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. Creating a path to success in today’s purchase market.

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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 436

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.

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Construction Government Development Mortgage 419

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

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Housing Wire

NOVEMBER 3, 2023

While wages kept rising, October posted the slowest pace of wage growth since June 2021, according to Bright MLS Chief Economist Lisa Sturtevant. What to expect in the housing market ? More specifically, jobs picked up in specialty trade contractors (+14,000) and construction of buildings (+6,000).

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Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. The RMMI increased precipitously between 2011 and 2021.

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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 ›

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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 380

Construction Tenants Design Finance 380

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. Read More ›

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Construction Housing Market Marketing 166

Housing Wire

JANUARY 26, 2024

A new report from Construction Coverage sourced by its researchers and data from the U.S. Census Bureau and Zillow identified the top metro areas in the country that contain baby boomer homeowners, identifying both the “top” and “bottom” 15 markets. By 2021, that percentage had increased to 54.2%. with 41.8%

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Marketing Construction Housing Market Mortgage 386

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.

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Construction Appraisal Marketing 195

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. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. during the previous quarter.

Housing Market 364

Housing Market Inventory Construction Marketing 364

Appraisal Buzz

DECEMBER 10, 2021

HUD and the Census Bureau are set to release their new residential construction data, a gauge of how the market will close out Q4 as the supply/demand struggle continues. The post The Week Ahead: How Will the Housing Market Exit 2021? The post The Week Ahead: How Will the Housing Market Exit 2021?

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Housing Market Marketing Construction Appraisal 195

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. It is now in 44 markets, compared to 23 at the end of 2020.

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Investors Real Estate Inventory Finance 424

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 350

Mortgage Marketing Retail Construction 350

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues. All about the rates.

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Mortgage Inventory Real Estate Technology 506

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. If buying a home is on your radar for 2021, there are still ways to do it. A homebuyer’s guide to a competitive housing market.

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Housing Market Marketing Real Estate Agent Sellers 546

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 156

Construction Marketing 156

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.

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Supply Chain Investors Construction Buyers 315

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 million, on a par with the levels recorded by the ACS before the Covid-19 pandemic wreaked havoc on labor markets.

Construction 107

Construction Marketing 107

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. Read More ›

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Construction Insurance Marketing 153

Housing Wire

SEPTEMBER 9, 2021

Lindsay Bhandari , VP, Capital Markets and Treasury Technology Management at Fannie Mae stood up the MBS Trade Portal and increased revenue by $20 million, saving 63 hours per month in the trade confirmation process. Nominations for the 2021 Tech Trendsetters close on Friday, Sept.

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Architecture Technology Construction Real Estate 262

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.

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Mortgage Inventory Housing Market Construction 391

Appraisal Buzz

SEPTEMBER 20, 2021

It’s an incredible forum for learning, networking, and gleaning insights and forecasts on the future of the real estate market. Stock and bond markets? The construction industry? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. So what’s the consensus, you ask? Buyers and sellers? Interest rates?

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Valuation Property Appraisal Real Estate Sellers 195

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 392

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. San Diego, California. Springfield, Missouri. Augusta, Georgia.

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Housing Market Marketing Real Estate Agent Agents 337

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. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 394

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 Market Marketing Inventory Construction 513

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. million units this year from 2021, a further downward revision from August’s projected 16.2%

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Housing Wire

OCTOBER 20, 2020

Freddie Mac’s David Brickman and Fannie Mae’s Hugh Frater also offered their takes on challenges with affordable housing, racial disparities with homeownership, expectations for 2021 and – yes, you knew it was coming – the 50 bps adverse market fee that’s due to hit lenders doing refis beginning in December.

Law 473

Law Marketing Mortgage Valuation 473

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 ›

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Construction Inventory Mortgage Marketing 194

Eyes on Housing

AUGUST 26, 2022

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. of the market while conventional financing accounted for 65.6%

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Finance Construction Marketing 157

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. The Infrastructure Investment and Jobs Act — also known as the Bipartisan Infrastructure Bill — passed in November 2021 but will soon affect the country. construction sites.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market. The new 2022 houing market environment.

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Housing Market Marketing Supply Chain Mortgage 404

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 130

Construction Housing Market Marketing 130

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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Transportation Construction Government Investors 406

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 Market Marketing Inventory Construction 545