

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. .”

Construction 473

Construction Inventory Housing Market Development 473

Housing Wire

JUNE 23, 2021

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. The home can be in any stage of construction: not yet started, under construction or completed. Census Bureau. Sales grew 33% in the Northeast, 6.7% in the South.

Supply Chain 450

Supply Chain Construction Buyers Development 450

Housing Wire

OCTOBER 26, 2022

Census Bureau and the Department of Housing and Urban Development. percent) below the September 2021 estimate of 732,000. The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted months of supply is still under construction 2.1

Construction 465

Construction Inventory Contracts Buyers 465

Housing Wire

NOVEMBER 24, 2021

months and above, the builders will pull back on construction. family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. When supply is 4.4 When supply is 6.5 percent (±21.1

Construction 495

Construction Marketing Housing Market Mortgage 495

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. percent) below the January 2021 estimate of 993,000.

Construction 407

Construction Housing Market Marketing Mortgage 407

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 460

Inventory Marketing Construction Mortgage 460