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 458

Eyes on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. Read More ›

Buyers 183

Buyers Construction Inventory 183

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage.

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Housing Market Marketing Inventory Construction 515

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

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Realtors Buyers Inventory Sellers 432

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction.

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Buyers Real Estate Construction Finance 381

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

JULY 26, 2023

It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. As a result, it is forcing buyers to make trade-offs, in terms of both characteristics of the home as well as the home’s location.” compared to June 2022. from a month prior, but down 3.6%

Housing Market 369

Housing Market Marketing Construction Inventory 369

Housing Wire

JULY 18, 2023

This is the index’s highest reading since June 2022. The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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Inventory Construction Buyers Housing Market 368

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. percentage points, the fastest pace of hikes in four decades.

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Inventory Construction Mortgage Buyers 466

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. 2022 to Dec.

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Tools Inventory Sellers Buyers 420

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. below its June 2022 peak.” increase in home prices in the first quarter of 2023 from the first quarter in 2022. House prices were up 0.5%

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Mortgage Inventory Construction New Listings 410

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring?

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Buyers Supply Chain Inventory Real Estate 98

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6% Roughly 47.4% are optimistic.

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Housing Market Mortgage Marketing Inventory 420

Housing Wire

JANUARY 6, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. What about existing homes?

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Supply Chain Housing Market Construction Inventory 500

Housing Wire

JUNE 21, 2023

This slow growth highlights that while demand is there and rates have fallen for three consecutive weeks, activity continues to be constrained by low levels of affordable inventory. Census Bureau data on new residential construction showed that housing starts rose 21.7% from May 2022, to 1.63 On Tuesday, U.S.

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Mortgage Inventory Construction Buyers 370

Housing Wire

AUGUST 3, 2023

Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Scarce inventory leads to a modest pace of sales for existing homes.

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Mortgage Inventory Government Buyers 367

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. since March 2022. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. In June, job openings eased back to 9.6

Marketing 354

Marketing Construction Renovations Home Improvement 354

Housing Wire

MARCH 28, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. HousingWire: To begin, how has your 2022 forecast changed so far? Inventory has been falling for years. What has remained the same?

Housing Market 367

Housing Market Marketing Supply Chain Inventory 367

Housing Wire

FEBRUARY 15, 2024

Census Bureau ’s one-year American Community Survey in 2022, the most recent year for which data is available. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report.

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Property Taxes Insurance Construction Inventory 466

Housing Wire

JUNE 2, 2023

since March 2022. 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. The unemployment rate has remained between 3.4%

Construction 384

Construction Real Estate Housing Market Transportation 384

Housing Wire

JULY 27, 2023

Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” Home prices will be influenced by how much inventory is brought to market. On the flip side, newly constructed home sales are forecast to increase 12.3% from 2022 to 2023, to 1.47

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% in 2023. “Now

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

MARCH 29, 2023

from February 2022. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” “Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.”

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Contracts Realtors Home Value Housing Market 305

Housing Wire

JUNE 23, 2023

On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from May 2022, to 1.63 Both metrics are considerably better than May 2022. from April, and up 5.7% ”

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Supply Chain Construction Buyers Mortgage 384

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Here are some things to be aware of as you move into the last part of 2022 and a new year.

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Inventory Construction Real Estate Renovations 68

Hank Miller Team

NOVEMBER 8, 2021

But in this maelstrom comes a confident 2022 housing market forecast from Goldman Sachs; they predict home prices will appreciate 16 during 2022. The two main drivers; low mortgage rates and historically low inventory. The expectation is that the pace of new construction will pick up.

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Supply Chain Inventory Housing Market Government 98

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. At the beginning of 2022, active home sale listings fell below 500,000 for the first time. million Americans — 67% of potential first-time buyers. since 2008.

Construction 370

Construction Investing Development Landlords 370

Quicken Loans

DECEMBER 16, 2021

So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. Here are a few housing market predictions for 2022 to help you prepare for the market’s future.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

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.

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Housing Market Inventory Marketing Construction 473

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. We know the impact in 2022, working from the highest bar in recent history. However, that got smashed in just two years, and prices are still rising in 2022. Traditionally, total inventory ranges between 2 to 2.5

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you. Boise City, Idaho.

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Housing Market Appraisal Marketing Appraisal Process 79

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 percent) below the February 2022 estimate of 790,00. percent (±15.3 percent (±12.9

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Inventory Housing Market Construction Marketing 545

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Some markets remain in flux, others have started to level off already.

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Inventory Renovations Housing Market Buyers 52

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” You can see that’s a really big impact for that first-time buyer, giving them the ability to kind of ease into that payment.” in November, down from a 9.2%

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Marketing Government Mortgage Sellers 410

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory.

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Real Estate Marketing Inventory Housing Market 105

Housing Wire

SEPTEMBER 22, 2022

With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. million to 1.93

Mortgage 384

Mortgage Loan Officers Inventory Retail 384