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. The permit-to-completion time in 2022 was 2.3

Construction 147

Construction Supply Chain 147

Eyes on Housing

APRIL 18, 2023

Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022–the second consecutive annual increase. According to the latest Employment Situation of Veterans report released by the U.S. The share has climbed 0.6

Construction 174

Construction Business 174

Eyes on Housing

MARCH 9, 2023

The NAHB recently published its latest Cost of Construction Survey. of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% Results show that 60.8% posted in 2019.

Construction 190

Construction 190

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%

Construction 457

Construction Renovations Transportation Real Estate 457

Eyes on Housing

JANUARY 31, 2024

NAHB analysis of Census data shows that private residential construction spending rose 1.4% The 2023 annual spending on private residential construction was $864.9 lower than the 2022 annual totals. The monthly increase in total construction spending is attributed to more. in December, marking three months of gains.

Construction 187

Construction 187

Eyes on Housing

DECEMBER 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.2% Total private residential construction spending is 0.7% This was the first year-over-year increase since December 2022. The total construction monthly increase. The total construction monthly increase.

Construction 179

Construction 179

Eyes on Housing

DECEMBER 28, 2022

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Natalia Siniavskaia reported on wage data for the construction sector.

Construction 173

Construction 173

Eyes on Housing

AUGUST 30, 2023

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts decreased in 2022. Nationally, 1,018,495 new single-family units started construction in 2022, 10% fewer than the number of units started in 2021. Among all nine Census divisions, the South.

Construction 178

Construction 178

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Eyes on Housing

MAY 26, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-sale housing starts increased during the first quarter of 2022. At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008. Read More ›

Construction 187

Construction Marketing 187

Eyes on Housing

DECEMBER 25, 2023

Two such posts focused on home prices and construction costs. In November, Natalia Siniavskaia examined 2022 Census data to report regional differences for pricing of different kinds of home construction: Square Foot Prices More than Double Inflation. Read More ›

Construction 166

Construction 166

Eyes on Housing

NOVEMBER 22, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. Read More ›

Construction 174

Construction Marketing 174

Eyes on Housing

AUGUST 30, 2022

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy. However, the July data shows stability concerning the number of open, unfilled jobs in the construction industry. The count of open construction jobs. The count of open construction jobs. Read More ›

Construction 174

Construction Marketing 174

Eyes on Housing

MAY 17, 2023

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. This is almost 7% lower than the first quarter of 2022. This is almost 7% lower than the first quarter of 2022. However, strength earlier. Read More ›

Construction 178

Construction Design Investors 178

Eyes on Housing

AUGUST 16, 2022

Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates. This is a 91% gain over the second quarter. Read More ›

Construction 187

Construction Design Mortgage 187

Eyes on Housing

JULY 10, 2023

Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022.

Construction 179

Construction 179

Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. The all-time high of $390,000 was set in the second quarter of 2022. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

Supply Chain 373

Supply Chain Housing Market Marketing Mortgage 373

Eyes on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

Construction 193

Construction Buyers Inventory 193

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

Eyes on Housing

JUNE 7, 2022

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Read More ›

Supply Chain 174

Supply Chain Construction Buyers Development 174

Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. trillion in 2022, according to the Mortgage Bankers Association – non-QM will be part of that, of course. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight.

Supply Chain 374

Supply Chain Lending Investors Renovations 374

Eyes on Housing

JUNE 1, 2023

Private residential construction spending inched up 0.5% Private residential construction spending increased for the first time since June 2022 amid elevated mortgage interest rates. The total construction monthly increase is largely attributed to more spending on multifamily construction, which rose.

Construction 103

Construction Mortgage 103

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. The new 2022 houing market environment.

Housing Market 410

Housing Market Marketing Supply Chain Mortgage 410

Eyes on Housing

JANUARY 18, 2023

The producer price index (PPI) for inputs to residential construction less energy (i.e. in 2022 (not seasonally adjusted) according to the latest PPI report—less than one-half the increase seen in 2021. building materials) rose 8.3% On a monthly basis, building materials prices declined 0.3% After increasing an average of 1.8%

Construction 187

Construction 187

Eyes on Housing

DECEMBER 28, 2021

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. The 2020 Survey of Construction (SOC) from the Census Bureau. Read More ›

Construction 167

Construction 167

Housing Wire

JANUARY 5, 2024

million increase of 2022. 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

Transportation 437

Transportation Construction Government Investors 437

Housing Wire

MAY 11, 2024

But since 2022, the spreads between them have gotten worse, meaning mortgage rates are abnormally higher than they should be. The slope of the curve in 2024 is much slower than we saw in 2022. In 2022, we saw real price declines in the second half of the year as home sales were crashing.

Mortgage 430

Mortgage Inventory New Listings Housing Market 430

GoForrmz

NOVEMBER 9, 2022

GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction. In its most recent issue, CE published a comprehensive list of The Top Construction Technology Firms ™ – and GoFormz made the list!

Construction 148

Construction Project Management Technology Development 148

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 103

Construction Development Finance Mortgage 103

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. Dallas-based United Real Estate burst onto the scene in October 2022 when it acquired EXIT Real Estate Gallery , which had ranked in Jacksonville’s top 10 in three of the four years from 2019-2022.

Brokerage 437

Brokerage Realty Real Estate Inventory 437

Eyes on Housing

MAY 2, 2023

The count of open jobs was 12 million a year ago in March 2022. The count of open, unfilled jobs for the overall economy declined again in March, falling to 9.6 million, after an 11.2 million reading in December, which was the highest level since July. The count of total job openings should continue to fall in 2023 as the.

Construction 176

Construction 176

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

Retail 411

Retail Lending Renovations Construction 411

Appraisal Buzz

OCTOBER 18, 2021

Economists have found that more new construction and a rise in listings should lead to a deceleration in price growth, and an increase in purchases next year. The post Purchase Originations in 2022 Expected to Rise 9% appeared first on DSNews.

Construction 150

Construction Appraisal 150

Housing Wire

FEBRUARY 24, 2023

This marks the second consecutive month of increases and the strongest sales pace since March 2022. The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. months in December.

Construction 432

Construction Contracts Buyers Development 432

Eyes on Housing

SEPTEMBER 6, 2023

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% of the market, roughly the same as in 2021, at 28.8%. As in previous years, conventional financing dominated the market at 71.9%

Finance 103

Finance Construction Marketing 103

Eyes on Housing

JANUARY 25, 2023

Interest for new home construction weakened in the fourth quarter of 2022, driven by high mortgage rates and elevated new home prices. The latest Housing Trends Report (HTR) shows that the share of prospective buyers looking to buy new construction dropped to 20% in the final quarter of 2022, down from 27% a quarter earlier.

Construction 117

Construction Buyers Mortgage 117

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. They wanted to know if it was okay to use a new construction sale as a comp for an older home. The market dynamics have changed namely interest rates.

Construction 79

Construction Appraisal Process Appraisal Bracketing 79