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New Home Construction Expectations for 2022

Appraisal Buzz

What is on the horizon in 2022? Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. However, things may be looking up again in 2022.

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Single-Family Built-for-Rent Construction Surging

Eyes on Housing

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 ›

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Master planned communities post strong new home sales numbers in 2023

Housing Wire

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. The thoughtful design and selection of community amenities contribute to the appeal for buyers.”

Buyers 458
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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. In addition to the brokerage, Owen also owns a property management company, an escrow firm, a commercial real estate arm and a design-and-construction firm.

Brokerage 370
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Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. Through this building process, Veev says it can build homes up to four times faster than standard construction industry standards, which in turn can bring down costs significantly.

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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

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44 New Home Improvement and Renovation Statistics for 2022

Raleigh Realty

Let’s take a look at what changes experts are predicting for the home improvement industry in 2022. The home improvement market is expected to grow by $20.4 billion in the United States alone by the end of 2022. Statista) The average monthly spending on private construction has been increasing since 2011.