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 406

Construction Supply Chain Buyers Development 406

Housing Wire

JANUARY 19, 2024

In the ever-changing American housing landscapes, agents are well advised to stay attuned to shifts in affordability and flexibility trends, as these factors drive the growth and evolution of rental demand and can have a substantial impact on those servicing the real estate segment. rental segment has been quite fluid.

Marketing 429

Marketing Real Estate Construction Agents 429

Housing Wire

FEBRUARY 6, 2024

Real estate investment management firm Pretium Partners has raised nearly $1 billion for a new fund dedicated to acquiring built-to-rent (BTR) homes, Bloomberg reported on Tuesday. That deficit can only be fixed with new capital invested to create new housing supply,” Josh Pristaw, Pretium’s head of real estate, said in a statement. “We

Investing 386

Investing Real Estate Investors Construction 386

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.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

JANUARY 25, 2024

This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. 9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. Census Bureau and the Department of Housing and Urban Development.

Construction 491

Construction Housing Market Inventory Marketing 491

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

Housing Market 544

Housing Market Marketing Construction Development 544

Housing Wire

NOVEMBER 27, 2023

The company attributed its difficulties to “the challenging economic environment and declining real estate prices.” In March 2022 , Veev raised a $400 million Series D led by BOND , while LenX , Zeev Ventures , JLL Spark Global Ventures , and Fifth Wall also participated in the round.

Inspection 419

Inspection Investors Investing Insurance 419

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). compared to 2022. Single-family permits, a leading indicator of future starts, reached the highest level since May 2022. compared to 2022. Census Bureau and the U.S.

Construction 397

Construction Real Estate Housing Market Buyers 397

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 Fannie expects a slowdown in homesales for the second and third quarters of 2022, followed by a softening in construction activity and a large deceleration in home price growth. in the first quarter.

Contracts 397

Contracts Mortgage Construction Development 397

The Robert Weiler Company

APRIL 7, 2023

As we commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. To be clear, some of these developments have been gaining momentum for decades. reduction in operating costs in the first year and a 16.9%

Real Estate 109

Real Estate Construction Development Investing 109

Housing Wire

MARCH 11, 2024

Tina Kotek, the bill aims to invigorate home construction in the state. The newly approved bill grants cities a one-time exemption from long-standing regulations to acquire new land for housing developments. The measure is designed to facilitate residential development on more suitable terrain outside city limits.

Law 387

Law Development Design Construction 387

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We With existing inventory down, Schuler said new construction has taken on a larger role in his market. 23, 2024.

Housing Market 395

Housing Market Marketing Inventory Construction 395

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.

Development 279

Development Real Estate Construction Inventory 279

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 447

Marketing Mortgage Supply Chain Inventory 447

The Robert Weiler Company

JANUARY 27, 2023

Because it’s where fictional game developers James Halliday and Ogden Morrow of Gregarious Games launch the OASIS, a fully interactive immersive VR gaming environment where a growing percentage of the human population goes to escape. Below, we review the industrial real estate trend for 2023, focusing on the digital technology sector.

Real Estate 148

Real Estate Supply Chain Construction Development 148

Housing Wire

APRIL 27, 2022

family houses in March 2022 were at a seasonally adjusted annual rate of 763,000, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development. From Census: The median sales price of new houses sold in March 2022 was $436,700. From Census: Sales of new single?family

Construction 325

Construction Buyers Housing Market Inventory 325

Housing Wire

AUGUST 31, 2022

In 2019, they teamed up to make a $450 million equity commitment to develop 2,000 new “build-for-rent” homes. Tricon notes in announcing the latest joint venture with ASRC that it “has already invested $1 billion in developing new, high-quality rental housing and has a pipeline of over 7,000 new homes currently under development.”.

Marketing 368

Marketing Construction Supply Chain Development 368

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.

Inventory 383

Inventory Supply Chain Construction Buyers 383

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. While housing starts were down in 2022, housing completions posted a 3.8%

Inventory 379

Inventory Construction Development Housing Market 379

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022. Looking ahead, experts are optimistic about the spring selling season for new construction. months in December.

Construction 423

Construction Contracts Buyers Development 423

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.

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. .”

Construction 463

Construction Inventory Housing Market Development 463

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

Inventory 290

Inventory Housing Market Marketing Real Estate 290

Housing Wire

JANUARY 23, 2024

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.

Development 337

Development Tenants Investing Design 337

Housing Wire

MAY 16, 2023

May’s reading also marks the first time since July 2022 that sentiment has reached the midpoint mark of 50. While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction. This is the fifth consecutive month of increase after a year of decreases.

Construction 397

Construction Inventory Buyers Housing Market 397

Housing Wire

DECEMBER 22, 2023

Census Bureau and the Department of Housing and Urban Development. percent)* above the November 2022 estimate of 582,000. Housing starts aren’t booming, primarily due to 5-unit construction slowing down. months , the builders will pause construction. This is 12.2 percent (±15.6 percent (±19.8 When supply is 4.4-6.4

Mortgage 496

Mortgage Marketing Construction Inventory 496

Housing Wire

APRIL 28, 2023

Jakes, a prominent Black minister who leads a Dallas-based megachurch, will focus on initiatives including affordable housing, small business development and financial education. Jakes Real Estate Ventures began purchasing the site in 2022 to create commercial and residential spaces. The partnership with T.D.

Lending 366

Lending Retail Development Investing 366

D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. in 2022 compared to 2021, putting homeownership further out of reach for many. Experts seem to agree that the accumulated gains from 2020-2022 are not sustainable and at some point, housing prices will fall.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

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.

Construction 372

Construction Development Design Inspection 372

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). above the October 2022 estimate of 577,000. However, the share of new construction for sale in the third quarter was the highest ever recorded. single-family homes for sale in the third quarter were new construction, up from 28.9%

Housing Market 351

Housing Market Construction Inventory Buyers 351

Housing Wire

APRIL 15, 2022

I appreciate HousingWire’s diversity in approaching all sides of real estate, from technology to economics. Nicollette Chapman: “ Some lenders won’t survive the purchase mortgage market of 2022 ” by Flavia Furlan Nunez. HousingWire : What do you think will be the big themes for the housing market in 2022?

Real Estate 370

Real Estate Real Estate Agent Business Housing Market 370

Housing Wire

JUNE 24, 2022

In 2021, HousingWire featured a kudos on them , and now, almost a year later, we sat down with Terri Everhart, 2022 NAHB Professional Women in Building chair, to get an update on this successful, growing team of women and their current projects. The connections she made would have taken her years to develop independently.

Construction 370

Construction Development Training Business 370

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% Over the past year, the value of the U.S. housing market has surged by more than $2.6 Over the past year, the value of the U.S. rise in the average value of U.S.

Housing Market 499

Housing Market Marketing Inventory Construction 499

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.

Construction 82

Construction Appraisal Process Appraisal Bracketing 82

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. Now those numbers are more like 8% or 9%. or better ROI in those markets.

Buyers 321

Buyers Real Estate Construction Finance 321