Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. It was the same exact number of sales as recorded at this time in 2022. All of its communities were in Texas.

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Development Real Estate Construction Inventory 354

Housing Wire

JULY 18, 2023

This is the index’s highest reading since June 2022. The NAHB attributes the continued rise in builder confidence to low existing home inventory. Furthermore, higher interest rates increase the cost of financing for building homes and developing lots.”

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Inventory Construction Buyers Housing Market 368

Housing Wire

MARCH 1, 2022

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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Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. compared to June 2022. At the current sales pace this inventory represents 7.4 year over year.

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Housing Market Marketing Construction Inventory 369

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. About 37% of respondents were spending money in social media and 34.8% Roughly 47.4%

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Housing Market Mortgage Marketing Inventory 420

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

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. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

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Construction Appraisal Process Appraisal Bracketing 79

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. Prices have held steady and even increased in some areas due to limited inventory. The cost approach is most relevant for new or like new construction.

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Construction Appraisal Appraisal Process Bracketing 71

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. Low housing inventory. America suffers from a severe shortage of affordable homes.

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Construction Investing Development Landlords 370

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

Eyes on Housing

DECEMBER 1, 2022

Residential construction loan volume reached a post-Great Recession high during the third quarter of 2022, as home building activity and new home sales remained weak. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer.

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Construction Development Inventory Marketing 103

Housing Wire

JUNE 17, 2021

Though uncertainties over consumer behaviors related to reopening and COVID-19 developments remain, the group believes temporary factors are largely responsible for current strong inflation. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

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Mortgage Housing Market Contracts Construction 450

Housing Wire

NOVEMBER 5, 2021

He has also served as as chief operating officer of Better Homes and Gardens Real Estate, as well as senior vice president of Membership Development for Better Homes and Gardens Real Estate. HousingWire: What do you think will be the big themes for the housing market in 2022? .

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Real Estate Brokerage Construction Business 370

Housing Wire

MARCH 30, 2022

6602, the “ Affordable Housing Resident Services Act of 2022,” could be a game-changer. At National CORE , one of the nation’s largest affordable housing developers, we provide affordable housing to 25,000 residents in over 8,500 affordable rental units. Ultimately, it must be about the residents themselves. Pete Aguilar, D-Calif.,

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Development Construction Design Inventory 370

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

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 Census Bureau and the Department of Housing and Urban Development. percent (±15.3

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Inventory Housing Market Construction Marketing 545

Housing Wire

APRIL 19, 2023

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. That vision is still under construction, so to speak. Now those numbers are more like 8% or 9%.

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Buyers Real Estate Construction Finance 381

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development and U.S. below the September 2022 rate of 1,463,000. However, permits for future construction recorded a 4.4% lower than in September 2022 due to higher interest rates. lower than September 2022. from the prior month and were 1% above the September 2022 level.

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Construction Development Inventory Mortgage 441

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound.

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Inventory Housing Market Marketing Real Estate 371

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. “We

Construction 408

Construction Supply Chain Inventory Agents 408

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.

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Real Estate Marketing Inventory Housing Market 105

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

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Construction Finance Inventory Development 419

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.” in 2022, the weakest showing since 2014. Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

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Marketing Government Mortgage Sellers 410

Housing Wire

FEBRUARY 29, 2024

In places like San Francisco ; New York ; Seattle ; San Antonio ; Rochester, New York; and Kansas City, permits dropped by more than 30% from 2022 to 2023. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

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Inventory Supply Chain Construction Buyers 440

Housing Wire

APRIL 17, 2023

As existing home inventory continues to fall, builder confidence is on the rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday. This marks the first time since June 2022 that both of these components have risen to the 50+ range.

Inventory 384

Inventory Loan Conditions Buyers Housing Market 384

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 397

Housing Wire

MAY 23, 2023

Homebuilders , whose sentiment hit the midpoint mark of 50 earlier this month for the first-time since July 2022, have yet another reason to celebrate. Census Bureau and the Department of Housing and Urban Development ( HUD ). However, experts note that the existing home inventory trough won’t last forever.

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Inventory Construction Development Buyers 397

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb. 23, 2024.

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Housing Market Marketing Inventory Construction 441

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

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Mortgage Real Estate Inventory Construction 416

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

Construction 457

Construction Supply Chain Buyers Development 457

Housing Wire

JANUARY 19, 2023

As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% Department of Housing and Urban Development. Builders watched inventories rise as buyers canceled contracts and new orders dried up.

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Inventory Construction Development Housing Market 397

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.

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Construction Housing Market Inventory Marketing 504

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. Census Bureau and the Department of Housing and Urban Development. percent)* below the March 2022 estimate of 707,000. percent (±15.2

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Inventory Housing Market Construction Marketing 485

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.

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Inventory Renovations Supply Chain Buyers 409

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. family houses in February 2022 were at a seasonally adjusted annual rate of 772,000, according to estimates released today by the U.S. The only risk to that 6.2

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Mortgage Inventory Housing Market Construction 490

Eyes on Housing

SEPTEMBER 9, 2022

Residential construction loan volume reached a post-Great Recession high during the second quarter of 2022, as home building activity and new home sales slowed. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer.

Construction 174

Construction Development Inventory Marketing 174

Housing Wire

JUNE 27, 2023

Census Bureau and the Department of Housing and Urban Development. This is 20% above the May 2022 estimate of 636,000. Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. from April. This represents a supply of 6.7

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Inventory Construction Technology Development 370